Gains Network/Tether Market Overview

• GNSUSDT fell from 1.51 to 1.332, a 12.3% drawdown, ending at 1.39.
• Price found support near 1.332–1.35, rebounding with strong 1.37–1.40 consolidation.
• Volume spiked during 18:00–20:00 ET (UTC-4), followed by sustained selling into 05:45 ET.
• Bollinger Bands expanded during the decline, signaling heightened volatility.
• MACD remained negative for most of the period, with RSI hovering near oversold levels.

Gains Network/Tether (GNSUSDT) opened at 1.434 on 2025-10-13 at 12:00 ET and traded as high as 1.51 before falling to a low of 1.332, closing at 1.39 on 2025-10-14 at 12:00 ET. Total volume for the 24-hour window was 360,987.15 units, with a notional turnover of $519,864.19 based on traded prices. The price action suggests a bearish continuation pattern with key psychological and Fibonacci levels under pressure.

Structure & Formations

The price formed a broadening pattern after breaking below the 1.44–1.46 consolidation range, with a decisive bearish reversal observed during the candle on 2025-10-13 at 21:15 ET. A 1.51 high was followed by a long bearish shadow at 1.476, signaling rejection. The 1.332 level became a strong support, and a bullish engulfing pattern emerged afterward, but failed to break above 1.371–1.40. A key 1.39–1.40 resistance zone may test buyers’ conviction in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly, with price closing below both, reinforcing the downtrend. On the daily chart, the 50, 100, and 200-period moving averages are aligned in a bearish bias, indicating medium-term momentum is not favoring bulls.

MACD & RSI

The MACD remained negative for the majority of the 24-hour period, with a bearish crossover confirmed after the price hit 1.39. The RSI fell into oversold territory twice, near 1.332 and 1.371, but failed to generate strong reversals. The RSI divergence during the 02:00–05:00 ET period hinted at potential bear trap, though price action confirmed the sell-off.

Bollinger Bands

Volatility expanded significantly during the 18:15–22:00 ET period, with Bollinger Bands widening to 0.074 range (from 1.46 to 1.386). The price closed near the lower band at 1.39, suggesting exhaustion in the short-term decline. A rebound to the 1.40–1.43 zone would bring price closer to the middle band, offering a potential setup for range trading.

Volume & Turnover

Volume spiked during the 18:15–20:30 ET period, with a 1.466 high followed by a 1.371 close, reflecting aggressive selling. Notional turnover also increased, with the 21:15 ET candle posting the highest turnover of $51,124.14. A divergence was observed during the 05:30–06:00 ET period, where volume declined despite continued price weakness, potentially hinting at fading short-term bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracement to the 1.51–1.332 swing, the 61.8% level sits near 1.379, and the 78.6% at 1.393. The 1.39 close is very near the 78.6% retracement, which may offer a psychological support zone. On the 15-minute chart, retracements on the 1.466–1.371 swing point to 1.42 as a key level, aligning with the 38.2% and potential buying interest.

Backtest Hypothesis

The inability to retrieve the 14-period RSI for GNSUSDT highlights the potential challenges in backtesting thinly traded or newly listed assets. Given the volatility and strong bearish momentum observed in the 24-hour period, an alternative backtesting approach could involve using the price action and volume confirmation to build a trend-following strategy. For instance, a moving average crossover (e.g., 20/50) on the 15-minute chart, combined with a volume filter, could serve as an entry trigger. This approach would align with the observed bearish bias and could be tested on historical 15-minute OHLC data once available.