Market Overview for GoPlus Security/Tether (GPSUSDT)

Summary
• Price declined from 0.00558 to 0.00518 over 24 hours with bearish momentum.
• Volume spiked during key breakdown periods, confirming bearish sentiment.
• Bollinger Bands showed moderate volatility, while RSI indicated oversold conditions.

GoPlus Security/Tether (GPSUSDT) opened at 0.00558 on 2025-12-20 12:00 ET, reached a high of 0.00559 and a low of 0.00518, closing at 0.00518 on 2025-12-21 12:00 ET. Total volume was 201,495,066.60 and turnover was approximately 104,756,680.

Structure & Formations

Price action on the 5-minute chart formed a descending pattern, with key support levels at 0.00525, 0.00519, and 0.00518. A bearish engulfing pattern appeared at the 194500 window on 2025-12-20, indicating a shift in sentiment. A potential bounce zone is emerging between 0.00523 and 0.00527 as resistance.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both trended downward, confirming the bearish bias. Daily moving averages (50/100/200) suggest continued bearish momentum in the broader trend.

MACD & RSI

The MACD histogram showed a bearish crossover in the late hours of 2025-12-20, aligning with price weakness. RSI dipped into oversold territory, suggesting potential for a near-term bounce, although sustained buying pressure appears lacking.

Bollinger Bands

Price traded within the narrowing Bollinger Bands during the late hours of 2025-12-20, signaling a period of low volatility. A band break below the lower band at 0.00518 could confirm further bearish pressure, but a rebound within the bands may indicate a consolidation phase.

Volume & Turnover

Trading volume increased sharply during the breakdown to 0.00518, with the largest spikes observed between 044500 and 060000 on 2025-12-21. This volume confirmed the bearish move, showing no divergence with price. Turnover also rose correspondingly, reinforcing the strength of the recent downtrend.

Fibonacci Retracements

On the 5-minute chart, the 61.8% Fibonacci retracement level sat near 0.00523, where price found minor resistance. On the daily chart, a breakdown below the 61.8% level of the prior bullish swing may open the door to testing long-term support levels.

GPSUSDT appears to be consolidating in oversold conditions, with limited immediate support below 0.00518. A test of that level could trigger further downside, although a rebound within the bands may indicate a consolidation phase. Traders should be cautious of increased bearish follow-through or a possible short-term bounce amid low volatility.

A test of that level could trigger further downside, but a rebound into the 0.00525–0.00527 range may offer a potential reversal signal. Traders should be cautious of increased bearish follow-through or a possible short-term bounce amid low volatility.