$GEAR trades at $0.0007073 (−6.11%), continuing its sharp fade after the failed breakout that topped near $0.00161. The expansion was fully distributed, and price has since cascaded lower with no meaningful bid support.
Structure: Decisively bearish. Price is buried below all major moving averages — MA(7) $0.000868, MA(25) $0.001039, and MA(99) $0.001778 — confirming full trend loss and dominant overhead supply across timeframes.
Price Action: Daily candles show a clear breakdown sequence with weak follow-through on bounces. The market is now pinned near $0.00066–$0.00072, a fragile base formed by exhaustion rather than accumulation. Any green candles are immediately sold into, signaling risk-off positioning.
Liquidity & Metrics:
Market Cap: $7.07M
FDV: $7.07M
On-chain Liquidity: $62.63K
Holders: 11,020
Outlook: As long as GEAR remains below $0.00085–$0.00090, upside attempts are corrective and vulnerable to rejection. A clean loss of $0.00066 opens the door to deeper downside continuation. Only a high-volume reclaim of MA(7) would suggest early stabilization.
Spike absorbed. Trend broken. Market in full damage control mode.
