đ $GPS /USDT Technical Analysis (1D Chart)
đž Current Price: $0.0285 (+23.91%)
đ Moving Averages:
MA(7): $0.0235
MA(25): $0.0234
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Price has exploded above both short-term MAs with a clean bullish engulfing candle â momentum has shifted hard.
⥠Breakout From Multi-Week Accumulation
GPS has spent nearly 2 months in a tight range between $0.020 and $0.025.
Todayâs candle ripped through resistance with conviction, signaling the end of consolidation.
Volume likely surged (not shown here) â typical of a true breakout, not a fakeout.
đ§ Technical Outlook:
First major upside target is the $0.031â$0.033 range â previous local structure from April.
If bulls maintain momentum, a gap fill run toward $0.040â$0.045 isnât out of the question in coming days.
Watch for backtest of $0.025â$0.026 zone â could flip into strong support.
đ§± Key Levels:
Support: $0.0250 â $0.0235 (MA7)
Resistance: $0.0305 â $0.0330 â $0.0375
đŻ Trade Setup Notes:
Breakout traders may ride this momentum with a stop just below $0.0255.
Aggressive buyers may chase with eye on $0.031â$0.033 short-term targets.
Be alert for profit-taking wicks in low-liquidity conditions.
â ïž DYOR â Do Your Own Research.
This is not financial advice. Markets can be volatile â always trade responsibly!