Analysis: At $22.44, 
GT is trading within a multi-year ascending channel, with higher lows since its 2020 bottom ($0.2575). The price is nearing the channel’s upper resistance at $26.00. A breakout could target $50 by 2028, aligning with CCN’s 2030 average price prediction of $40. The 50-day SMA ($18.50) is rising, supporting bullish momentum. The Fear & Greed Index at 44 suggests a neutral market, offering a potential entry point. On-balance volume (OBV) shows consistent buying pressure. Key support at $18.74 (pivot S2) must hold to sustain this trend. Gate.io’s global expansion and GT’s utility in fee discounts drive long-term demand.
Indicators: Ascending Channel, 50-day SMA ($18.50), OBV (Rising), Fear & Greed Index (44), Resistance ($26.00), Support ($18.74).
GT is trading within a multi-year ascending channel, with higher lows since its 2020 bottom ($0.2575). The price is nearing the channel’s upper resistance at $26.00. A breakout could target $50 by 2028, aligning with CCN’s 2030 average price prediction of $40. The 50-day SMA ($18.50) is rising, supporting bullish momentum. The Fear & Greed Index at 44 suggests a neutral market, offering a potential entry point. On-balance volume (OBV) shows consistent buying pressure. Key support at $18.74 (pivot S2) must hold to sustain this trend. Gate.io’s global expansion and GT’s utility in fee discounts drive long-term demand.Indicators: Ascending Channel, 50-day SMA ($18.50), OBV (Rising), Fear & Greed Index (44), Resistance ($26.00), Support ($18.74).
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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.