$GPS is showing some signs of stabilisation, but the bigger trend still needs a proper turnaround.
After a prolonged decline, price has started consolidating around $0.0080, with buyers defending the recent low at $0.007451. That gives the chart an interesting base to watch, although the daily Supertrend at $0.009552 remains overhead resistance.
Key levels on my radar:
Support: $0.00783 and $0.00745
Resistance: $0.00844, $0.00900 and $0.00955
A reclaim of $0.00844 could be the first sign of improving momentum. Breaking above $0.00955 would make the recovery much more convincing.
The selling pressure appears to be easing, but GPS still needs follow through. The next move from this range will be important.
#gps
After a prolonged decline, price has started consolidating around $0.0080, with buyers defending the recent low at $0.007451. That gives the chart an interesting base to watch, although the daily Supertrend at $0.009552 remains overhead resistance.
Key levels on my radar:
Support: $0.00783 and $0.00745
Resistance: $0.00844, $0.00900 and $0.00955
A reclaim of $0.00844 could be the first sign of improving momentum. Breaking above $0.00955 would make the recovery much more convincing.
The selling pressure appears to be easing, but GPS still needs follow through. The next move from this range will be important.
#gps
