Market Overview: GPSUSDT (GoPlus Security/Tether USDt ) on 2025-09-06

• GPSUSDT rose from $0.01041 to $0.01238, with a 24-hour high of $0.01283 and low of $0.01025.
• Strong buying pressure was evident after 6:30 AM ET, with a surge to $0.01229.
• Volatility expanded as prices broke above key resistance levels, supported by rising volume.
• RSI shows increasing momentum but is nearing overbought territory.
• Bollinger Bands indicate a period of expansion, reflecting heightened market sentiment.

GoPlus Security/Tether USDt (GPSUSDT) opened at $0.01041 on 2025-09-05 at 12:00 ET and closed at $0.01238 on 2025-09-06 at 12:00 ET, trading as high as $0.01283 and as low as $0.01025. Total volume was 163,272,768.75 with a notional turnover of $1,988.73.

Structure & Formations

The 15-minute chart shows a clear bullish structure forming from a low of $0.01025. A strong upward breakout occurred around 6:30 AM ET as prices surged past the $0.0115 resistance level. This was confirmed by a bullish engulfing pattern forming at this level, followed by a long-bodied candle that pushed prices up to $0.01229. A key support level appears to be forming near $0.01136, with several candles showing consolidation in this area.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA 20) crossed above the 50-period SMA (SMA 50) in the morning, signaling a potential bullish shift. On the daily chart, the 50-period and 100-period SMAs are converging around $0.0116–$0.0118, suggesting this range could act as both support and resistance depending on the direction of the next move. The 200-period SMA remains significantly lower, indicating a long-term bullish bias.

MACD & RSI

The MACD line remained above the signal line throughout the session, confirming sustained bullish momentum. The histogram expanded in the morning as buying pressure intensified, then slightly contracted in the late hours. RSI, on the other hand, pushed into overbought territory (above 70) in the late morning and afternoon, indicating potential for a short-term pullback. However, the price did not retrace significantly, suggesting strong conviction among buyers.

Bollinger Bands

Bollinger Bands expanded significantly after 6:30 AM ET, reflecting the increased volatility and sharp price rise. Price action remained near the upper band for much of the session, with only a brief pullback to near the middle band in the late afternoon. A contraction in the bands is yet to appear, which might signal a potential consolidation phase or a reversal, but that is not evident at this stage.

Volume & Turnover

Volume surged in the morning session as the price moved above key resistance levels, with the highest 15-minute volume reaching 79,841,323.2 at 6:30 AM ET. Notional turnover spiked alongside the price movement, indicating strong participation and alignment between volume and price. No significant divergence was observed during the session, reinforcing the strength of the bullish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing low ($0.01025) and swing high ($0.01283) shows that the current price of $0.01238 is sitting just below the 61.8% retracement level. This suggests a potential area for a pullback or consolidation before a new leg higher could emerge. On the 15-minute chart, the 38.2% and 50% levels at $0.01137–$0.0116 were tested and held during the afternoon, indicating possible future support zones.

Backtest Hypothesis

Based on the observed technical indicators, a potential backtesting strategy could involve a long bias when the 20SMA crosses above the 50SMA on the 15-minute chart, confirmed by a bullish engulfing pattern or a breakout above a key resistance level. Entry could be triggered at the close of the breakout candle, with a stop-loss placed just below the most recent swing low. Targets could be set using the 38.2% and 61.8% Fibonacci retracement levels of the most recent bullish move. This strategy could be further refined using MACD and RSI to filter for momentum and overbought conditions to time exits or manage risk.