GNSUSDT Market Overview for 2025-09-24

• GNS/USDT rose from 1.849 to 1.881 (4.96%) in 24 hours, forming a bullish recovery pattern.
• Strong buying pressure was seen after 01:15 ET, pushing price above 1.860.
• RSI hit 55, suggesting moderate momentum with no overbought conditions.
• Volatility expanded in late ET hours, with Bollinger Bands widening significantly.
• High volume confirmed price moves, especially near 1.870–1.880 range.

Gains Network/Tether (GNSUSDT) opened at 1.849 (12:00 ET – 1) and closed at 1.881 (12:00 ET), reaching a high of 1.891 and a low of 1.815. Total 24-hour volume was 83,358.99 units, with notional turnover of $153,863.58. The pair showed a broad-based recovery with volume-based confirmation, suggesting strong near-term interest.

Structure & Formations

The 24-hour chart displayed a bullish recovery from the 1.815 support level, forming a multi-wave rally. A strong bearish engulfing pattern appeared at the session low (1.815–1.821), signaling a short-term bounce. Around 01:15–04:15 ET, the price consolidated near 1.840–1.850 before a sharp breakout. Notable resistance levels are now at 1.870–1.880, with potential for a continuation if 1.884 (61.8% Fibonacci) is cleared.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside at 1.850–1.860, confirming a short-term bullish bias. Daily averages (50D, 100D, and 200D) are not available for GNSUSDT in this dataset, but the 15-minute crossover suggests a near-term uptrend continuation.

MACD & RSI

MACD turned positive at 02:00 ET, signaling bullish momentum, and remained above the zero line for much of the session. The RSI reached 55 at the 15-minute close, suggesting moderate strength but not overbought conditions. Divergence was observed between price and RSI in the 04:00–06:00 ET range, indicating possible volatility ahead.

Bollinger Bands

Volatility expanded as the Bollinger Bands widened from a 0.012 range at 03:00 ET to a 0.020 range by 09:00 ET. Price action remained above the lower band for most of the session, with a breakout above the upper band (1.876–1.890) at 14:00 ET.

Volume & Turnover

Volume spiked at 01:15 ET (9,271.23 units) as price surged from 1.832 to 1.836, confirming the move. A second volume peak occurred at 15:00 ET (1,327.55 units) with a close at 1.890, reinforcing the bullish breakout. Turnover mirrored volume, with both confirming key price levels.

Fibonacci Retracements

Key Fibonacci levels were drawn from the low at 1.815 to the high at 1.891. The 38.2% retracement is at 1.860, and the 61.8% is at 1.884. Price tested both levels, with the 1.884 level acting as a potential short-term cap. A close above this level could trigger a retest of 1.891.

Backtest Hypothesis

The observed bullish momentum and volume confirmation at key Fibonacci levels suggest a potential breakout strategy. A backtest could target entries on a close above 1.876 (upper Bollinger Band) or a retest of the 1.884 Fibonacci level with a stop-loss below 1.870. Such a strategy would aim to capitalize on the trend continuation, supported by RSI and MACD indicators.