Market Overview: GoPlus Security/Tether (GPSUSDT) - 24-Hour Summary

• GPSUSDT opened at $0.01233 and closed at $0.01257, forming a bullish trend amid moderate volume.
• Price reached a high of $0.01322 but faced resistance, consolidating below $0.0130.
• Volatility expanded during early sessions, with increased turnover signaling potential direction.
• RSI remained neutral, while MACD showed a bullish crossover, suggesting possible momentum.
• A bearish divergence in later hours hints at a potential correction ahead.

GoPlus Security/Tether (GPSUSDT) opened at $0.01233 on October 2, 2025, and closed at $0.01257 on October 3, 2025, with a high of $0.01322 and a low of $0.01232. Total 24-hour volume was 104,358,398.30000002, and turnover stood at $1,337,369.73. The pair exhibited a bullish bias in early trading but consolidated in the later hours amid rising volatility and fluctuating momentum.

Price initially surged past key psychological levels, forming a strong bullish candle on the 15-minute chart at 16:45 ET. This was followed by a consolidation phase, with support forming near $0.01246 and resistance at $0.0130. A bearish engulfing pattern appeared around $0.01291–$0.01299, indicating a potential pause in the upward trend. A doji at $0.01273 suggested indecision, aligning with a minor pullback.

The 20- and 50-period moving averages on the 15-minute chart crossed above the price, reinforcing bullish momentum. The 50-period daily MA stood at $0.01268, with the 200-period MA at $0.01272, suggesting a mixed outlook. Bollinger Bands showed a widening phase during the early hours, with price testing the upper band at $0.01322 and retreating. This suggests heightened volatility.

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Relative Strength Index (RSI) hovered between 50 and 60 during the session, suggesting balanced buying and selling pressure. A bullish MACD crossover occurred at $0.01292, signaling potential upward continuation. However, a bearish divergence between price and RSI emerged near $0.01265–$0.01272, hinting at a possible correction. Fibonacci retracement levels identified key levels at 38.2% ($0.01275), 61.8% ($0.01292), and 100% ($0.0130), which will likely be closely watched for direction.

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Looking ahead, investors should monitor the 15-minute $0.0130 level and the 1-hour $0.01293 level as critical decision points. A break above $0.0130 could reinvigorate the bullish trend, while a close below $0.01272 may signal a near-term pullback. Volatility remains elevated, and traders should be prepared for rapid price swings.

Backtest Hypothesis
The proposed backtesting strategy involves entering a long position when the 15-minute MACD line crosses above the signal line and the 50-period MA is above the 20-period MA. A stop-loss is placed at the 15-minute low of the breakout candle, and a take-profit target aligns with the 61.8% Fibonacci level. This approach seeks to capitalize on short-term bullish momentum while managing risk through defined exits. Historical testing would assess the frequency and reliability of such signals within this volatile 24-hour period.

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