GT (GateToken) Technical Analysis
Current Market Data
Price: $6.97 USD
Market Cap: $802.36M
24h Volume: $965,984
Rank: #75
Price Change (24h): -0.93% | (7d): -13.54%
Key Technical Indicators
Momentum Indicators
The 7-day RSI (48.09) shows neutral momentum, while the MACD histogram (+0.046) signals weak bullish divergence. The lack of strong bullish momentum (RSI <50) reinforces resistance barriers.
Volatility Assessment
- Volatility Score: 4.80 (Low)
- Liquidity Score: 22.93 (Moderate)
- Risk Score: 60.47 (Moderate-High)
Support & Resistance Levels
Primary Support Levels
- The currency is between support at points 9.60 and resistance at points 10.70.
- Daily closes relative to $10.36 resistance and $10.23 (50% Fib level) support should be monitored.
- Key support levels at 12.50–11.40 may provide stability.
Primary Resistance Levels
- GT faces resistance at the 38.2% Fibonacci retracement level ($10.36), a key technical threshold.
- Resistance around 16.40–17.50 will be crucial to watch.
- Immediate resistance lies at today's high of $17.00.
Chart Patterns & Trend Analysis
Bearish Signals
GateToken (GT) laid out the Descending Triangle pattern. This pattern is often regarded as a characteristic of a bearish trend.
GT has broken below the 200-day EMA ($15.50) on the daily chart, a significant bearish signal. The price is forming a bearish flag pattern, with the RSI at 42 trending downward.
Short-term Structure
On the 4-hour chart, GT is forming lower highs, signaling a bearish trend. The price is below the 50-period SMA ($15.75), and the ADX is rising, indicating strengthening bearish momentum.
Trading Volume Analysis
Volume is higher on bearish candles, indicating seller dominance. Current 24-hour volume of $965,984 reflects moderate trading activity relative to market cap, suggesting liquidity constraints during volatile moves.
Timeframe Analysis
Hourly (4H)
- Bearish trend with lower highs
- Price below 50-period SMA
- ADX rising (strengthening downtrend)
Daily
- Broken below 200-day EMA
- Bearish flag pattern forming
- RSI at 42 (neutral-to-bearish)
Weekly
GateToken (GT) is steadily improving on the weekly chart, as buyers gradually regain control. The price is approaching key resistance levels, suggesting traders are becoming more interested. In the coming weeks, GT may enter a more robust uptrend if it breaks above these levels.
Short-term Outlook
Bearish Bias: The currency gave a negative signal from the rectangle formation by the break down through the support at 10.34. Further fall to 9.58 or lower is signaled.
Consolidation Phase: GT's price trajectory suggests it may consolidate around current levels before attempting another breakout. The $14.00 zone, which previously acted as resistance, has now flipped into strong support and could serve as a key level to watch if prices dip further during this consolidation phase.
Medium-term Outlook
GT's dip reflects technical friction and sector competition, but its deflationary model and Web3 expansion provide stability. While short-term sentiment leans cautious, GT's burn rate and ecosystem integration suggest resilience.
Key Watch: Can GT hold $10.23 support amid Bitcoin's 58.96% dominance?
Critical Levels to Monitor
| Level | Type | Significance |
|---|
| $10.36 | Resistance | 38.2% Fibonacci retracement |
| $10.23 | Support | 50% Fibonacci level |
| $9.60 | Support | Primary support zone |
| $14.00 | Support | Flipped resistance-to-support |
| $16.40-17.50 | Resistance | Medium-term resistance zone |