Market Overview for GRTUSDT (The Graph/Tether)

Summary
• Price fell from 0.0381 to 0.03694 with bearish momentum.
• 20-period and 50-period MAs confirmed downward bias.
• Volatility widened during sharp selloff in late ET hours.
• RSI hit oversold territory, hinting potential near-term bounce.
• Volume surged during the decline, confirming bearish pressure.

Market Overview

The Graph/Tether (GRTUSDT) opened at 0.03802 at 12:00 ET - 1, reached a high of 0.0384, touched a low of 0.03621, and closed at 0.03694 as of 12:00 ET. The pair experienced significant bearish pressure, with a total volume of 19.46 million and a notional turnover of $714,580.69 over 24 hours.

Structure & Moving Averages

Price action formed a descending channel on the 5-minute chart, with 0.0384 acting as a key resistance and 0.03694 offering short-term support. The 20-period and 50-period moving averages both remained below price, reinforcing the bearish bias. Daily 50-period and 200-period MAs appear to be diverging, suggesting a potential shift in medium-term momentum.

Momentum and Oscillators

The RSI dipped into oversold territory below 30 during the afternoon ET sell-off, indicating possible near-term stabilisation. MACD turned negative and remained bearish throughout the session, with a shrinking histogram pointing to weakening bear momentum. Bollinger Bands expanded sharply during the sell-off, highlighting rising volatility.

Volume and Turnover

Trading volume spiked during the sharp selloff between 10:00–12:00 ET, with the largest single 5-minute candle (at 12:15 ET) moving GRTUSDT from 0.03694 to 0.0364. Notional turnover rose alongside volume, confirming the bearish move. A divergence appears between volume and price during the early recovery attempt, suggesting caution around rebounds.

Fibonacci Retracements

Fibonacci levels applied to the key 0.0362–0.0384 range suggest 0.0372 (38.2%) and 0.0365 (61.8%) as potential psychological levels. The current close of 0.03694 is near the 38.2% retracement, and a rebound could test the 0.0372 level if buyers step in.

The selloff suggests short-term bearish exhaustion, but the path of least resistance remains lower. Investors may see a rebound to 0.0372, but a break below 0.0365 could extend the decline toward 0.0362. Volatility remains high, and traders should be cautious of sharp intraday swings ahead.