Market Overview for GoPlus Security/Tether (GPSUSDT) – 24-Hour Analysis (2025-10-24)

• Price action showed a key rebound off the 0.00840 level late yesterday before forming a bullish morning star near the 0.00845 level.
• Momentum shifted from bearish to bullish as RSI crossed above 50 and MACD histogram turned positive after midday.
• Volatility expanded in the early hours of today with a 0.00847–0.00866 range, but volume was higher on the upside.
• Bollinger Bands tightened overnight, suggesting a potential breakout, but price remains within the channel.
• Turnover spiked to $5.3M on the 0.00852–0.00863 rally, with a divergence on volume as price pulled back.

Opening and Range Summary

GoPlus Security/Tether (GPSUSDT) opened at 0.00848 at 12:00 ET−1 and traded between 0.00834 and 0.00866 over the past 24 hours, closing at 0.00847 as of 12:00 ET. Total volume reached ~6.6M, while notional turnover hit $5.5M, with increased liquidity observed after 4:00 AM ET as price pushed higher.

Structure and Patterns

Price found a critical floor at 0.00840, where it bounced sharply in the late hours of yesterday. A morning star pattern formed near 0.00845 early today, suggesting a potential short-term reversal. The 0.00847–0.00852 zone appears to be a key resistance cluster, with bearish rejection observed in the 0.00853–0.00866 range. A 50% Fibonacci retracement level at 0.00851 may serve as a pivot point for near-term directional bias.

Indicators and Momentum

RSI climbed above 50 in the afternoon, indicating a shift in momentum to the bullish side. The MACD crossed into positive territory at ~8:00 AM ET and showed a growing histogram, confirming strength in the rally. Bollinger Bands had contracted overnight and began to expand after the 0.00852 breakout, suggesting increased volatility. A key watch level is the 0.00861–0.00866 area, where the upper band and previous high align, providing potential overbought conditions.

Volume and Turnover Analysis

Volume spiked during the morning rally to 0.00863, reaching ~967k, while turnover surged to ~$830k in that same period. However, volume declined on the pullback to 0.00856, suggesting weaker bearish conviction. A divergence is forming as price has fallen slightly from the 0.00863 peak but volume remains moderate. This could indicate a lack of follow-through selling, which may support a retest of that level.

Backtest Hypothesis

A potential backtesting strategy for GPSUSDT could leverage the 15-minute RSI and MACD indicators identified in the current analysis. Using RSI(14) with an overbought threshold of 65 and an oversold threshold of 35, paired with MACD(12,26,9) crossover signals, could generate buy and sell entries. The 0.00840 support and 0.00852 resistance levels could serve as stop-loss and take-profit benchmarks, with a 5% stop-loss below the entry point. Given the recent volatility and pattern setup, a 3–4-day holding period could be optimal for this asset class.