Market Overview for Gains Network/Tether (GNSUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 9:52 am ET1min read
GNS
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Aime RobotAime Summary

- GNSUSDT price failed to break above 1.092, forming a bearish engulfing pattern with high-volume reversal.

- RSI showed overbought conditions early but declined, while 20/50 MA crossover confirmed weakening bullish momentum.

- Key support at 1.08-1.076 and resistance near 1.09-1.095 identified, with Fibonacci levels suggesting further downside potential.

- Volume spikes during failed breakouts reinforced bearish sentiment, aligning with price pullbacks below critical Fibonacci retracements.

Summary
• Price action showed bearish momentum after a failed bullish breakout attempt near 1.095.
• Volatility expanded with increased volume clustering between 1.08 and 1.092.
• RSI signaled overbought conditions in the morning but drifted downward by close.
• A bearish engulfing pattern formed near 1.092–1.085 on high volume.
• Key support appears near 1.08 and 1.076; resistance is likely at 1.09–1.095 in the short term.

Gains Network/Tether (GNSUSDT) opened at 1.081, reached a high of 1.097, and a low of 1.076, closing at 1.091 by 12:00 ET. Total volume was 98,883.73, with notional turnover of $104,909.11 over 24 hours.

Structure & Formations


Price tested multiple levels of resistance, with the most recent break near 1.092 failing due to a bearish engulfing pattern and a sharp reversal in volume. A bearish divergence emerged in the afternoon, especially after the 1.097 high. Support levels are likely forming around 1.08 and 1.076, with a potential consolidation zone between those levels.

Moving Averages and MACD


On the 5-minute chart, the 20- and 50-period moving averages crossed bearishly as the session progressed, with MACD lines reflecting a weakening bullish momentum. The daily chart shows a flattening 50-period MA, indicating the market could be testing its longer-term direction.

RSI and Bollinger Bands


Relative Strength Index reached overbought levels in the early morning but failed to sustain, signaling a potential reversal. Price remained within the Bollinger Bands but showed signs of volatility expansion, particularly in the 1.08–1.09 range.

Volume and Turnover


Volumes spiked during the failed breakout near 1.092–1.097 and again after 05:00 ET, coinciding with price pullbacks. Turnover aligned with volume trends, showing no divergence, which suggests a coherent bearish narrative was reinforced by sellers.

Fibonacci Retracements


A key 61.8% Fibonacci retracement level appeared around 1.083–1.086, which price briefly held before falling further. The 1.076–1.08 range is now likely the next target if bearish sentiment persists.

GNSUSDT appears to be consolidating within a bearish structure, with sellers stepping in near key Fibonacci and support levels. Price could test 1.076 in the next 24 hours, but a rebound above 1.095 may signal a temporary reversal. Investors should monitor volume for confirmation of any reversal attempt.