Market Overview for GoPlus Security/Tether (GPSUSDT) – 24-Hour Analysis (2025-09-24)

• GPSUSDT opened at $0.01122 and closed at $0.01119, with a 24-hour high of $0.01158 and low of $0.01076.
• Price action was bearish in early hours, followed by a late recovery driven by increased volume and positive momentum.
• RSI suggested overbought conditions near 60, while MACD showed a bearish crossover in the morning and a bullish crossover later.
• Volatility expanded during key 15-minute rallies, with Bollinger Bands showing clear price rejections and retests.
• Notional turnover reached a 24-hour peak of $5.15M during the 1345–1359 ET window, confirming late-day strength.

The GoPlus Security/Tether (GPSUSDT) pair opened at $0.01122 on 2025-09-23 at 12:00 ET and closed at $0.01119 on 2025-09-24 at 12:00 ET. The 24-hour high was $0.01158, and the low was $0.01076. Total volume traded reached 61.4 million units, with a notional turnover of approximately $6.87 million. Price action was volatile, with bearish breakdowns followed by a late-day rebound.

Structure & Formations

The candlestick pattern displayed a bearish breakdown in the early morning hours, with a clear rejection at the $0.01107 level. However, a bullish recovery began after 03:30 ET, marked by a series of higher highs and higher lows. A key 15-minute bullish engulfing pattern emerged at 13:45–14:00 ET, confirming a short-term reversal. A doji at $0.01146 also indicated indecision before the final bullish push. Support appears to be forming at $0.01117, while resistance is at $0.01151.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA at $0.0113, suggesting a short-term bullish bias. On the daily chart, the 50-period SMA is above the 200-period SMA, indicating a mildly bullish trend over a longer timeframe. However, a flattening of the 50 SMA in the last 48 hours may signal a temporary pause in upward momentum.

MACD & RSI

The MACD line crossed below the signal line in the early morning, signaling a bearish momentum phase. However, a crossover back above the signal line occurred at 14:30 ET, suggesting a potential short-term bullish trend. The RSI reached 61.8 at $0.01151 during the 13:45–14:00 ET rally, hinting at overbought conditions. A pullback into the 38.2–50 RSI range may indicate a consolidation phase before the next directional move.

Bollinger Bands

Volatility expanded significantly after 03:30 ET as the price moved away from the middle band and touched the upper band at $0.01151. This suggests a strong bullish move within a higher-volatility environment. A bounce off the lower band occurred at $0.01107, reinforcing the support level. The narrowing of the bands early in the morning indicated a period of consolidation, followed by a breakout toward the upper band.

Volume & Turnover

Volume spiked to $5.15M during the 13:45–13:59 ET window, coinciding with a sharp price increase. This volume surge supports the validity of the bullish move. The turnover-to-volume ratio was higher in the late morning and early afternoon, indicating strong buying pressure. However, a divergence appears in the early morning hours where volume was high but price was bearish, suggesting potential short-term uncertainty.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level was reached at $0.01149, followed by a pullback. The daily Fibonacci levels showed a key 38.2% retracement at $0.01136, which appears to have been a resistance level earlier in the day. A successful break above $0.01146 could target the $0.01151–0.01153 level, while a breakdown below $0.01117 could extend downward to $0.01107.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions when price closes above the 20-period SMA on the 15-minute chart, confirmed by a bullish engulfing pattern and rising RSI. A stop-loss could be placed at the nearest Fibonacci support level or below the 50-period SMA. This approach would aim to capture short-term bullish momentum, leveraging the strong volume and RSI readings observed during the 13:45–14:30 ET rally.