Market Overview: GoPlus Security/Tether (GPSUSDT)

• GPSUSDT rose 13.3% over 24 hours, closing at 0.01527 after a bullish breakout from a key consolidation range.
• Strong volume spiked to $587.4M at 09:15 ET, confirming price action and signaling a potential trend reversal.
• RSI surged to 62, indicating growing momentum, while Bollinger Bands widened, showing rising volatility.
• A 15-minute bearish divergence in volume emerged around 15:00–16:00 ET, hinting at near-term profit-taking.
• The 20-period EMA crossed above the 50-period EMA, reinforcing a short-term bullish bias.

The 24-hour period for GoPlus Security/Tether (GPSUSDT) began at 0.01377 (open) and surged to a high of 0.01714 before consolidating into a close of 0.01527 at 12:00 ET. The pair exhibited a bullish breakout from a multi-hour consolidation phase, with total notional turnover reaching $587.4M on 393.1M trading volume. Key momentum and pattern developments occurred across 15-minute and hourly candles, signaling a shift in sentiment toward the long side.

Structure & Formations

Price formed a bullish pennant pattern between 19:30 and 23:45 ET, with a measured move target of ~0.016 aligning closely with the intraday high of 0.01714. A large bullish engulfing pattern emerged at 21:30 ET as GPSUSDT surged from 0.01613 to 0.01648. This was followed by a series of higher highs and tighter consolidation, suggesting strong buyer participation. A small bearish divergence in volume appeared between 15:00 and 16:00 ET, potentially signaling short-term profit-taking.

Moving Averages

On the 15-minute chart, the 20-period EMA crossed above the 50-period EMA around 21:30 ET, confirming a short-term bullish bias. The 50-period EMA remained well above 0.0145, acting as a strong support and trendline. On the daily chart, GPSUSDT traded above both 50 and 200-period EMAs, which currently sit at 0.0139 and 0.0137, respectively, offering potential support in the next 24 hours.

MACD & RSI

MACD crossed above the zero line at 21:30 ET with a strong histogram, confirming bullish momentum. RSI reached 62 at the close, indicating strong upward thrust without overbought conditions. The indicator remains in a healthy range (50–65), suggesting continued buying pressure is likely to persist unless a sharp correction occurs.

Bollinger Bands

Volatility expanded significantly after 21:00 ET, with upper bands reaching 0.0173 and lower bands falling to 0.0156 by 04:00 ET. GPSUSDT has remained within the bands for most of the session, indicating a controlled move. The widening of bands suggests an increase in trader uncertainty or speculative activity, possibly leading to increased range expansion in the near term.

Volume & Turnover

Volume spiked to 86.9M at 21:30 ET and 75.6M at 09:15 ET, with corresponding notional turnover of $139.1M and $139.7M. These surges coincided with the most significant price advances of the day, confirming the strength of the move. However, volume declined sharply after 15:00 ET, suggesting a reduction in buying pressure and potential consolidation ahead.

Fibonacci Retracements

Applying Fibonacci to the 21:30–23:45 ET swing (0.01613 to 0.01714), 38.2% and 61.8% levels currently sit at 0.01657 and 0.01674, respectively. These levels may serve as key resistance zones in the next 24 hours. On the broader daily chart, the 61.8% retracement of the previous week’s range sits at 0.0159, which GPSUSDT has just tested, suggesting possible support.

Backtest Hypothesis

For the backtesting strategy, a potential entry point is identified when the 20-period EMA crosses above the 50-period EMA on the 15-minute chart, confirmed by a bullish engulfing pattern and a MACD crossover above the zero line. The stop-loss is placed below the lower Bollinger Band at 0.0156, and the initial target is the 61.8% Fibonacci level at 0.01674. Given the current structure and volume confirmation, this setup could be considered for a short-term long position with a risk-reward ratio of approximately 1:1.5. This aligns with the observed technical indicators and offers a data-driven, probabilistic approach to trading GPSUSDT’s recent bullish momentum.