Market Overview for GoPlus Security (GPSUSDT)

Summary
• GPSUSDT opened at 0.02366 and closed at 0.02354 after a volatile 24-hour session.
• Price tested key resistance at 0.024 and support at 0.0235, forming mixed candlestick patterns.
• RSI approached overbought and oversold levels, indicating potential momentum shifts.
• Bollinger Bands showed volatility expansion, suggesting increased market uncertainty.
• Volume spiked during the decline below 0.0237, hinting at potential bearish pressure.

GoPlus Security (GPSUSDT) opened at 0.02366 on July 18, 2025 at 12:00 ET, reached a high of 0.02404, and closed at 0.02354 on July 19 at 12:00 ET. The 24-hour period saw total trading volume of 14,822,813.8 USDT and notional turnover of $351,781.66.

Structure & Formations

The 15-minute chart shows a key resistance cluster around 0.024, where price stalled multiple times. A bearish engulfing pattern formed on July 18 at 19:00 ET, signaling a shift in sentiment. Later, a doji appeared near 0.0235, hinting at indecision. A descending triangle structure is forming, with the lower boundary now in play around 0.0235.

Moving Averages

On the 15-minute chart, price has been fluctuating above and below the 20-period moving average, indicating no clear short-term trend. The 50-period line is slightly bearish, with price dipping below it on several occasions. On the daily chart, the 50-period MA is at 0.02375, and the 200-period MA at 0.02365, suggesting a neutral to slightly bullish setup for the longer term.

MACD & RSI

The MACD line crossed below the signal line around 19:00 ET, reinforcing bearish momentum. RSI dipped into oversold territory at 28 during the session’s low, suggesting potential short-term support. However, the RSI also briefly entered overbought at 72 during the morning rally, showing mixed momentum signals.

Bollinger Bands

Volatility expanded significantly as price moved between 0.0235 and 0.02404, with the bands widening. Price has spent most of the session near the lower band, indicating bearish pressure. A breakout above the upper band could signal renewed bullish momentum, but this appears unlikely in the short term.

Volume & Turnover

Volume spiked during the sharp decline below 0.0237, particularly on the bearish engulfing candle. Notional turnover also increased, confirming the move. However, volume during the recovery attempts was relatively weak, suggesting limited buying interest. This divergence between volume and price could indicate a potential reversal, but confirmation is still pending.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.02354 to 0.02404, key levels are at 0.02376 (38.2%) and 0.02364 (61.8%). Price tested both levels during the session, with the 61.8% level currently acting as support. On the daily chart, a larger swing from 0.02322 to 0.02404 suggests potential support at 0.02347 (61.8%), which may hold in the near term.

In the next 24 hours, GPSUSDT may test the 0.0235 support level, with a potential bounce toward 0.0237–0.0238 if buyers emerge. However, a break below 0.0235 could accelerate the decline toward 0.02322. Traders should remain cautious as volatility remains elevated and momentum indicators suggest uncertainty in market direction.