Market Overview for GoPlus Security/Tether (GPSUSDT) – October 10, 2025

• GPSUSDT edged higher over the last 24 hours, closing near session highs amid a broad consolidation phase.
• Key resistance appeared near 0.0133–0.0134 as buyers retreated after sharp intraday gains.
• Volatility expanded in the last 6 hours, with volume surging on bearish price action.
• RSI remains neutral, while MACD indicates a potential exhaustion in bullish momentum.
• A breakdown below 0.0130 could trigger short-term bearish extension, but near-term support is robust.

GoPlus Security/Tether (GPSUSDT) opened at 0.01286 on October 9 at 12:00 ET, reaching a high of 0.01341 before settling at 0.01321 at 12:00 ET on October 10. The pair closed 0.76% higher on the day, with total volume of 186.8 million and turnover of $6.12 million. Price action shows consolidation after an aggressive midday rally, with buyers showing caution near prior resistance levels.

Structure & Formations

The 24-hour chart revealed a bullish continuation pattern, with a key resistance cluster forming between 0.0133 and 0.0134, and strong support anchoring at 0.0130. A bearish pinocchio candle appeared at 0.01321, suggesting short-term profit-taking. The formation of multiple inside bars between 0.0130 and 0.0132 indicated a period of consolidation, with buyers regaining control in the final 6 hours. A bullish engulfing pattern at 0.01296–0.01306 hinted at initial reversal attempts.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed above the price line between 0.0130 and 0.0131, indicating short-term bullish momentum. However, the 50-period line began to flatten as price approached 0.01325, suggesting a potential divergence in trend strength. On the daily timeframe, the 100-period and 200-period SMAs are aligned with the 0.0130–0.0131 range, reinforcing this as a key support and confluence area.

MACD & RSI

MACD crossed into positive territory early in the session but has since flattened, suggesting weakening bullish momentum. RSI remained within the neutral range (45–55), indicating a balanced market. While not yet overbought, the RSI’s failure to surge beyond 55 suggests caution among buyers. A sustained break above 0.0133 may push RSI into overbought territory, warranting close monitoring of volume for confirmation.

Bollinger Bands

Volatility expanded in the latter half of the session, with Bollinger Bands widening from a narrow range of 0.0130 to 0.0132 to a broader 0.0129 to 0.0133. Price action has spent much of the session near the upper band, with a rejection at 0.0133–0.0134 triggering a pullback. The narrowing of bands earlier in the day indicated a period of indecision, followed by a breakout attempt that has stalled.

Volume & Turnover

Volume was unevenly distributed, with a sharp surge during the afternoon and evening hours, particularly around 0.0131–0.0132. This coincided with a bearish reversal candle and a drop in price. Turnover also increased significantly during this period, suggesting increased short-term selling pressure. However, there was no clear divergence between price and turnover, indicating that the move was not driven by large liquidation events but rather by a shift in sentiment.

Fibonacci Retracements

Key Fibonacci levels from the recent 0.01286–0.01341 swing were 0.01325 (38.2%), 0.0132 (50%), and 0.01313 (61.8%). Price found resistance at 0.01325 and 0.0133, with a pullback to 0.01319 confirming the 61.8% level as a potential pivot point. Daily Fibonacci levels from the 0.01263–0.01341 move aligned with the 50-period SMA at 0.0130, reinforcing the significance of this level as a potential support.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern confirmation with a stop-loss just below the pattern’s low and a target aligned with the 38.2% and 50% Fibonacci levels. A trailing stop could be activated once the 50-period SMA crosses above the 20-period SMA. This strategy leverages confluence between price patterns, moving averages, and Fibonacci levels, offering a data-driven, probabilistic approach to capturing short-term bullish momentum.