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

• Price surged 2.34% on a bullish breakout above key resistance at 0.01250.
• RSI hit overbought territory near 75, suggesting a potential near-term pullback.
• Volatility spiked sharply after 15:15 ET, with volume surging to 20.9M.
• Bollinger Bands expanded significantly, indicating a period of heightened uncertainty.
• A bearish divergence in volume suggests caution ahead of the 24-hour close.

GoPlus Security/Tether (GPSUSDT) opened at 0.01190 on 2025-10-04 at 12:00 ET and closed at 0.01304 on 2025-10-05 at 12:00 ET. The 24-hour high was 0.01307, and the low was 0.01190. Total volume reached 30.8 million contracts, with a notional turnover of approximately $401,000.

The price action was driven by a series of bullish engulfing patterns forming from late afternoon to evening ET. These were accompanied by a sharp acceleration in volume, peaking at 20.9M in the 15-minute candle ending at 15:15 ET. The market appears to be testing a key resistance level near 0.01250, which was decisively cleared following a strong rally from midday. Support appears temporarily strong at the 0.01227 level, with a bearish pinbar forming there in early morning trading.

Structure & Formations

Notable formations included a bullish engulfing pattern around 19:45 ET (0.01218 to 0.01222) and a long-bodied candle at 23:45 ET (0.01231 to 0.01236), both signaling strong buying pressure. A key resistance at 0.01250 was tested and broken at 15:15 ET, followed by a bearish divergence in volume that may indicate a pause ahead. The 0.01227 level acted as a strong support with a pinbar, but subsequent retests have seen limited follow-through. The next critical resistance appears at 0.01265, where a bearish reversal candle formed at 06:15 ET.

Moving Averages

On the 15-minute chart, the 20-period MA (0.01233) crossed above the 50-period MA (0.01227), forming a golden cross. This suggests a short-term bullish bias. On the daily chart, the 50-period MA (0.01212) is approaching the 200-period MA (0.01218), with the 100-period MA (0.01215) currently in between, suggesting a consolidation phase ahead.

MACD & RSI

MACD crossed above the signal line in late afternoon, signaling a bullish crossover. RSI peaked at 75 around 15:30 ET, suggesting overbought conditions and a potential pullback. Divergence in the RSI line and the price action after 17:00 ET suggests caution, with a possible correction to the 0.01240–0.01245 zone appearing likely.

Bollinger Bands

Bollinger Bands expanded significantly after 15:15 ET as volatility surged, with the price frequently testing the upper band. By 17:00 ET, the bands had begun to contract, suggesting a period of consolidation. The price remained above the 20-period moving average and within the upper half of the bands, indicating sustained bullish momentum but with potential for a mean reversion.

Volume & Turnover

Volume spiked to 20.9 million at 15:15 ET, confirming the breakout above 0.01250. The divergence in volume after 17:00 ET, with prices rising but volume declining, suggests a weakening trend. Turnover mirrored volume patterns, peaking at $400,000 at 15:15 ET and declining afterward, reinforcing the idea of a potential pullback.

Fibonacci Retracements

Fibonacci retracement levels from the key swing low at 0.01190 to the swing high at 0.01307 show the 0.01252 level (38.2%) acting as immediate support and 0.01285 (61.8%) as potential resistance. Price is currently approaching the 0.01252 level, which may see renewed interest and could either hold or break depending on buying pressure.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout-based approach that enters long on a close above the 0.01250 resistance level with a stop loss below 0.01227 and a target at 0.01265. Given the current MACD crossover and RSI divergence, this strategy might include a trailing stop to lock in gains once the price exceeds 0.01260. The high volume at the breakout level supports the validity of the strategy, though the bearish volume divergence after 17:00 ET may require tighter risk management.