Market Overview for GoPlus Security/Tether (GPSUSDT) on 2025-10-03

• GPSUSDT traded in a tight range before a sharp 15-minute breakout to 0.01308.
• Volume surged after 16:45 ET, confirming the upward momentum.
• RSI hit 61, suggesting moderate bullish momentum but not overbought.
• Price retracted toward 0.0129, aligning with key Fibonacci support.
• Final 15-minute candle at 12:00 ET closed slightly lower at 0.01257, showing consolidation.

The GoPlus Security/Tether (GPSUSDT) pair opened at 0.01233 on 2025-1002 12:00 ET, surged to 0.0132, and closed at 0.01257 on 2025-1003 12:00 ET. Total volume for the 24-hour period reached 131,083,270.44, with turnover of approximately $1,638,766 (notional). Price action showed a sharp 15-minute move toward resistance at 0.01308, followed by consolidation and a retest of key support levels.

Structure & Formations

A sharp bullish breakout occurred at 16:45 ET, forming a strong white candle that reached 0.01308, followed by a bearish consolidation in the following hours. A bearish engulfing pattern emerged after 19:45 ET as price dropped from 0.01292 to 0.01279. A key support level appears to be forming around 0.01276–0.01282, where price repeatedly bounced in the latter half of the day. A doji at 20:30 ET signaled potential indecision, followed by a gradual downward drift toward the session close.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 19:30 ET, signaling short-term bullish momentum. However, by 04:00 ET, the 20 MA had fallen below the 50 MA, hinting at weakening momentum. On the daily chart, the 50-period MA sits at approximately 0.01285, above the 200-period MA at 0.01255, suggesting a slightly bullish trend on longer timeframes.

MACD & RSI

The MACD line crossed above the signal line at 19:30 ET, supporting the breakout move, but crossed back below by 05:00 ET, indicating a loss of momentum. RSI hit 61 on the breakout and retreated to 54 by 11:00 ET. While not yet overbought, the RSI suggests moderate bullish pressure has eased. The oscillator remains above 50, showing a slight bias to the upside.

Bollinger Bands

Volatility expanded sharply during the breakout, with price touching the upper Bollinger Band at 0.01308. By 21:00 ET, volatility began to contract, and the bands tightened around the 0.01276–0.01286 range. The price closed near the middle band, suggesting no strong directional bias in the final hours of the session.

Volume & Turnover

Volume spiked at 16:45 ET with a 9.6 million USDT volume candle, confirming the breakout. Turnover rose sharply during this period, with a notable divergence appearing in the final 3 hours, where volume remained steady but price continued to fall. This divergence could signal potential short-term weakness ahead.

Fibonacci Retracements

Fibonacci levels drawn from the 0.01232 low to the 0.0132 high showed key retracement levels at 0.01291 (38.2%) and 0.01275 (61.8%). Price tested 0.01291 twice during the day but failed to break through. The 61.8% level at 0.01275 appears to be gaining strength as a potential support zone.

Backtest Hypothesis

Given the observed structure and technical indicators, a potential backtesting strategy could be built around breakout and retest patterns. Specifically, a long entry could be triggered when price breaks above the 0.01308 level, with a stop just below the 0.01282 support. A profit target could be set at the 0.01313 high, based on recent resistance and RSI levels. Alternatively, a short entry could be triggered on a breakdown below 0.01276, with a stop above the 0.01288 level. This strategy would need to be validated with historical data to assess risk-reward balance and frequency of signals.