Summary
• Price action formed a bearish engulfing pattern at 0.00481–0.00479, followed by consolidation near 0.00476–0.00478.
• Volume spiked during the 17:30–19:00 ET session, but price failed to follow through above 0.00481.
• RSI shows moderate momentum, while Bollinger Bands indicate tightening volatility.
• Key 5-minute support at 0.00476–0.00477 and resistance at 0.00481–0.00482 remain relevant.
GoPlus Security/Tether (GPSUSDT) opened at 0.00478 on 2025-12-23 12:00 ET, reached a high of 0.00482, and closed at 0.00478 by 12:00 ET on 2025-12-24. The low for the period was 0.00470. Total volume for the 24-hour period was 67,419,184.4 USDT, with a notional turnover of approximately 318,077.0 USDT.
Structure & Formations
A bearish engulfing pattern formed at 0.00481–0.00479 during the 21:00–21:15 ET session, signaling potential bearish bias. Price then consolidated between 0.00476 and 0.00478 for the remainder of the day. A small doji appeared at 0.00476 during the 03:30–03:45 ET session, suggesting indecision near key support.
Moving Averages and Momentum
On the 5-minute chart, price traded below the 20-period and 50-period moving averages, indicating bearish momentum. MACD showed a weak crossover into negative territory, with RSI hovering near 50, suggesting a lack of overbought or oversold conditions. Daily moving averages (50/100/200) were not available in the 5-minute dataset but could confirm a longer-term sideways trend if aligned.
Volatility and Bollinger Bands
Bollinger Bands tightened during the 04:00–05:00 ET session, indicating low volatility and a potential breakout attempt. Price closed near the middle band, suggesting no strong directional bias. Volatility expansion occurred between 17:30–19:00 ET with above-average volume but failed to break through key resistance.
Volume and Turnover
The highest volume spike occurred during the 17:30–18:00 ET session with 11,430,053.799 USDT traded, while turnover peaked at 53,652.8 USDT. Volume declined after 01:30 ET, coinciding with the narrowing of price action. Divergence between volume and price was not evident, but confirmation of a breakout attempt is pending.
Fibonacci Retracements
On the 5-minute chart, recent swings from 0.00482 to 0.00476 aligned with key Fibonacci levels at 0.00479 (38.2%) and 0.00475 (61.8%). Price has shown consolidation near 0.00476–0.00478, suggesting a possible retest of these levels or a break above 0.00481 in the near term.
Price may test 0.00475 as a key support level or attempt a breakout above 0.00481. Investors should remain cautious as a breakout or breakdown could trigger a wider move, with potential for increased volatility in the next 24 hours.
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