$GPS
pushed hard over the last couple of days, but today the move has cooled off. Current data has it around $0.0124, with roughly $60M in 24h volume. The interesting part is the huge range — GPS recently traded near $0.0188 before dropping back.
That tells me buyers are still around, but they’re not having an easy time holding the higher prices. Volume is doing the talking here. If it stays high and GPS starts pushing back toward $0.0188, things could get interesting again. If the volume dries up, I’d expect the chart to take a breather.
One thing I wouldn’t ignore is the recent token unlock and the large amount of GPS that has moved toward exchanges. More supply hitting the market can make these moves much harder to sustain.
#GPS #CryptoRally #FOMCWatch #BinanceSquareFamily
pushed hard over the last couple of days, but today the move has cooled off. Current data has it around $0.0124, with roughly $60M in 24h volume. The interesting part is the huge range — GPS recently traded near $0.0188 before dropping back.
That tells me buyers are still around, but they’re not having an easy time holding the higher prices. Volume is doing the talking here. If it stays high and GPS starts pushing back toward $0.0188, things could get interesting again. If the volume dries up, I’d expect the chart to take a breather.
One thing I wouldn’t ignore is the recent token unlock and the large amount of GPS that has moved toward exchanges. More supply hitting the market can make these moves much harder to sustain.
#GPS #CryptoRally #FOMCWatch #BinanceSquareFamily