GMT price trend shows a key breakout signal. On the daily chart, the descending wedge was successfully broken through by a strong bullish candle, which is usually the prelude to a bullish reversal. Once this breakout is confirmed and stabilized, a considerable upward move may follow. Market participants are generally focused on the key level of $0.03000—if it can be effectively broken and held, GMT is expected to enter a stronger upward phase. From a technical perspective, various indicators are beginning to turn positive, and it is worth monitoring subsequent trend confirmation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
gas_fee_therapy
· 7h ago
It's another wedge breakout, sounds familiar... It would only count if 0.03 can hold steady.
View OriginalReply0
NftRegretMachine
· 8h ago
0.03 is about to break or not, I've seen this trick with GMT many times haha
View OriginalReply0
AltcoinTherapist
· 8h ago
0.03 is going to be smashed again, just like every time.
View OriginalReply0
AllTalkLongTrader
· 8h ago
Another technical analysis trying to cut the leeks? Can 0.03 really hold steady?
GMT price trend shows a key breakout signal. On the daily chart, the descending wedge was successfully broken through by a strong bullish candle, which is usually the prelude to a bullish reversal. Once this breakout is confirmed and stabilized, a considerable upward move may follow. Market participants are generally focused on the key level of $0.03000—if it can be effectively broken and held, GMT is expected to enter a stronger upward phase. From a technical perspective, various indicators are beginning to turn positive, and it is worth monitoring subsequent trend confirmation.