Market Overview: GoPlus Security/Tether (GPSUSDT) on 2025-09-20

• GPSUSDT traded in a tight range for most of the session before a late rebound lifted price toward 0.01297 by 12:15 ET.
• Key support tested near 0.01246–0.01236, with strong rejection visible in candlestick bodies and volume spikes.
• Volatility expanded in the last 6 hours, with the largest 15-min volume spike at 04:15 ET during a sharp 0.01266 → 0.01247 decline.
• RSI reached oversold territory twice, suggesting potential for a near-term bounce, though bearish divergence remains in place.
• Bollinger Bands tightened just before a large volume-driven break lower, signaling a potential reversal setup at key Fibonacci levels.

GoPlus Security/Tether (GPSUSDT) opened at 0.01281 on 2025-09-19 at 12:00 ET and traded as low as 0.01236 before closing at 0.01264 on 2025-09-20 at 12:00 ET. Price action saw a late 15-minute rally to 0.01297, with total volume of 51.7 million and turnover of $657,500 over the 24-hour window. A clear shift in momentum is emerging amid tightening support clusters and diverging bearish RSI behavior.

Structure & Formations

Price action on GPSUSDT formed a key support cluster between 0.01246 and 0.01236, which was tested and rejected multiple times during the session. A long lower shadow candle at 0.01250–0.01264 suggested buyers emerged in defense of the 0.01246 level. In contrast, a bearish engulfing pattern was visible at 0.01266–0.01247 during a large-volume 15-minute interval. This formation, combined with a Doji at 0.01250, suggests indecision and possible short-term reversal. A bullish reversal may occur if price holds above 0.01256, which marks a Fibonacci 38.2% retracement of the recent decline.

Moving Averages

The 15-minute 20- and 50-period moving averages crossed in a bullish “golden cross” during the final hour of the session, supporting a short-term rally. On the daily chart, the 50-period moving average is currently at 0.01265, aligning with the 200-period MA near 0.01261. This suggests a potential consolidation phase is underway, with price hovering near the 50/200 MA confluence. If this level holds, it could trigger renewed upward momentum in the next 24 hours.

MACD & RSI

The RSI indicator reached 27 and 29 during the early morning low, signaling potential oversold conditions. However, bearish divergence is evident as price made lower highs while RSI failed to do the same. The MACD crossed into negative territory during the decline and is now trending upward as the 15-minute rally gains steam. A bullish crossover of the MACD signal line could confirm a short-term reversal, though bearish divergence suggests caution.

Bollinger Bands

Bollinger Bands narrowed just before the sharp decline from 0.01266 to 0.01247, indicating a volatility contraction. This was followed by an expansion of the bands, with price settling just above the midline, near 0.01253. If the 0.01256–0.01260 range holds, it may represent a key breakout threshold. A retest of the lower band at 0.01246–0.01236 is expected, with a successful close above 0.01256 likely to attract renewed buying interest.

Volume & Turnover

The highest volume spike occurred during the 04:15–04:30 ET interval, where a large-volume candle moved price from 0.01266 to 0.01247. This was followed by a smaller-volume 15-minute rally, suggesting initial buying interest. Notional turnover was also highest during this 1.5-hour window, totaling over $100,000. In contrast, volume has remained below average during the late morning rally, suggesting a potential pause in momentum. Divergence between volume and price may indicate a lack of conviction in the current upward move.

Fibonacci Retracements

Applying Fibonacci levels to the 0.01297–0.01247 swing, the 38.2% retracement level is at 0.01265, where price has lingered in the final hour. The 50% level is at 0.01272, and the 61.8% level at 0.01280 are key resistance targets. A break above 0.01280 would confirm a stronger bullish bias, while a retest of the 0.01246–0.01236 support cluster could trigger a deeper pullback. The confluence of the 38.2% Fibonacci and 50-period MA is a critical zone for the next 24 hours.

Backtest Hypothesis

The described backtest strategy focuses on a breakout-based system that targets breakouts above key Fibonacci levels and confluence with moving averages. By using the 38.2% retracement level at 0.01265 and the 50-period MA as a trigger point, the strategy would have entered long at 0.01265 in the final hour of the session. A stop-loss would be placed below the 0.01246 support level, and a take-profit target would be set at the 50% Fibonacci level (0.01272). Initial analysis suggests the strategy could have captured the 0.01265–0.01276 upward move with a favorable risk-reward ratio of 1:1. However, the bearish divergence in RSI and MACD may limit the potential for a large move, making this a high-probability but moderate-reward setup.