GoPlus Security Market Overview

• GPSUSDT fell 6.5% over 24 hours, breaking below key support at 0.01638 after a 15-minute bearish engulfing pattern.
• Volatility expanded in the second half of the session, with volume surging to 31.4M contracts during a sharp selloff below 0.01569.
• RSI hit oversold territory near 28, while MACD turned negative with bearish divergence, signaling potential for further downside.
• Bollinger Bands widened significantly after 08:00 ET, confirming a breakdown in range-bound trading and renewed trend momentum.
• Fibonacci retracements show 0.0154–0.0156 as next critical support, with a potential 10% rebound scenario if buyers step in.

GoPlus Security (GPSUSDT) opened at 0.01685 on 2025-08-11 12:00 ET and closed at 0.0154 on 2025-08-12 12:00 ET, with a high of 0.01711 and a low of 0.01481. The 24-hour trading session saw a total volume of 99,526,705.0 contracts and a notional turnover of approximately $1,581,625.5.

The price trend shifted decisively lower after 08:45 ET, with a sharp breakdown from the 0.01638 support level, confirmed by a large bearish engulfing pattern. This breakdown came after a period of range-bound trading within narrowing Bollinger Bands, a classic precursor to a breakout. The subsequent expansion in volatility and volume confirmed the bearish momentum. The 20- and 50-period moving averages on the 15-minute chart crossed below price, reinforcing the downtrend.

MACD turned negative with bearish divergence during the decline, and RSI crossed into oversold territory near 28, suggesting potential for a short-term bounce or consolidation. However, the absence of a strong rebound above the 0.01569 level implies that sellers are still in control. On the Fibonacci retracement scale, the 0.0154–0.0156 range marks the 61.8% level of the prior bearish move, offering a critical support zone to watch.

Volume spiked dramatically in the 08:45–09:15 ET window, with nearly 31.4M contracts traded during the breakdown below 0.01569. This suggests strong conviction among sellers, though the subsequent drop in turnover after 09:15 ET may hint at a temporary loss of selling momentum or exhaustion.

In the next 24 hours, a rebound above 0.01569 could invite short-covering and buyers, but failure to hold above 0.0154 may see GPSUSDT test the next Fibonacci level at 0.01514. Investors should remain cautious and watch for divergence in momentum indicators before taking long positions.