Market Overview for Gains Network/Tether (GNSUSDT) – December 29, 2025

Summary
• Price formed a bullish engulfing pattern at 1.104–1.114 during early morning ET.
• MACD crossed above zero, suggesting short-term bullish momentum.
• Volume spiked to 7,406.56 at 03:45 ET with strong confirmation of higher close.
• RSI reached overbought territory briefly near 70, signaling potential pullback.
• Price remained within Bollinger Band midline (1.116–1.121) most of the day.

GNSUSDT opened at 1.106 on December 28, 2025 at 12:00 ET, and closed at 1.109 on December 29, 2025 at 12:00 ET. The pair reached a high of 1.126 and a low of 1.104 over the 24-hour window. Total volume traded was 74,065.56 with a notional turnover of 82,741.70.

Structure & Candlestick Patterns

A bullish engulfing pattern formed between 00:15 and 00:30 ET (1.104–1.108), followed by a strong upward thrust to 1.126 near the 06:00–06:45 ET period. A long-bodied candle with a 0.003 high-low range at 03:45 ET (1.118–1.121) confirmed accumulation. A potential bearish reversal doji appeared at 12:15 ET (1.104), signaling caution as price pulled back into the 1.104–1.109 range by the close.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart crossed into a bullish alignment by mid-morning, supporting the rally. The MACD histogram crossed above the zero line at 01:45 ET and remained positive until 08:00 ET, highlighting strong momentum. RSI pushed into overbought levels above 70 during the 05:45–06:45 ET period, suggesting possible consolidation or a pullback.

Volatility and Volume Analysis

Bollinger Bands showed a moderate expansion as price moved from the lower band (1.104) to the upper band (1.126). Volume surged at 03:45 ET (7,406.56), aligning with a breakout to 1.121, and again at 06:30–06:45 ET (3,281.48), supporting the bullish bias. However, volume waned as price retested key support at 1.109 in the final hour, suggesting a possible exhaustion of buying pressure.

Fibonacci Retracements

The 1.104–1.126 swing saw price retrace to 61.8% at 1.115–1.116 during the afternoon, before pulling back to the 1.109 level by the close. A 38.2% retracement at 1.119 acted as a minor resistance during the morning rally. The 1.104 level appears to be a strong support zone, likely to hold in the short term.

Over the next 24 hours, price may test the 1.119–1.121 level again if buyers re-enter, but a retest of 1.104–1.106 could occur if momentum fails. Investors should remain cautious of potential overbought conditions and watch for volume divergence on any further rallies.