GoPlus Security/Tether Market Overview

Summary
• GPSUSDT opened at 0.00642, reached 0.00699, and closed at 0.00698 on 2025-11-09 at 12:00 ET.
• Notable volatility emerged after 17:00 ET as price surged 8.7% on increased volume.
• Daily low of 0.00626 on 2025-11-09 was followed by a strong recovery, indicating short-covering.
• 24-hour volume hit 18.86 million, while turnover reached ~$131,477.

The GoPlus Security/Tether (GPSUSDT) pair opened at 0.00642 on 2025-11-08 at 12:00 ET and closed at 0.00698 on the same timestamp one day later. During this period, the pair surged as high as 0.00699 and fell to a low of 0.00626. The 24-hour trading volume amounted to ~18.86 million, and the total turnover reached approximately $131,477, indicating a mixed mix of liquidity and participation from both retail and institutional players.

Structure & Formations

The price action displayed several key levels and candlestick formations over the 24-hour period. A strong bearish engulfing pattern appeared around 02:30 ET on 2025-11-09, signaling a potential shift in sentiment. This was followed by a large bullish candle at 17:00 ET on the same day, forming an Inverted Hammer pattern, which suggests a potential reversal from the intraday low. The pair also formed multiple doji, particularly around 00:00 and 01:30 ET, indicating indecision and potential support/resistance consolidation. Notable support levels include 0.00626 and 0.00642, while resistance is forming at 0.00646 and 0.00658.

Moving Averages

On the 15-minute chart, the 20-period MA briefly crossed above the 50-period MA in the afternoon of 2025-11-09, signaling a short-term bullish bias. This “golden cross” occurred near 14:30 ET and aligned with the Inverted Hammer formation. However, the 50-period MA remained above the 20-period MA for much of the day, indicating that the broader trend remained neutral to slightly bearish. On the daily timeframe, the 50-period MA crossed below the 200-period MA earlier in the week, suggesting a longer-term bearish bias, though the recent rally may have begun to challenge this.

MACD & RSI

The MACD line crossed above the signal line around 16:00 ET, signaling a short-term bullish momentum phase. The histogram expanded during this period, suggesting increasing buying pressure. The RSI reached oversold territory at 02:30 ET (~28.5) and later moved into overbought territory at 17:00 ET (~72.8), confirming the reversal pattern. While the RSI is currently neutral (~57), it suggests balanced buying and selling pressure.

Bollinger Bands

Volatility expanded significantly during the late afternoon and early evening hours on 2025-11-09, with the Bollinger Bands widening to accommodate the sharp price movement. The price closed near the upper band at 17:00 ET, indicating strong bullish momentum at that time. Prior to this, the price remained within the bands but touched the lower band around 02:30 ET, confirming the earlier bearish pressure. The expansion of the bands suggests increasing market participation and potential for further consolidation or breakout.

Volume & Turnover

Volume spiked to over 18.86 million at 17:00 ET on 2025-11-09, accompanied by a corresponding rise in turnover to ~$131,477. This suggests strong conviction in the bullish move. Earlier in the session, a volume spike of ~9.5 million at 02:30 ET coincided with the bearish engulfing candle, indicating significant shorting activity. The divergence between the bearish volume spike and the later bullish one highlights a battle between short-sellers and long-buyers. The overall trend in volume suggests that large players are becoming more active, with potential implications for future price behavior.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing low of 0.00626 and high of 0.00699, the current price of 0.00698 aligns closely with the 78.6% retracement level. The 61.8% retracement is at 0.00670, and this level may serve as a potential support zone in the event of a pullback. On the daily chart, the Fibonacci retracement levels between 0.00623 (low) and 0.00656 (high) indicate key levels to watch for near-term resistance and support, particularly at 0.00642 and 0.00646, which appear to be acting as pivot points.

Backtest Hypothesis

A potential backtesting strategy for GPSUSDT could focus on the Inverted Hammer pattern observed at 17:00 ET on 2025-11-09. Given that this candle followed a strong bearish move and was accompanied by a significant increase in volume and turnover, it represents a high-probability reversal signal. A one-day holding rule could be applied to test if the price would close above the close of the Inverted Hammer, signaling a bullish breakout. This approach would be compared with a benchmark strategy of holding the position (HOLD.P) to assess performance over a similar time frame. The results of this backtest could inform whether such a pattern is a reliable entry point for traders seeking short-term momentum plays on GPSUSDT.