🔻 End of a Long-Term Downtrend?
GMT has been in a strong downtrend since late 2024. A clearly defined descending trendline has acted as strong resistance—until now. The price has bounced from the major support zone between $0.0364 and $0.0425, which has held multiple times since March 2025.
🚀 Breakout Confirmation in Progress:
The chart shows a potential breakout from the descending trendline (yellow). A confirmed breakout with volume would indicate the start of a bullish reversal pattern.
🎯 Key Resistance / Profit Targets:
$0.0474 – Initial minor resistance
$0.0555 – First bullish confirmation
$0.0665 to $0.0744 – Medium-term target
$0.0977 to $0.1302 – Strong upside potential
$0.2108 to $0.2471 – Full bullish target zone if momentum continues
📌 Additional Notes:
The highlighted yellow area is a demand zone signaling potential accumulation.
This setup aligns with classic breakout-reversal formations.
Excellent risk/reward due to proximity to strong support.
#GMTUSDT #GMT #CryptoBreakout #AltcoinSeason #CryptoReversal
#TechnicalAnalysis #BreakoutCrypto #TradingSignals #CryptoTA
#BinanceTrading
GMT has been in a strong downtrend since late 2024. A clearly defined descending trendline has acted as strong resistance—until now. The price has bounced from the major support zone between $0.0364 and $0.0425, which has held multiple times since March 2025.
🚀 Breakout Confirmation in Progress:
The chart shows a potential breakout from the descending trendline (yellow). A confirmed breakout with volume would indicate the start of a bullish reversal pattern.
🎯 Key Resistance / Profit Targets:
$0.0474 – Initial minor resistance
$0.0555 – First bullish confirmation
$0.0665 to $0.0744 – Medium-term target
$0.0977 to $0.1302 – Strong upside potential
$0.2108 to $0.2471 – Full bullish target zone if momentum continues
📌 Additional Notes:
The highlighted yellow area is a demand zone signaling potential accumulation.
This setup aligns with classic breakout-reversal formations.
Excellent risk/reward due to proximity to strong support.
#GMTUSDT #GMT #CryptoBreakout #AltcoinSeason #CryptoReversal
#TechnicalAnalysis #BreakoutCrypto #TradingSignals #CryptoTA
#BinanceTrading
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.