GoPlus Security/Tether (GPSUSDT) Market Overview for 2025-09-22

• GPSUSDT declined 16.4% over 24 hours, closing near intraday low of 0.01074
• Volatility surged mid-day with 4.5% intra-15min drops, indicating strong bear pressure
• Turnover spiked 15× during the 06:15 ET selloff, showing large-scale profit-taking or liquidation
• RSI reached oversold levels below 30, suggesting potential near-term reversal or consolidation
• Bollinger Bands widened significantly during the sharp declines, highlighting heightened risk

GoPlus Security/Tether (GPSUSDT) opened at 0.01308 on 2025-09-21 at 12:00 ET and closed at 0.01074 the following day at 12:00 ET. The pair reached an intraday high of 0.01314 and a low of 0.01025. Total volume for the 24-hour period was approximately 65,253,582.6, while notional turnover amounted to around 700,100 USD, factoring in average trade size and price movements.

Structure & Formations

Price action over the past 24 hours was dominated by a sharp bearish breakdown from a prior consolidation range near 0.0130–0.0131. The initial bearish trigger occurred around 06:15 ET, with a massive sell-off driving price down 6.6% in a single 15-minute candle. This breakdown was confirmed by a long-tailed bearish candle with a near-tail-to-close formation, indicating significant distribution or panic selling. Subsequently, price continued to retest key support levels, notably at 0.01114 (psychological level) and 0.01074, the latter now appearing as a potential short-term floor. A bullish engulfing pattern may be forming near 0.01074–0.0108 if buyers manage to close above this zone in the next 24 hours.

Moving Averages

Short-term 15-minute moving averages (20/50) are currently bearish, with the 50-period line well below the 20-period. This confirms the recent bearish bias. On the daily chart, the 50-period MA is at 0.01250, while the 100-period MA is at 0.01300, suggesting price is in oversold territory relative to its longer-term trend. If the price closes above 0.0110, it could see a temporary bounce toward the 50-period MA as a potential reentry zone for short-term traders.

MACD & RSI

The 15-minute MACD histogram has been negative and expanding since 06:15 ET, signaling sustained bearish momentum. The RSI reached oversold territory (~25) during the selloff, indicating the market may be due for a countertrend bounce. However, a close above 0.0109 would be required to confirm such a reversal. The daily RSI is also near oversold levels, suggesting a potential short-term rebound, but caution is warranted as bearish sentiment appears strong.

Bollinger Bands

Volatility expanded significantly during the 6:15–7:15 ET selloff, with price dropping outside the lower band by nearly 4.5% in a single candle. This expansion suggests increased market uncertainty and potential for further mean reversion. Price has since remained within the lower half of the bands, which may signal a period of consolidation or a possible reversal if it reclaims the middle band (~0.0114–0.0115).

Volume & Turnover

Volume spiked dramatically at 06:15 ET with a 15-minute candle printing 49,366,060.5 volume units — over 15× the average 15-minute volume. This was accompanied by a 94% drop in price to 0.01114. The high volume paired with a large negative price swing suggests either a forced liquidation or large-scale profit-taking by short-term traders. Since then, volume has remained moderate, with no signs of accumulation from large buyers. A reversal with increasing volume may indicate a short-covering rally or long accumulation.

Fibonacci Retracements

Applying Fibonacci to the most recent 15-minute bearish swing (0.0128–0.01025), key retracement levels at 38.2% (~0.01155) and 61.8% (~0.01095) are currently being tested or approached. On the daily timeframe, the 61.8% retracement level from the recent 0.01314 high to the 0.01025 low is at 0.01156, which may serve as a near-term psychological barrier for buyers.

Backtest Hypothesis

The proposed backtesting strategy involves entering a short position on GPSUSDT when the 15-minute RSI dips below 30 and the 50-period MA crosses below the 20-period MA, confirming a bearish bias. A stop-loss is placed above the nearest resistance level (e.g., 0.01096), and a take-profit target is set at 38.2% of the retracement from the most recent swing high to low. This strategy is best tested over multiple volatile 15-minute sessions where momentum shifts are frequent. Given the current bearish momentum and oversold condition, the next 24 hours may provide a suitable opportunity for this setup to be tested, though the wide Bollinger Bands suggest caution around unexpected volatility.