GPS market worth paying attention to. The current price is around 0.00586, and there are several clear signals from a technical perspective.

The three EMA lines are already beginning to converge, indicating an imminent trend reversal. More importantly, the STOCHRSI and KDJ indicators are both operating at high levels, and recent K-lines have shown a clear death cross, exerting significant downward pressure. The MACD red histogram is also shrinking, indicating a lack of momentum.

It just surged to the 0.006155 level before being pushed down again. Based on the speed and strength of the pullback, there is considerable selling pressure above. This kind of rise followed by a pullback usually suggests there may still be room for further decline. If this judgment is correct, the support level to watch below is 0.00562.

The opportunity in this wave of market movement is worth observing, and several technical signals are currently pointing in the same direction.