$0.017 GPS, surged 70% in a day—are you chasing it?
First, the surface picture: safety incidents sparked the frenzy, and money is rushing in like crazy
Over the past 24 hours, GPS climbed from 0.0098 to 0.0175—an 78% swing. Trading volume expanded to 10.2 times the average of the past 7 days. On August 17, multiple high-profile wallet security incidents were exposed (including a case where a user was hacked and lost $750,000 worth of BTC). GoPlus, as a leading real-time on-chain risk scanner, analyzed in real time on X—attention exploded immediately
First thing: security incidents are happening frequently—GoPlus became the “water seller”
Around August 17, risks related to hardware wallets like SafePal and Coldcard were heavily exposed. A Bitcoin holder transferred assets from a Coldcard MK4 hardware wallet to a CEX, and within 12 hours the Google account was hacked—the $750,000 was wiped out in a flash
What did GoPlus do? Monitored, analyzed, and issued alerts immediately. The whole market was asking, “How do we prevent phishing?” “How do we check contract risks?” GoPlus became the only answer
Before, hackers used AI to find vulnerabilities, while security teams couldn’t keep up. Now GoPlus uses AI to fight AI. This narrative is strong enough
Second thing: institutions are selling, but the market isn’t taking it seriously anymore.
After GPS surged more than 50%, OK Ventures transferred 48.611 million GPS (about $750,000) into the exchange
Sounds scary? But GPS didn’t crash—it instead continued to consolidate at a high level in the 0.016–0.017 range
Third thing: a technical signal has appeared that you must watch closely
Over 24 hours, the swing was 78%, and within one hour it surged 59%. This kind of vertical rally is an extremely dangerous signal on any small-cap coin
The 4H timeframe is still in an upward channel; the 1H ran up then pulled back. MACD histogram turned negative, and short-term buying momentum weakened. RSI is around 68 on 1H and near 76 on 4H—still not in an extreme overbought zone. Order book depth shows an advantage of about 16.84%, and the funding rate is -0.0155%—shorts are effectively paying longs. The expectation of a short squeeze is still there
Key levels:
Support: 0.0155–0.0161 → 0.0145–0.015
Resistance: 0.0175–0.0185 → 0.02+ up to 0.028–0.03
Trading strategies
Conservative players:
Wait for a pullback to 0.0155–0.0161, then enter after it stabilizes. Stop loss below 0.0145. Targets: 0.018–0.0185; if it breaks out, look for 0.02+
Aggressive short-term:
Around the current price of ~0.017, if you see a low-volume consolidation followed by a breakout with rising volume, go long with a small position. Stop loss 0.0162. Take profit quickly at 0.0178–0.0185
Short idea:
If it spikes to 0.0185–0.019 and then shows a clear upper-wick + volume expansion followed by stalled price action, you can try a small short. Stop loss 0.0195. Target a pullback to 0.016
First, the surface picture: safety incidents sparked the frenzy, and money is rushing in like crazy
Over the past 24 hours, GPS climbed from 0.0098 to 0.0175—an 78% swing. Trading volume expanded to 10.2 times the average of the past 7 days. On August 17, multiple high-profile wallet security incidents were exposed (including a case where a user was hacked and lost $750,000 worth of BTC). GoPlus, as a leading real-time on-chain risk scanner, analyzed in real time on X—attention exploded immediately
First thing: security incidents are happening frequently—GoPlus became the “water seller”
Around August 17, risks related to hardware wallets like SafePal and Coldcard were heavily exposed. A Bitcoin holder transferred assets from a Coldcard MK4 hardware wallet to a CEX, and within 12 hours the Google account was hacked—the $750,000 was wiped out in a flash
What did GoPlus do? Monitored, analyzed, and issued alerts immediately. The whole market was asking, “How do we prevent phishing?” “How do we check contract risks?” GoPlus became the only answer
Before, hackers used AI to find vulnerabilities, while security teams couldn’t keep up. Now GoPlus uses AI to fight AI. This narrative is strong enough
Second thing: institutions are selling, but the market isn’t taking it seriously anymore.
After GPS surged more than 50%, OK Ventures transferred 48.611 million GPS (about $750,000) into the exchange
Sounds scary? But GPS didn’t crash—it instead continued to consolidate at a high level in the 0.016–0.017 range
Third thing: a technical signal has appeared that you must watch closely
Over 24 hours, the swing was 78%, and within one hour it surged 59%. This kind of vertical rally is an extremely dangerous signal on any small-cap coin
The 4H timeframe is still in an upward channel; the 1H ran up then pulled back. MACD histogram turned negative, and short-term buying momentum weakened. RSI is around 68 on 1H and near 76 on 4H—still not in an extreme overbought zone. Order book depth shows an advantage of about 16.84%, and the funding rate is -0.0155%—shorts are effectively paying longs. The expectation of a short squeeze is still there
Key levels:
Support: 0.0155–0.0161 → 0.0145–0.015
Resistance: 0.0175–0.0185 → 0.02+ up to 0.028–0.03
Trading strategies
Conservative players:
Wait for a pullback to 0.0155–0.0161, then enter after it stabilizes. Stop loss below 0.0145. Targets: 0.018–0.0185; if it breaks out, look for 0.02+
Aggressive short-term:
Around the current price of ~0.017, if you see a low-volume consolidation followed by a breakout with rising volume, go long with a small position. Stop loss 0.0162. Take profit quickly at 0.0178–0.0185
Short idea:
If it spikes to 0.0185–0.019 and then shows a clear upper-wick + volume expansion followed by stalled price action, you can try a small short. Stop loss 0.0195. Target a pullback to 0.016