Market Overview: GPSUSDT Daily Technical Summary

Summary
• Price tested resistance at $0.00476–0.00482, with a bearish reversal on high-volume 5-minute candles.
• RSI and MACD suggest moderate bullish momentum, but divergence in price and volume raises caution.
• Bollinger Bands show tightening volatility ahead of a key breakout attempt.

GoPlus Security/Tether (GPSUSDT) opened at $0.00467 on December 24 at 12:00 ET, reaching a high of $0.00486 and a low of $0.00465 before closing at $0.00482 on December 25 at 12:00 ET. Total volume over the 24-hour period was 14.15 million, with a notional turnover of $66,224.

Structure & Formations

Key resistance emerged between $0.00476 and $0.00482, where price stalled after forming a bullish flag pattern. A rejection candle at $0.00482 on December 25 suggested potential bearish exhaustion, while support at $0.00475–0.00477 appears firm based on 5-minute consolidations.

Moving Averages

Short-term momentum favored the bulls with the 5-minute 20-period and 50-period SMAs both rising above $0.00475. On the daily chart, the 50-period SMA resides at ~$0.00473, while the 200-period SMA is at ~$0.00470, indicating a positive near-term bias.

MACD & RSI

RSI climbed into overbought territory at 68 during the early morning surge, followed by a pullback that may signal exhaustion. The MACD histogram showed a slight bearish divergence near $0.00482, raising questions about the strength of the rally.

Bollinger Bands

Volatility expanded as price pushed through the upper band during the early morning hours. However, a recent contraction suggests a potential setup for a breakout or breakdown. Price remains within a narrow range around the mid-band at $0.00478–0.00480.

Volume & Turnover

Volume spiked during the key 3:00 AM–8:00 AM ET window, especially around the $0.00482 peak, confirming the move but not necessarily confirming continuation. Notional turnover increased by ~50% during this time, reinforcing the significance of the resistance test.

Fibonacci Retracements

A 61.8% retracement of the $0.00465–0.00486 swing is at $0.00473, which aligns with the 50-period daily SMA and may serve as a pivot zone. A break below $0.00475 would target the 78.6% level at $0.00466.

The price appears poised for a directional move from the $0.00475–0.00482 range. Traders may watch for a decisive breakout or breakdown in the next 24 hours. Risk remains moderate, but a sharp volume spike or gap could trigger increased volatility.