the GT crypto asset is displaying bullish behaviorThe GT crypto price was in the bull court from October 2023 and skyrocketed from $3.75 to $11.50 by March 28th, 2024. It performed well in the last six months, as its gains of six months performance stayed at 91.43%, but the last two weeks displayed a violation of the uptrend at the supply level at $11.50, and this week's performance was also negative as price deteriorated -6.83% on the chart.
However, the GT crypto has revealed a sign of possible recovery coming soon on the daily chart, as the price showed sustenance gestures at a crucial support level of around $6.75 on the chart.
Since, the price skyrocketed from the same support, there lies a higher possibility that the GT crypto might be set for another colossal surge from the same spot, as the bulls have geared up to crack the resistance level and rocket to new peaks from the current support zone.
The GT asset is exhibiting bullish strength reviving in the crypto and its rising capacity is lurking on the daily chart, as it aims to cross major 20-day, and 50-day EMA's from below.
Meanwhile, the GT crypto asset is displaying bullish behavior as the MACD histogram is not growing in size, which is at -0.052 and showing sustenance activity. Similarly, the RSI highlights that it can extend its gains, as it has turned in the 14SMA direction in the hopes of cutting it from below.
At press time, the GT crypto is experiencing a surge of 2.44% in the last 24 hours, and it is currently trading at $7.14.
Therefore, if the demand for the GateToken price increases from the current support, it could bounce back remarkably. The next target for the price could be is to reach $8.0 and $9.0.
However, if the GT crypto price fails to stay above the $6.75 level, it could decline further.
