Market Overview for GoPlus Security/Tether (GPSUSDT) on 2025-09-25

• GPSUSDT opened at 0.0114 and traded between 0.01043 and 0.01158 before closing at 0.01078.
• A bearish trend continued through the session with key support tested around 0.01075–0.01065.
• Volume spiked during the early hours of the morning, but price failed to confirm bullish momentum.
• RSI signaled oversold conditions twice during the day, failing to produce a strong reversal.
• Bollinger Bands show tightening volatility near the close, suggesting potential for a breakout.

The 24-hour candle for GoPlus Security/Tether (GPSUSDT) opened at 0.0114 at 12:00 ET−1 and closed at 0.01078 at 12:00 ET today. The pair reached a high of 0.01158 and a low of 0.01043, reflecting a sustained bearish bias. The total volume traded over the 24-hour window was approximately 119,221,000.3999999 units, with a notional turnover of 1,289.69486 USD. Price action has remained below its 20- and 50-period moving averages, reinforcing a downtrend in the 15-minute timeframe.

On the 15-minute chart, the price tested several key levels of support and resistance throughout the session. A bearish engulfing pattern emerged near the 0.01126–0.01131 level on the morning of 2025-09-24, which confirmed a bearish continuation. Further down, a significant support cluster between 0.01075–0.01065 was tested multiple times, with the most recent rejection occurring at 0.01075 on the 15-minute candle at 12:30 ET. A potential continuation pattern is forming, suggesting that the price could break below this level if liquidity is weak. Notable bearish divergence in volume was observed around 03:00–04:00 ET, with price falling while volume remained moderate.

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The RSI (14) for GPSUSDT spent most of the session below 50, indicating a lack of bullish momentum. It reached oversold territory twice—first at 0.01076 (around 06:45 ET) and again at 0.01053 (12:30 ET)—but failed to produce a convincing rebound. MACD (12, 26, 9) stayed negative throughout the session, with the signal line tracking below the histogram, reinforcing the bearish tone. The histogram has shown a gradual narrowing in the latter half of the session, suggesting a potential slowdown in the bearish impulse. Meanwhile, Bollinger Bands constricted in the final hours, with the price hovering just above the lower band—suggesting possible consolidation ahead of a directional move.

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The 50-period moving average on the 15-minute chart currently sits at approximately 0.01093, and the 20-period MA at 0.01086, both below the price. On the daily chart, the 50- and 200-period moving averages are at 0.01117 and 0.01129 respectively, with the price firmly below both. Fibonacci retracement levels from the recent swing high (0.01158) to the swing low (0.01043) show key levels at 0.01098 (38.2%), 0.01075 (50%), and 0.01052 (61.8%). Price action has repeatedly tested the 50% retracement level, suggesting it could either hold as support or break decisively lower.

Backtest Hypothesis

The backtest strategy for GPSUSDT involves a combination of RSI and moving average signals to identify potential short-term reversals in a bearish trend. Specifically, the strategy triggers a short entry when the RSI (14) drops below 30 while the price is below its 50-period moving average and the 20-period MA is sloping downward. A stop-loss is placed above the most recent swing high, while a take-profit is set at the 61.8% Fibonacci level. This approach could help identify short-term bearish setups with clear risk and reward parameters, especially in a consolidating range as seen in the final hours of the session. The current price proximity to key Fibonacci levels and the weakening bearish momentum suggest this strategy could find favorable conditions in the near term.

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