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

• GPSUSDT opened at $0.01481 and closed at $0.01378, marking a bearish 24-hour session with a low of $0.01327 and high of $0.01509.
• The pair saw declining momentum with RSI reaching oversold levels near 30, while MACD showed bearish divergence with price.
• Volatility expanded early in the session, with Bollinger Bands widening, before compressing in the final hours.
• Volume spiked during the 15–19:00 ET window, coinciding with a sharp decline in price.
• Fibonacci retracement levels suggest potential near-term support at $0.01350 and $0.01310.

GoPlus Security/Tether (GPSUSDT) opened at $0.01481 on 2025-09-14 at 12:00 ET and closed at $0.01378 at 12:00 ET on 2025-09-15, with a high of $0.01509 and low of $0.01327. The 24-hour volume totaled 184,961,397.9 and turnover amounted to $2,748,631.50.

Structure & Formations

The candlestick pattern formed a bearish continuation structure, with a long upper shadow and multiple engulfing patterns confirming weakness in the $0.01500–$0.01490 range. A notable bearish engulfing pattern occurred at $0.01503 to $0.01470, followed by a doji at $0.01470–$0.01470 around 19:45 ET, signaling indecision. The price has been consolidating near $0.01375–$0.01385, forming a potential support base.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearishly aligned, with the 20-period MA crossing below the 50-period MA in the afternoon. On the daily timeframe, the 50-period and 200-period moving averages are diverging further bearishly, indicating long-term trend weakness. The price is below both MAs, confirming bearish momentum.

MACD & RSI

MACD turned negative in the early evening and remains in bearish territory, while the histogram continues to contract. RSI has entered oversold territory, currently at ~30, suggesting possible near-term support but without immediate reversal signals. Momentum remains bearish, with no overbought conditions present.

Bollinger Bands

Bollinger Bands widened significantly during the 15–19:00 ET window, reflecting heightened volatility. The price closed near the lower band at $0.01378, with the 20-period SMA at $0.01425. This suggests potential for a retest of the lower band or a breakout if bullish buyers step in.

Volume & Turnover

Volume spiked to $9.2M at 17:00 ET and $8.5M at 18:45 ET during key declines. Notional turnover peaked at $2.3M at 17:30 ET and declined steadily after 02:00 ET. Price and volume diverged in the late morning, with lower volume on continued declines, indicating reduced conviction among sellers.

Fibonacci Retracements

Applying Fibonacci retracements to the $0.01327–$0.01509 move, key levels include 38.2% at $0.01425 and 61.8% at $0.01389. The price has stalled near the 61.8% level and may test $0.01350 as the next potential support.

Backtest Hypothesis

A potential backtest strategy would involve using a combination of RSI and volume divergence to time entries. Given the current RSI in oversold territory, a buy signal could be generated if RSI crosses above 40 on increasing volume. A stop-loss could be placed below the recent swing low at $0.01341. A long position would aim for a target near $0.01390–$0.01420. This approach aligns with the observed consolidation and Fibonacci support levels.