Market Overview for Gains Network/Tether (GNSUSDT) – October 23, 2025

• Price closed down 0.94% after a failed bullish breakout attempt above 1.410.
• Volatility expanded during the early morning hours before consolidating midday.
• 1.395–1.402 is the key range amid declining volume in the last 6 hours.
• RSI (14) and MACD neutral but hint at potential short-term bearish momentum.
• Bollinger Bands show a narrowing range after a 2-hour expansion.

GNSUSDT opened at 1.401 on October 22 at 12:00 ET, reached a high of 1.435, and closed at 1.405 by 12:00 ET on October 23. The price experienced a significant intraday swing, dropping sharply from 1.435 to 1.370 before settling into a 1.385–1.410 range for the final 8 hours. Total volume for the 24-hour period was 197,182.98, with turnover of approximately $287,550, based on average trade size and price action.

The price structure shows a distinct bearish exhaustion pattern in the late afternoon session as it pulled back from 1.435 to 1.370, forming a large bearish harami followed by a bearish engulfing pattern. Key support levels are visible at 1.395 and 1.385, while resistance sits at 1.402 and 1.410. The 20-period and 50-period moving averages on the 15-minute chart show a bullish crossover early in the session, but the 50-period MA has since moved below the 20-period MA, signaling bearish momentum.

On the MACD (12, 26, 9), the line crossed below the signal line early in the morning, indicating a shift to bearish territory. RSI (14) fluctuated between 45 and 55, lacking a clear overbought or oversold signal, but showing signs of bearish momentum during the 2–6 AM ET window. Bollinger Bands expanded during the early morning hours and have since narrowed, suggesting a potential breakout attempt in the near term.

Volume spiked sharply around 17:15–17:30 ET when the price reached 1.435 but declined afterward, with volume dropping below 5,000 units by the final 6 hours of the 24-hour window. This divergence between price and volume suggests a weakening of the bullish thesis. The notional turnover also declined after the 1.435 high, further indicating reduced buying pressure. Notably, the price closed back into the 1.395–1.402 consolidation range, which may form a key base for near-term activity.

Backtest Hypothesis

The technical analysis suggests that momentum indicators, specifically MACD and RSI, may be used to identify potential short-term entry points for a 7-day hold strategy. Given the divergence between price and volume in the final 6 hours and the bearish engulfing pattern, a backtest could evaluate the effectiveness of shorting near 1.402–1.405 if RSI enters overbought territory (above 65) and MACD turns negative. Alternatively, a bullish entry could be considered near 1.395 if RSI reaches oversold territory (below 35) and price breaks out of the consolidation range. To proceed, we require confirmation of the ticker symbol or the provision of OHLCV data to calculate RSI locally.