GPSUSDT Breaks Down After Midnight Surge Fails to Hold

Summary
• Price declined from 0.00966 to 0.00942, forming a bearish engulfing pattern near the high.
• RSI and MACD both showed weakening momentum with bearish divergence.
• Bollinger Bands widened after a contraction, suggesting rising volatility.
• Volume spiked during the 2–5 AM ET session, coinciding with price breakdown.
• Key support appears to be forming near 0.00937–0.00942.

GoPlus Security/Tether (GPSUSDT) opened at 0.00966 on 2026-02-06 at 12:00 ET and closed at 0.00942 on 2026-02-07 at 12:00 ET, with a high of 0.00979 and a low of 0.00913. Total volume was 114.8 million, and turnover amounted to 1.07 million.

Structure & Formations

Price declined from the 0.00979 high to form a bearish engulfing candle at 0.00954 and later a bearish pin at 0.00942. Key support is emerging around 0.00937–0.00942, where the asset appears to be consolidating.

Moving Averages

Short-term 20- and 50-period 5-min moving averages are below price, confirming a downtrend. Daily 50/100/200 MA lines are not currently relevant for near-term direction.

MACD & RSI

The RSI shows bearish divergence with price as it dipped to 29, indicating oversold territory. MACD is negative and declining, suggesting weakening bullish momentum.

Bollinger Bands

Price broke out of a narrow Bollinger Band contraction around 0.0095–0.0096 and has since traded down to the lower band at 0.00935–0.00942, indicating heightened volatility.

Volume & Turnover

Trading volume and turnover spiked between 2–5 AM ET, particularly at 03:00 ET when price surged to 0.00963. However, the rally failed to hold, suggesting potential selling pressure.

Fibonacci Retracements

Fib levels from the 0.00966–0.00913 move show key levels at 0.00943 (38.2%) and 0.00930 (61.8%). The asset appears to be finding support near the 38.2% retracement.

In the next 24 hours, GPSUSDT may test the 0.00930–0.00935 level for further support. While the RSI is in oversold territory, a rebound could be short-lived if bearish momentum persists. Investors should remain cautious of potential follow-through selling.