Market Overview: Gains Network/Tether (GNSUSDT) — October 4, 2025

• GNSUSDT traded in a 24-hour range of $1.845–$1.911, closing near the lower end amid bearish momentum.
• Key resistance around $1.900 and support near $1.865 were tested multiple times with mixed outcomes.
• Volatility expanded overnight, with a high of $1.911 at 19:45 ET and a pullback to $1.864 by 15:45 ET.
• Notional turnover spiked $5.6M–$6.9M at 17:30 and 21:45 ET, aligning with price declines.
• MACD remained bearish with negative divergence, while RSI entered oversold territory near $1.850, suggesting potential for a rebound.

Gains Network/Tether (GNSUSDT) opened at $1.875 on October 3, 2025, at 12:00 ET, and traded as high as $1.911 by 19:45 ET before closing at $1.864 on October 4, 2025, at 12:00 ET. The 24-hour trading session saw a total volume of 114,693.99 and notional turnover of $210,119.48, reflecting moderate liquidity and a bearish price trend.

Structure & Formations

GNSUSDT exhibited a bearish consolidation pattern over the past 24 hours, forming multiple bearish candlestick formations such as gravity tails, engulfing patterns, and hanging man signals—most notably during the 17:30–18:30 ET and 21:45–22:45 ET sessions. Key support levels were identified at $1.865 and $1.850, both of which were tested twice with mixed responses. Resistance clusters emerged near $1.890 and $1.905, with several failed attempts to break above the $1.900 threshold.

Moving Averages

On the 15-minute chart, price action remained below the 20-period and 50-period SMAs for most of the 24-hour period, with only brief crossovers during the 18:30–19:30 ET session. On the daily timeframe, the price closed below both the 50 and 100-period SMAs, maintaining a bearish alignment with the 200-period SMA. This suggests a continuation of bearish sentiment for near-term traders.

MACD & RSI

The MACD histogram remained in negative territory for most of the session, with a bearish crossover observed at 17:30 ET. The RSI dipped into oversold territory below 30 during the 15:45–16:00 ET session, which may suggest a short-term rebound could be in the cards if the price tests support at $1.850 again. However, bearish divergence in the MACD and RSI lines during the 11:45–12:00 ET session suggests caution is warranted for bullish bets.

Bollinger Bands

Volatility expanded significantly overnight, with the Bollinger Bands widening from a range of ~$0.02 to ~$0.06. The price touched the lower band twice—once at $1.865 and again at $1.850, the latter being a significant oversold level. These interactions suggest a potential for a rebound, though the price may remain range-bound until a clear breakout above the $1.900 resistance level is confirmed.

Volume & Turnover

Trading volume remained elevated during bearish price moves, particularly around $1.900–$1.860, with notional turnover spiking above $5.6M at 17:30 ET and again at $6.9M at 21:45 ET. This volume confirmed the bearish pressure and suggested strong participation in the downside. A divergence between volume and price was observed during the 19:30–20:30 ET session, where price declined while volume dropped, suggesting a potential exhaustion of short-term bearish momentum.

Fibonacci Retracements

Key Fibonacci retracement levels on the 15-minute chart included 61.8% at $1.887 and 38.2% at $1.900, both of which were tested multiple times without a breakout. On the daily chart, the 61.8% retracement level aligns with $1.895, which appears to have acted as a short-term ceiling for the past few days. A breakdown below $1.865 would confirm a deeper 78.6% retracement target of $1.838, but this scenario is currently low probability unless volatility spikes.

Backtest Hypothesis

Given the bearish momentum and confirmed resistance at key Fibonacci and moving average levels, a potential backtesting strategy would involve shorting on the retest of $1.900–$1.905, with a stop-loss above $1.915 and a target at $1.860–$1.850. This setup would aim to capitalize on the confirmed bearish bias and the failure to break above $1.900, supported by MACD and RSI bearish divergence. The high-volume pullbacks observed suggest strong participation from bears, increasing the likelihood of success for such a strategy.