Analysis: 
GT failed to break the $16.00 resistance on the daily chart, forming a bearish shooting star candle. The price is below the 50-day SMA ($15.80), and the MACD is showing a bearish crossover. Declining volume indicates fading bullish conviction, aligning with broader altcoin weakness.
Key Levels:
Support: $14.50, $13.50
Resistance: $16.00, $17.20
Target: $13.50
Outlook: Short on a close below $15.60 with a stop loss above $16.00. Target $13.50 for a 13%+ decline. Watch for bearish follow-through.
GT failed to break the $16.00 resistance on the daily chart, forming a bearish shooting star candle. The price is below the 50-day SMA ($15.80), and the MACD is showing a bearish crossover. Declining volume indicates fading bullish conviction, aligning with broader altcoin weakness.Key Levels:
Support: $14.50, $13.50
Resistance: $16.00, $17.20
Target: $13.50
Outlook: Short on a close below $15.60 with a stop loss above $16.00. Target $13.50 for a 13%+ decline. Watch for bearish follow-through.
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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.