GateToken/Tether
Panjang

Declining Volume and Resistance Rejection Point to Downside

3
Analysis: GT’s recent rally to $22.488 was met with rejection at the $22.67 resistance, accompanied by a 34.7% drop in 24-hour trading volume to $11.58M, signaling waning buyer interest. The Williams %R indicator is near -20, indicating overbought conditions. The price is hovering near the upper Bollinger Band, often a precursor to a pullback. A break below $21.47 could trigger a move toward $19.95, with $18.74 as the next support if selling pressure increases.
Entry Point: $21.70
Target Price: $19.95
Stop Loss: $22.90
Timeframe: 1–2 weeks
Rationale: Reduced volume and overbought signals suggest GT is vulnerable to a correction, particularly after failing to break key resistance.

Penafian

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