- GPS surged nearly 97% after a descending channel breakout, flipping the Point of Control zone into strong support.
- Market cap reached $43.17M with a 431.36% volume increase, showing strong liquidity and bullish market participation.
- GPS community sentiment is 81% bullish as traders monitor continuation above the flipped PoC support zone.
GoPlus Security (GPS) has delivered a breakout-driven surge that reshaped trader sentiment. A sharp move from its prolonged downtrend pushed the token into a near-vertical rally, confirming momentum strength and validating early bullish positioning in the market.
Breakout from Descending Channel
The price action of GPS demonstrated the precision of technical trading structures. For weeks, the token trended within a descending channel, consistently forming lower highs and lower lows under heavy selling pressure. Each attempt to reclaim resistance failed, maintaining the bearish environment.
This changed with a decisive breakout. According to CryptoBull_360 (@CryptoBull_360), GPS surged nearly 97% after escaping the channel, signaling a reversal. The breach marked the exhaustion of sellers and confirmed a fresh bullish phase for the token.
Such a breakout also shifted market sentiment instantly. What had been prolonged weakness turned into a sharp upward trajectory. Traders positioned within the channel structure were rewarded as price acceleration transformed into one of the most notable moves in recent weeks.
Flipping the Point of Control Resistance
A critical factor in the surge was the Point of Control (PoC) resistance zone visible in the volume profile. This area reflected heavy trading activity, where sellers had previously capped gains and defended downward moves.
Once GPS breached the PoC, the zone flipped into support. This decisive event opened a clear path for momentum to expand. The shift from supply to demand created a rally base that traders used to capture large returns.
CryptoBull_360 noted that VIP traders benefitted strongly from this structure. With the PoC now acting as support, GPS sustained its gains, reinforcing the bullish scenario and strengthening confidence in the breakout.
Market Performance and Sentiment
The rally extended into broader market performance metrics. GPS is, as of writing, priced at $0.01631, with a daily gain of 40.64% that elevated its market cap to $43.17 million.
Trading volume soared 431.36% within 24 hours, reaching $214.42 million and pushing the volume-to-market cap ratio to nearly 494%. Such turnover shows robust liquidity and active participation by traders seizing the breakout opportunity.
Community sentiment remains strongly supportive, with 81% of over 15,000 voters marking bullish expectations. Traders such as BlackThorn highlighted GPS’s swift acceleration, while chart structures suggest continued monitoring of the breakout zone as momentum unfolds.
