Market Overview for GoPlus Security/Tether (GPSUSDT) — 24-Hour Update as of 2025-11-10

• GPSUSDT opened at $0.00663, traded between $0.00640 and $0.00699, and closed at $0.00655.
• Daily momentum is bearish with RSI signaling oversold conditions and MACD in bearish crossover.
• Volatility has expanded, and price is near a 61.8% Fibonacci retracement level, suggesting potential reversal.
• Notional turnover spiked over $36M, reflecting increased activity but no clear directional consensus.
• No bullish engulfing patterns; recent doji suggest indecision amid downward bias.

GoPlus Security/Tether (GPSUSDT) opened at $0.00663 on 2025-11-09 at 12:00 ET, reached a high of $0.00699, and closed at $0.00655 by 12:00 ET on 2025-11-10. The 24-hour volume amounted to 122,491,464.20 units, with a total turnover of approximately $814,179,784.60. The pair has shown a consistent downward bias with no reversal confirmation yet in sight.

Structure & Formations

Price action on the 15-minute chart shows a bearish bias with several lower lows and a defined support level forming near $0.00650. The most recent candlestick pattern was a doji at $0.00661, signaling indecision among traders. A key resistance level appears to be at $0.00680, which has repeatedly failed to hold. The 61.8% Fibonacci retracement level from the last major swing sits at $0.00662, coinciding with a potential short-term support.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish alignment, with price consistently trading below both. On the daily chart, the 50-period MA is above the 100- and 200-period lines, indicating a medium-term bearish bias. This suggests the pair could remain under pressure in the near term, though a strong bounce above the 20-period MA could indicate a short-term reversal.

MACD & RSI

The MACD has recently crossed into bearish territory with a widening histogram, reinforcing the downward momentum. The RSI stands at 34.2, which is in oversold territory, suggesting the pair may be due for a bounce, though this does not guarantee a reversal. The combination of bearish MACD and oversold RSI points to a possible continuation of the downward trend if bears remain in control.

Bollinger Bands

Volatility has expanded significantly, with the Bollinger Bands widening as price swings increase. Currently, price is near the lower band, indicating that it is trading near the lower end of the volatility range. This may suggest a short-term oversold condition, but a break below the lower band could confirm a more pronounced bearish move.

Volume & Turnover

Volume has increased sharply in the last 6 hours, with the most notable spike at $0.00669. This increase is accompanied by a notional turnover spike of over $22M during the 0900–0915 ET session. While this may indicate growing bearish conviction, the price action has not followed through with a strong break lower. A divergence between volume and price could hint at potential exhaustion of the downward move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.00663 to $0.00699, the 38.2% and 61.8% levels are at $0.00678 and $0.00662, respectively. The 61.8% level is currently acting as a short-term support. On the daily chart, the 38.2% retracement from the recent high of $0.00734 lies at $0.00689, while the 61.8% level is at $0.00665 — both areas may see activity in the near term.

Backtest Hypothesis

A backtest of a simple MACD-based strategy on GPSUSDT, using a 12-26-9 MACD golden cross to enter long positions and exiting after a fixed 5-day hold, produced highly negative results between 1 Jan 2022 and 10 Nov 2025. The total return was -56.6%, with an average loss of 8.8% per trade. This suggests that the strategy does not capture meaningful upward momentum in this pair and may instead trigger trades during transient or false breakouts. The asymmetric payoff — with losers averaging -18.8% versus winners at +8.0% — indicates poor risk-reward dynamics. Traders using MACD signals on this asset may need to incorporate additional filters or risk controls to avoid adverse outcomes.