Market Overview for GoPlus Security/Tether (GPSUSDT): Volatility, Divergences, and Key Levels

• GPSUSDT traded down -3.34% in the last 24 hours, closing at 0.01297 after a volatile session.
• Volatility spiked in late-night trading, with a sharp dip to 0.01286 before a partial recovery.
• Volume surged in early morning hours, peaking at 7.96 million contracts, signaling increased market participation.
• RSI hit oversold territory by midday, suggesting potential for a short-term rebound.
• Key support appeared at 0.01290-0.01293, with resistance at 0.01303-0.01306 based on Fibonacci and swing levels.

GoPlus Security/Tether (GPSUSDT) opened at 0.01354 on 2025-09-16 12:00 ET and closed at 0.01297 on 2025-09-17 12:00 ET, hitting a high of 0.01385 and a low of 0.01286 during the session. Total volume for the 24-hour window was 114,817,854.8 contracts, with a notional turnover of approximately $1.51 million.

Structure & Formations

The price of GPSUSDT exhibited a bearish bias over the past 24 hours, with a notable breakdown from key resistance at 0.01352. The session saw a deep retracement from 0.01385 to 0.01286, followed by a partial recovery that capped near 0.01303. A long lower shadow at 0.01297 on the final candle hints at potential short-term support, though a bearish engulfing pattern in the 02:30–03:00 ET window signaled strong downward momentum. A doji at 0.01294-0.01295 around 11:45 ET may suggest temporary indecision.

Moving Averages and Volatility

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the early morning, confirming bearish momentum. Volatility expanded significantly from 02:30 to 03:30 ET, with Bollinger Bands widening to reflect heightened market uncertainty. Price remained below both the 20 and 50-period moving averages for most of the session, with only a brief recovery above 0.01303. Intraday volatility appears to have peaked with a contraction in band width in the last four hours, which may indicate a potential consolidation phase.

MACD, RSI, and Momentum

The MACD crossed bearishly into negative territory at 03:00 ET and remained below the signal line, reinforcing a bearish bias. RSI declined rapidly to the 30-35 oversold zone by 05:30 ET, offering a potential short-term bounce opportunity. However, price failed to close above the 0.01306-0.01308 resistance range in subsequent hours, suggesting continued caution. Momentum remains weak, with price failing to respond to RSI’s oversold bounce.

Volume, Turnover, and Divergences

Trading volume spiked above 7.96 million at 08:45 ET, coinciding with a sharp decline to 0.01287. However, the price failed to sustain the move, creating a volume-confirmed breakdown. Later in the session, volume decreased despite a price recovery to 0.01303, suggesting a lack of conviction. The notional turnover peaked at $100,000 during the 08:45 ET bar, while the final 15-minute candles showed a moderate increase in volume with limited price response, hinting at a potential pause in the bearish trend.

Fibonacci Retracements

Applying Fibonacci to the key 0.01385–0.01286 swing identified support at 0.01295 (61.8%) and 0.01299 (50%), with resistance at 0.01306 (38.2%). A minor rebound from 0.01290–0.01293 in the last four hours aligned with the 0.01293 (38.2%) level. The price currently hovers just above the 50% retracement level, indicating that a retest of 0.01306 could be a key short-term objective if buyers regain control.

Backtest Hypothesis

A potential backtesting strategy could focus on the 61.8% Fibonacci level at 0.01295 and the 0.01303 resistance as key entry points. Traders could consider a long entry at 0.01295 upon a confirmed close above 0.01303, with a stop-loss below 0.01289 to mitigate downside risk. This approach leverages RSI’s oversold condition and the recent volume-confirmed breakdown, aiming to capture a short-term rebound. A trailing stop or partial take-profit at 0.01308–0.01310 could be employed to manage risk during a volatile recovery.