GPSUSDT Market Overview for 2025-09-13

• GPSUSDT rose to a 24-hour high of $0.01407 before retracing to close at $0.01394.
• Volume surged at key resistance levels, suggesting potential breakouts or rejections.
• RSI showed brief overbought conditions late in the session, but momentum weakened by the close.
• Bollinger Bands showed moderate expansion, indicating increased short-term volatility.
• Price tested the 61.8% Fibonacci level but failed to hold above it, hinting at ongoing consolidation.

The GPSUSDT pair opened at $0.01337 on 2025-09-12 12:00 ET and reached a high of $0.01407 before closing at $0.01394 at 2025-09-13 12:00 ET. The 24-hour volume amounted to 119,995,634.5 and turnover was approximately $1,672,838 (based on closing prices). Price action showed a strong bullish bias during the late afternoon and early evening hours before consolidating.

Structure & Formations

Key support levels were observed near $0.01362 and $0.01344, with resistance emerging at $0.01389 and $0.01403. A bullish engulfing pattern formed around 13:30–13:45 ET as price closed above key resistance. A bearish reversal pattern later emerged during the 14:45–15:00 ET timeframe, coinciding with a sharp drop in price and volume. A doji formed at 14:45 ET, signaling indecision after a bullish breakout attempt. These patterns suggest a potential shift in sentiment and a possible retest of key support zones.

Moving Averages and MACD / RSI

On the 15-minute chart, the 20SMA crossed above the 50SMA in the late afternoon, reinforcing the bullish breakout. The 50SMA acted as dynamic support during the consolidation phase. MACD showed a positive divergence mid-session before diverging from price during the 14:45–15:00 ET bearish phase, indicating potential exhaustion of momentum. RSI moved into overbought territory around 14:00–14:30 ET, peaking at 72 before retreating. This suggests a potential correction unless bullish volume increases.

Bollinger Bands and Volatility

Bollinger Bands expanded late in the session as price surged to $0.01407, reflecting increased volatility. Price remained within the upper band for a short period before retreating toward the middle band, indicating a temporary overbought condition. The contraction in band width during the early morning hours suggested a period of consolidation. As of the 12:00 ET close, price was positioned slightly above the middle band, suggesting that volatility may continue to expand if buyers take control.

Volume and Turnover

Volume surged during the breakout to $0.01407, reaching a peak of 11,126,544.3, but declined significantly during the subsequent bearish phase, suggesting weak conviction from sellers. Turnover mirrored this pattern, peaking at the same time. A divergence occurred between price and turnover during the 14:45–15:00 ET timeframe, where price dropped but turnover did not confirm the move. This divergence could foreshadow a potential reversal or continuation depending on how the next 24-hour session unfolds.

Fibonacci Retracements

Recent 15-minute swings showed a key 61.8% retracement level at $0.01388, which price briefly touched during the consolidation phase but failed to hold. The daily chart Fibonacci levels highlighted a 61.8% retracement at $0.01389, coinciding with a key resistance zone. Price may test these levels again, and a breakout could signal a shift in the medium-term trend. A retest of the $0.01362–$0.01344 support range is likely, with potential for a counter-trend bounce if buyers step in.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern near key support, with a stop-loss placed below the 20SMA and a take-profit at the nearest Fibonacci resistance level. Short positions may be initiated on bearish reversal patterns coinciding with high volume divergence. The strategy would aim to capture short-term directional moves while managing risk with tight stops. Given the recent volatility and clear structure on the chart, such a strategy could be tested using historical data from the past week to assess win rate and risk-adjusted returns.