GoPlus Security/Tether (GPSUSDT) Market Overview for 2025-11-12

• Price surged to 0.0068 before consolidating near 0.0065.
• Volatility increased with volume spiking 15x during key breakouts.
• RSI showed overbought conditions mid-day but reversed into neutral territory.
• A bearish divergence emerged between price and volume after 17:00 ET.
• Bollinger Bands contracted late evening, signaling potential breakout volatility.

GoPlus Security/Tether (GPSUSDT) opened at 0.00647 on 2025-11-11 at 12:00 ET, surged to a high of 0.0068 during the session, and closed at 0.00653 by 12:00 ET the following day. Total volume over 24 hours was 125,605,960, with turnover reaching a significant $814,835. Price action suggests increased market activity and volatility, particularly in the afternoon and evening hours.

Structure & Formations

Price action on the 15-minute chart revealed key levels of support and resistance. A strong resistance cluster formed between 0.00652 and 0.00660, with a bearish engulfing pattern emerging around 15:00 ET as price rejected higher levels. A minor support zone appeared around 0.00650, which held three times during the session. A notable doji formed at 0.00665 in the early hours, signaling indecision and a potential trend reversal. The formation of multiple consolidation ranges suggests traders are assessing the new equilibrium post-breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above the price by the morning hours, suggesting bullish momentum. However, as the price approached 0.00665, the 50-period MA acted as a resistance. On the daily chart, the 50-period MA crossed above the 200-period MA, indicating a potential long-term bullish bias. The 100-period MA, however, continued to act as a ceiling, limiting upward movement.

MACD & RSI

The MACD histogram showed a bullish divergence early in the session as price surged above the 20-period MA, but it turned bearish after 13:00 ET as price declined toward the 0.00650 level. The RSI moved into overbought territory (above 70) at 0.00665, suggesting a potential reversal. It then declined into neutral territory (30–70) by mid-afternoon, aligning with the bearish divergence in volume. A potential oversold reading (below 30) occurred near 0.00643 in the evening, hinting at a short-term bounce possibility.

Bollinger Bands

Bollinger Bands expanded significantly as price moved toward the upper band during the afternoon, indicating increased volatility and accumulation. A narrow contraction was observed between 0.00650 and 0.00654 at night, suggesting a potential breakout or breakdown in the near term. Price remained within the band throughout, but the upper band acted as a dynamic resistance, with price frequently testing it before retreating.

Volume & Turnover

Volume surged to over 15,858,663 at 0.0068, coinciding with the highest price of the day. This high-volume breakout failed to hold, and turnover dropped afterward, indicating profit-taking or lack of conviction. A bearish divergence occurred between price and volume after 17:00 ET, as price fell while volume remained steady or even declined. The largest turnover spike occurred at 0.0068, which accounted for nearly 25% of the total daily turnover.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.00643 to 0.0068, the 38.2% and 61.8% levels correspond to 0.00657 and 0.00664, respectively. These levels acted as key psychological barriers, with price showing hesitation or rejection around them. On the daily chart, a major 61.8% retracement level sits at 0.00653, which coincided with the 24-hour close. This suggests a potential consolidation point ahead of further directional movement.

Backtest Hypothesis

The recent bearish engulfing pattern observed around 15:00 ET aligns with the type of formation described in the backtesting strategy. If the correct symbol for Harbor Alpha Layering ETF is identified, a similar pattern scan could be applied to test for short-term bearish signals. A one-day short-hold strategy initiated at the close of the engulfing candle could have captured a portion of the subsequent decline. This suggests that such patterns may have predictive value in similar market conditions, though further validation is needed with the correct ticker.