Market Overview for GPSUSDT (GoPlus Security/Tether)

• GPSUSDT traded in a 24-hour range of 0.0119 to 0.01307, closing near the upper end at 0.01271.
• Volume and turnover declined significantly after 21:00 ET, signaling waning interest in the pair.
• A bullish reversal pattern emerged in early morning hours, but momentum failed to sustain.
• RSI and MACD suggest oversold conditions but lack confirmation from volume divergence.
• Bollinger Bands show compressed volatility overnight, with a potential breakout in afternoon trading.

GoPlus Security/Tether (GPSUSDT) opened at 0.01271 on 2025-10-05 at 12:00 ET, reached a high of 0.01307, a low of 0.0119, and closed at 0.01271 at 12:00 ET on 2025-10-06. The total 24-hour volume was 82.6 million, with a turnover of approximately $1.07 million.

The pair formed a key support level around 0.01215–0.0122 and showed a potential bullish engulfing pattern at the start of the trading day, though the move failed to maintain bullish momentum. A doji appeared near 0.01215, suggesting indecision, while a bearish inside bar formed near 0.0124–0.0125, indicating a potential reversal. Key resistances were identified near 0.01254–0.01258 and 0.01244–0.01247, with the 20-period moving average acting as a dynamic support around 0.0122–0.0123. The 50-period moving average, currently around 0.01238, is showing a slight bearish divergence with price.

MACD lines crossed into positive territory in the early morning, but the histogram has since contracted, suggesting fading momentum. The RSI dipped into oversold territory below 30 around 01:00 ET and later recovered to 42–46, indicating some short-term buying pressure. Bollinger Bands showed a narrow contraction overnight, reaching a width of approximately 0.00012, and expanded in the early morning as volume picked up, suggesting potential for a breakout.

The 20-period and 50-period moving averages on the 15-minute chart are converging, with price trading just above the 20-period line. The daily chart shows the 50-period and 200-period lines in a bearish alignment. Notable divergences occurred between price and volume during the 00:00–03:00 ET period, with price falling despite a slight increase in volume, suggesting weakening bearish conviction. Fibonacci retracement levels from the 0.0119 to 0.01307 swing place 38.2% at 0.01257 and 61.8% at 0.01226, which could be watched for confirmation of trend continuation or reversal.

The backtesting strategy involves a simple moving average crossover using the 20-period and 50-period lines on the 15-minute chart. A long entry is triggered when the 20-period line crosses above the 50-period line, with an exit when the 20-period line crosses back below. Stop-loss is set at the nearest support level (0.01215), and take-profit is placed at the 38.2% Fibonacci level (0.01257). The strategy could benefit from incorporating volume and RSI as filters to avoid false signals during low-volume periods. This approach may work best in trending conditions and could be tested for risk-reward balance over multiple cycles.