Recently looking at the GG/USDT trading pair, it's quite interesting.
From a long-term perspective, this coin has experienced a prolonged unilateral decline and is now clearly forming a bottom. You can feel it by looking at the daily chart—the price repeatedly tests the 0.0040 level, each time without a valid breakdown, forming a clear support level. What does this indicate? The selling pressure below is gradually weakening, and the bears are no longer as strong.
Even more interesting are the recent candlestick patterns. The lows are gradually rising, and the price center of gravity is also beginning to shift upward, a typical bottoming signal. The moving average combinations are also changing—short-term MA7 has already turned upward and is closely following the price; MA25 remains flat; the previous bearish arrangement is being broken. These are signs that a trend reversal is imminent.
What about trading volume? The bottom area clearly shows decreasing volume, but as soon as there is a rebound, a volume-increasing bullish candle appears immediately. This pattern of "shrinking volume with calmness, volume expansion with a bang" best indicates that funds are testing the entry.
From the price space perspective, GG is still at a historical low, and the trapped positions above are gradually decreasing. Once it breaks through the previous consolidation platform and the short-term moving averages' resistance, a technical rebound is likely to be triggered, possibly extending toward medium-term target levels.
Overall, GG has the basic conditions to start from the bottom and accelerate upward. If volume can increase in subsequent stages, the probability of a staged rebound is still quite high. Of course, all investments carry risks; this is only a technical analysis of possibilities, and specific operations should be based on your own risk tolerance.
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SandwichTrader
· 9h ago
0.0040 is indeed resistant to decline, there's something there.
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OnlyUpOnly
· 9h ago
I've been watching this coin GG for a while too. The bottom signals are indeed good, but I always feel like it will keep deceiving people repeatedly.
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GhostWalletSleuth
· 9h ago
This time GG's bottoming out really held strong, and the 0.0040 barrier is probably about to break.
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RebaseVictim
· 9h ago
Wow, repeatedly testing the 0.0040 level without breaking? There's something there. The bottom business still depends on trading volume.
Recently looking at the GG/USDT trading pair, it's quite interesting.
From a long-term perspective, this coin has experienced a prolonged unilateral decline and is now clearly forming a bottom. You can feel it by looking at the daily chart—the price repeatedly tests the 0.0040 level, each time without a valid breakdown, forming a clear support level. What does this indicate? The selling pressure below is gradually weakening, and the bears are no longer as strong.
Even more interesting are the recent candlestick patterns. The lows are gradually rising, and the price center of gravity is also beginning to shift upward, a typical bottoming signal. The moving average combinations are also changing—short-term MA7 has already turned upward and is closely following the price; MA25 remains flat; the previous bearish arrangement is being broken. These are signs that a trend reversal is imminent.
What about trading volume? The bottom area clearly shows decreasing volume, but as soon as there is a rebound, a volume-increasing bullish candle appears immediately. This pattern of "shrinking volume with calmness, volume expansion with a bang" best indicates that funds are testing the entry.
From the price space perspective, GG is still at a historical low, and the trapped positions above are gradually decreasing. Once it breaks through the previous consolidation platform and the short-term moving averages' resistance, a technical rebound is likely to be triggered, possibly extending toward medium-term target levels.
Overall, GG has the basic conditions to start from the bottom and accelerate upward. If volume can increase in subsequent stages, the probability of a staged rebound is still quite high. Of course, all investments carry risks; this is only a technical analysis of possibilities, and specific operations should be based on your own risk tolerance.