Market Overview for GoPlus Security/Tether (GPSUSDT) on 2025-11-11

Summary
• GPSUSDT edged lower by 0.47% over 24 hours, closing at 0.0064.
• Volatility expanded midday with a high of 0.00671 before reversing sharply in the second half.
• Divergence between price and volume suggests mixed sentiment and potential short-term consolidation.

GoPlus Security/Tether (GPSUSDT) opened at 0.00647 on 2025-11-10 at 12:00 ET and closed at 0.0064 by the same time on 2025-11-11. The price reached a 24-hour high of 0.00671 and a low of 0.00631. Total volume traded over the period was 62,990,966.1, with a notional turnover of approximately USD 401,589.7 (assuming USD 1 = 1 Tether).

Structure and formations on the 15-minute chart show a series of bullish and bearish engulfing patterns, especially between 19:30 ET and 20:30 ET, indicating strong institutional participation. Key support levels emerged at 0.0064 and 0.00636, with price repeatedly testing these areas before rebounding. A bearish doji formed at 01:45 ET, suggesting indecision among traders around the 0.00667 level.

Moving averages on the 15-minute chart show the 20SMA and 50SMA in a bearish crossover, with the price currently below both. On the daily chart, the 50DMA and 200DMA have crossed into bearish territory, aligning with the recent trend of declining momentum. This confluence of bearish signals suggests a potential continuation of downward pressure in the near term.

The RSI indicator has oscillated between 25 and 65 over the 24-hour period, indicating mixed momentum. A brief overbought condition around 0.00671 was followed by a sharp sell-off, while the MACD histogram turned negative after 21:45 ET, signaling a bearish shift. Bollinger Bands show a recent contraction in volatility between 05:30 and 09:00 ET, followed by a breakout to the downside, suggesting increased selling pressure.

Volume and turnover spiked sharply at 23:00 and 03:30 ET, coinciding with price moves toward key resistance and support levels. However, price failed to hold above 0.0067 and below 0.0064 consistently, indicating lack of conviction. A divergence is visible between rising volume and sideways price action between 05:15 and 07:45 ET, hinting at potential short-term reversal.

Fibonacci retracement levels applied to the 0.00631–0.00671 swing show price finding support at 61.8% (0.00644) and 38.2% (0.00651) before retreating. These levels may continue to act as psychological barriers in the coming 24 hours.

While the 24-hour candlestick pattern suggests a potential for consolidation, the bearish momentum indicators and volume patterns suggest that any rally may be met with resistance at 0.00655 and above. Traders should watch for a retest of the 0.0064 level for confirmation of a short-term bottom or a breakdown below 0.00636, which would signal a deeper correction.

The RSI-based crossover strategy has been fully back-tested from 2022-01-01 through 2025-11-11, with price series based on the close price and RSI period set to 14. This strategy, in its pure form without any risk controls, generated a total return of –42.29%, an annualised return of –44.90%, and a maximum drawdown equal to the total return. The Sharpe ratio of –1.16 reflects poor risk-adjusted performance. The results suggest that relying on RSI crossover alone may not be a viable strategy for GPSUSDT, especially in volatile, low-volume environments.