#CryptoTrading.

📊Technical Analysis (1 hour) $GPS /USDT

1. Price and Trend:

• Current Price: 0.01016 USD (+8.09% for the period).

• The chart shows a recent sharp price jump up after a period of decline, which may indicate the beginning of a correction or trend reversal.

2. Bollinger Bands (20, 2):

• The price has approached the upper limit (0.01007), which may signal overbought conditions. The middle line (0.00942) served as support, but the price has now broken it upwards.

3. MACD:

• MACD (0.00010) is above the signal line (DEA -0.00011), which indicates bullish momentum. However, the difference is small, and this may only be a short-term signal.

4. RSI (Stochastic RSI):

• RSI: 72.7794 (MA: 44.99474). A value above 70 indicates possible overbought conditions, which may portend a correction.

5. Volume:

• A sharp increase in volumes (384.251 million) coincided with a price jump, which supports the movement and indicates increased interest from traders.

⚠️Conclusion: Short-term bullish momentum is present, but high RSI values ​​and approaching the upper Bollinger Bands may signal a risk of correction. It is recommended to monitor the support level at 0.00942 and resistance at 0.01056.