GoPlus Security (GPSUSDT) Market Overview

• GPSUSDT opened at 0.01453 and closed at 0.01370, marking a 5.7% decline in the 24-hour period.
• Price experienced a sharp drop below key support at 0.01440 and broke into a lower range around 0.01380–0.01360.
• Volatility expanded as the price range widened, and turnover surged near the 0.01440–0.01420 cluster.
• The RSI remains in oversold territory, suggesting potential for a short-term bounce.
• Volume spiked during the breakdown below 0.01440, indicating increased conviction in the bearish move.

GoPlus Security (GPSUSDT) opened at 0.01453 on 2025-08-17 and closed at 0.01370 by 12:00 ET on 2025-08-18, hitting a high of 0.01479 and a low of 0.01356. Total volume over the 24-hour period was 49,268,966.2, with a notional turnover of approximately $694,366. The price has shown significant bearish momentum, with a breakdown below key psychological and Fibonacci support levels.

Structure & Formations

A bearish breakdown is evident as GPSUSDT fell below the 0.01440 support level, which had previously acted as a short-term floor. The 0.01420–0.01440 range appears to have become a new zone of resistance. Notable bearish patterns include a hanging man near 0.01442 and an engulfing pattern during the 19:00–20:00 ET window, both suggesting a shift in sentiment. The 0.01370–0.01390 zone is likely to see near-term consolidation or test as a new support.

Moving Averages

On the 15-minute chart, the 20-period MA and 50-period MA are both bearishly aligned, pulling downward and trailing the price. The daily chart shows a similar bearish bias with the 50-, 100-, and 200-day MAs forming a descending structure. This suggests continued downward pressure and that a reversal may require a sustained move above the 20- and 50-period MAs.

MACD & RSI

The MACD line has remained negative throughout the day, with bearish crossovers reinforcing the downward move. The RSI has dipped into oversold territory, which may suggest a short-term bounce, but lacks confirmation on the price action side. The divergence between RSI and price suggests caution, as the RSI may not necessarily trigger a reversal without a clear break above 0.01390.

Bollinger Bands

Volatility has expanded over the last 24 hours, with the Bollinger Bands widening significantly. The price has spent the latter half of the period near the lower band of the bands, consistent with bearish momentum. A retest of the upper band at 0.01400–0.01420 could offer a short-term bounce but may be met with resistance unless volume confirms the move.

Volume & Turnover

Volume increased sharply during the breakdown below 0.01440, confirming the move with strong conviction. Turnover spiked around 0.01440–0.01420 during the evening hours, reinforcing the bearish move. However, the recent dip in volume during the 0.01360–0.01390 range suggests weakening momentum, and a follow-through move below 0.01360 may require higher volume to confirm.

Fibonacci Retracements

Applying Fibonacci to the 0.01453–0.01479 and 0.01440–0.01356 swings, key retracement levels of 38.2% and 61.8% are currently at 0.01462 and 0.01388, respectively. The 0.01388 level appears to have acted as a temporary floor and may offer limited support if buyers step in. A retest of 0.01420 could also trigger a Fibonacci bounce but may face resistance from previous bearish structures.

The next 24 hours could see GPSUSDT testing the 0.01360–0.01370 range as a potential short-term support, with a possible bounce back to 0.01400–0.01420 if the RSI continues to suggest oversold conditions. However, a further breakdown below 0.01360 may accelerate the downward trend. Investors should monitor volume and price action around 0.01388–0.01400 for signs of a reversal or continuation.