$GPS trades at 0.01127, down -4.89%, after a sharp liquidity sweep to 0.01085 that instantly snapped back — a classic stop-hunt move. Price is now hovering right on the MA60 (0.01122), signaling a make-or-break zone.
Despite the red day, 24h volume is heavy (2.69B GPS / 35.86M USDT), confirming active participation, not dead price action. The long downside wick shows aggressive dip buying, while the recovery hints at short-term stabilization.
Key Levels
Support: 0.01085 → 0.01100
Immediate Resistance: 0.01130
Breakout Zone: 0.01160–0.01190
Failure Below: 0.01050 risk opens
Bias remains neutral-to-bearish, but momentum is coiling. A clean hold above MA60 flips the script into a relief bounce. Lose it, and sellers regain full control.
This is compression after chaos — expansion is coming.