GT/USDT is showing early signs of a short-term trend shift after a prolonged bearish phase. On the 1H chart, price rebounded strongly from the 7.16 support zone, forming a higher low and reclaiming the 8.18–8.30 area. This bounce is supported by improving volume and a clear bullish crossover on MACD, with histogram turning positive, suggesting momentum is gradually shifting to buyers.
Moving averages are beginning to compress, with price pushing above the short-term MA5 and MA10, while MA30 still acts as overhead resistance. This structure often signals a relief rally or the early stage of a trend reversal, especially after an extended downtrend. However, the broader market structure remains cautious, as GT is still trading well below the 9.40 average price and previous resistance near 9.50–10.10. If price holds above 8.10–8.20, bulls may attempt a continuation toward 8.60 and 9.00 in the near term. A rejection at these levels could lead to consolidation or a retest of recent lows. Overall, momentum favors a short-term bullish recovery, but confirmation requires sustained volume and a clean break above key resistance zones. Traders should manage risk carefully and watch for follow-through. Patience and discipline remain essential in current market conditions. $GT $BTC #CryptoMarketPullback #gt #btc
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GT/USDT is showing early signs of a short-term trend shift after a prolonged bearish phase. On the 1H chart, price rebounded strongly from the 7.16 support zone, forming a higher low and reclaiming the 8.18–8.30 area. This bounce is supported by improving volume and a clear bullish crossover on MACD, with histogram turning positive, suggesting momentum is gradually shifting to buyers.
Moving averages are beginning to compress, with price pushing above the short-term MA5 and MA10, while MA30 still acts as overhead resistance. This structure often signals a relief rally or the early stage of a trend reversal, especially after an extended downtrend. However, the broader market structure remains cautious, as GT is still trading well below the 9.40 average price and previous resistance near 9.50–10.10.
If price holds above 8.10–8.20, bulls may attempt a continuation toward 8.60 and 9.00 in the near term. A rejection at these levels could lead to consolidation or a retest of recent lows. Overall, momentum favors a short-term bullish recovery, but confirmation requires sustained volume and a clean break above key resistance zones. Traders should manage risk carefully and watch for follow-through. Patience and discipline remain essential in current market conditions.
$GT
$BTC
#CryptoMarketPullback #gt #btc