Market Overview for Gains Network/Tether (GNSUSDT) on 2025-10-26

• GNSUSDT surged 5.2% over 24 hours amid strong volume and bullish price action.
• Price formed a bullish engulfing pattern near 1.426, signaling short-term bullish momentum.
• Volatility expanded after 19:00 ET, with volume peaking at 3,924.85 at 10:00 ET.
• RSI reached 65 at 09:45 ET, hinting at overbought conditions without immediate reversal.
• Bollinger Bands tightened between 02:30–03:30 ET, followed by a sharp breakout to 1.475.

Gains Network/Tether (GNSUSDT) opened at 1.425 on 2025-10-25 at 12:00 ET and closed at 1.474 as of 12:00 ET on 2025-10-26. The 24-hour high reached 1.475 and low dropped to 1.416, with total volume of 58,542.05 and notional turnover of approximately $58,542 (assuming $1 USDT value). The price trend was decisively bullish over the last 24 hours.

Structure & Formations

Price action on GNSUSDT showed a clear bullish bias throughout the day, with a key resistance forming around 1.473–1.475, which was tested and held twice. A bullish engulfing pattern formed at 1.426 (19:15–19:30 ET), followed by a strong break higher. A small bearish doji appeared briefly at 1.468 (12:00 ET) but failed to reverse the trend. Key support levels at 1.446 and 1.426 held through multiple tests, suggesting strong buyer interest. The move from 1.426 to 1.475 was marked by a strong impulse and lack of consolidation, indicating a powerful upward thrust.

Moving Averages

On the 15-minute chart, the 20-period MA moved from 1.426 to 1.454, crossing above the 50-period MA, forming a golden cross and signaling a bullish bias. The 50-period MA followed suit, closing at 1.456 by the end of the 24-hour window. On the daily chart, the 50-period MA sat at 1.435, with the 200-period MA at 1.418, suggesting the price is well above its long-term trend, reinforcing the strength of the rally.

MACD & RSI

The MACD line remained above the signal line throughout the morning and afternoon, with positive momentum peaking at 10:00 ET. A bearish divergence appeared briefly at 03:15 ET when RSI hit 65 and momentum weakened, but it was quickly negated by the continued rally. RSI reached 68 at 11:45 ET, indicating overbought conditions, though a reversal did not occur. The oscillator showed sustained momentum, particularly between 09:15–11:45 ET, when it climbed from 59 to 68.

Bollinger Bands

Volatility expanded significantly after 19:00 ET, with the upper band reaching 1.473 and the lower band dropping to 1.446 by 04:15 ET. A tightening of bands occurred between 02:30–03:30 ET, which was followed by a breakout to 1.475. Price remained within the upper band for most of the session, suggesting continued bullish momentum and a lack of immediate top-side pressure.

Volume & Turnover

Volume spiked to 3,924.85 at 10:00 ET, coinciding with the price reaching a daily high of 1.475. Turnover was concentrated between 09:45–11:45 ET, with the largest block at 1.468–1.475. Volume confirmed the price move, with no divergences observed during the rally. A sharp drop in volume occurred after 14:15 ET, which may signal a potential pause in the momentum.

Fibonacci Retracements

Applying Fibonacci levels to the 1.426–1.475 swing, the 61.8% retracement level is at 1.456, which was briefly tested but not breached. The 38.2% level at 1.449 served as support in the morning before the price surged again. Daily-level retracements showed the 50% level at 1.421, which held as support during the early morning. Price is currently near the 78.6% level, indicating potential for a pullback or consolidation.

Backtest Hypothesis

Despite the clear bullish momentum and strong volume confirmation, a backtest strategy for GNSUSDT could face challenges due to the missing MACD data. MACD is a core component of momentum and trend-following strategies, and its absence could distort backtesting results. One potential approach is to use a proxy ticker for GNS or a different USDT pair if the symbol is misaligned. A shorter data window could also improve data reliability while isolating the key rally phase. Once the data feed is stabilized, a strategy based on 20/50 MA crossovers combined with RSI and volume confirmation could be tested for potential buy/sell signals.