Latest GoPlus Security (GPS) Price Analysis

TLDR GoPlus Security (GPS) fell 0.62% in the past 24h, continuing a 7-day (-12.2%) and 30-day (-36.3%) downtrend. Here are the main factors:

1. Token Unlock Pressure – 542M GPS (31.75% of supply) entered circulation on July 28, increasing sell-side pressure
2. Oversold Technicals – RSI at 27.5 signals exhaustion, but MACD shows bearish momentum persists
3. Market Rotation – Bitcoin dominance rose to 57.4%, diverting capital from altcoins like GPS

Deep Dive

1. Token Unlock Impact (Bearish Catalyst)

Overview:
GPS unlocked 542 million tokens ($6.99M at current price) on July 28 as part of a broader $686M industry-wide unlock event (Tokenomist). This represented 31.75% of circulating supply – the most dilutive event of the week across major cryptos.

What this means:
New supply entering markets typically pressures prices unless met with proportional demand. With GPS volume down 40.8% to $4.33M in 24h, liquidity couldn't absorb the added tokens. Historical patterns show altcoins often decline 5-15% post-unlock during bearish markets.

2. Technical Weakness (Mixed Signals)

Overview:
GPS trades 69% below its 30-day SMA ($0.0166) with RSI7 at 27.46 – deep in oversold territory. However, MACD histogram turned negative (-0.00005466) on August 23, signaling bearish momentum.

What this means:
While oversold conditions sometimes precede rebounds, the lack of bullish divergence in MACD suggests continued downside risk. Immediate resistance lies at the 23.6% Fibonacci level ($0.0139). A sustained break below $0.012 could target the July low of $0.0118.

3. Altcoin Sentiment Drain (Macro Factor)

Overview:
Bitcoin dominance climbed to 57.4% as traders rotated into safer large-caps. The Altcoin Season Index sits at 50/100 – neutral territory – with open interest in GPS perpetuals dropping 41.2% in 24h.

What this means:
Security tokens like GPS often underperform during risk-off periods. The crypto fear/greed index at 53 (neutral) shows no strong incentive for altcoin speculation.

Conclusion

GPS faces triple pressure from token dilution, technical breakdowns, and capital flight to Bitcoin. While oversold levels hint at possible stabilization, recovery likely requires either renewed product traction (like adoption of its new Security Firewall) or broader altcoin momentum.

Key watch: Can GPS hold above its July swing low ($0.0118) despite circulating supply increasing to 2.63B tokens?

Deep Dive

1. Strategic Token Allocation (Bullish Impact)

Overview:
On July 16, GoPlus reallocated 842.26M GPS tokens (8.42% of total supply) to ecosystem, marketing, and community wallets. Critically, these tokens were not sold but earmarked for development (GoPlus tweet).

What this means:
The move signaled responsible supply management amid a 39% 30-day price decline. By avoiding immediate market dilution, it temporarily stabilized sentiment. However, the circulating supply still grew by 32% in July due to earlier unlocks, capping upside potential.

What to look out for:
Tracking on-chain activity in the community wallet for unexpected sell pressure.

2. Security Fund Launch (Mixed Impact)

Overview:
GoPlus launched a $10M GPS token fund on July 24 to reward security researchers, locking 500M tokens (4.8% of supply) into the initiative (CoinMarketCap).

What this means:
While the fund strengthens GoPlus’ security ecosystem (a core value proposition), it introduced new token emissions. The market initially reacted positively to the utility boost, but the 30-day price drop of 39% suggests lingering concerns about long-term supply inflation.

3. Technical Rebound (Neutral)

Overview:
GPS’ 14-day RSI hit 22.11 on August 20 – its most oversold level since March 2025. Prices rebounded from a critical Fibonacci support zone near $0.0122.

What this means:
The bounce aligns with historical reversals from extreme RSI lows. However, GPS remains below all key moving averages (7-day SMA: $0.0136), and the MACD histogram shows sustained bearish momentum.

What to look out for:
A close above the 7-day SMA ($0.0136) could signal short-term strength, while a drop below $0.0122 may renew selling pressure.

Conclusion

GPS’ 24h gain reflects a mix of strategic token management, utility-driven demand for its security fund, and technical mean reversion. However, the token remains in a broader downtrend, with supply growth and weak momentum posing risks.

Key watch: Can GPS hold above $0.0131 amid rising trading volume (+25.76% in 24h)?