$GPS just spiked to a new high, dropped hard almost immediately, and is now trying to hold its ground at $0.01122. That sharp wick down right after the high is the kind of move worth paying attention to before deciding what comes next.
The area I'm watching is $0.01067, which was the breakout zone right before this final push. If price holds above that and buyers step back in, another attempt at $0.01140 and higher looks likely. If it breaks below that zone, the move looks like it failed and a deeper drop back toward the $0.01000 area becomes more likely.
Volume spiked heavily on both the push up and the drop right after, so there was real activity on both sides. What matters now is whether buying volume shows up again on the next push, or whether this stays quiet and the move just fades.
I think if price breaks above $0.01140 with good volume, it's likely more upside is coming.
Also if price falls hard below $0.01067, the run is probably over and a real drop can follow.
Price: $0.01122
24h Change: +11.20%
Volume Traded: 2.27M USDT
Timeframe: 15m
DYOR, not financial advice.
The area I'm watching is $0.01067, which was the breakout zone right before this final push. If price holds above that and buyers step back in, another attempt at $0.01140 and higher looks likely. If it breaks below that zone, the move looks like it failed and a deeper drop back toward the $0.01000 area becomes more likely.
Volume spiked heavily on both the push up and the drop right after, so there was real activity on both sides. What matters now is whether buying volume shows up again on the next push, or whether this stays quiet and the move just fades.
I think if price breaks above $0.01140 with good volume, it's likely more upside is coming.
Also if price falls hard below $0.01067, the run is probably over and a real drop can follow.
Price: $0.01122
24h Change: +11.20%
Volume Traded: 2.27M USDT
Timeframe: 15m
DYOR, not financial advice.
