Market Overview for GoPlus Security/Tether (GPSUSDT) on 2026-01-08

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 4:30 am ET1min read
GPS
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Aime RobotAime Summary

- GPSUSDT formed a bullish engulfing pattern at 0.00573, confirming short-term support and a price surge above 0.00585 after a 29.9M volume spike.

- RSI remained neutral at 55 with no overbought/oversold extremes, while Bollinger Bands widened as price tested the upper band at 0.00623.

- Bearish divergence emerged at 0.00592 with declining turnover, signaling potential reversal risks despite MACD's bullish crossover.

- Key levels to monitor include 0.00585-0.0059 pivot and 0.00573 support, with position sizing and stop-loss placement critical in volatile conditions.

Summary
•

GPSUSDT
formed a bullish engulfing pattern at 0.00573, confirming short-term support.
• Price surged above 0.00585 after a 5-minute volume spike of 29.9 million, signaling renewed buying pressure.
• RSI shows moderate momentum at 55, with no overbought or oversold extremes yet.
• Volatility expanded, with Bollinger Bands widening as price tested the upper band.
• Turnover diverged at 0.00592, hinting at potential bearish reversal risk ahead.

GoPlus Security/Tether (GPSUSDT) opened at 0.00574 on 2026-01-07 at 12:00 ET, reached a high of 0.00623, and closed at 0.00572 on 2026-01-08 at 12:00 ET, after hitting a low of 0.00565. Total volume for the 24-hour window was 75,339,901.6 units, with a notional turnover of 425,689.8 USDT.

Structure & Formations


A strong bullish engulfing pattern emerged at 0.00573, where price closed above the prior bar’s high, reinforcing the level as a short-term support. Later in the session, a large 5-minute candle (2026-01-07 17:45 ET) with a high of 0.00623 and a volume of 29.9 million units confirmed renewed buying interest.
As price pulled back toward 0.00592, a bearish divergence in turnover emerged, suggesting possible profit-taking or exhaustion.

Volatility and Momentum


Bollinger Bands expanded in the afternoon hours, with price reaching the upper band at 0.00623, indicating rising volatility. RSI remained in mid-range territory at 55, suggesting balanced momentum without extreme overbought or oversold signals. MACD showed a positive crossover and remained above the signal line, supporting a short-term bullish bias.

Volume and Turnover Insights


Volume spiked dramatically at 29.9 million units during the 17:45 ET candle, coinciding with a sharp price increase to 0.00623. Notional turnover peaked at 181,834.4 USDT during that same bar, suggesting strong conviction in the move. However, later bearish price moves saw lower volume and turnover, hinting at weaker follow-through.

Looking ahead, the 0.00585–0.0059 level could act as a near-term pivot. A retest of the 0.00573 support may trigger further consolidation, but a break below that could test the 0.00565 level. Investors should monitor divergence between price and turnover for early reversal cues. As always, position sizing and stop-loss placement are crucial in volatile markets.