Ascending Triangle Formation Points to Major Rally by 2026

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Description: On the monthly chart, GT appears to be forming an ascending triangle pattern, characterized by higher lows since its 2020 low of $0.2575 and a horizontal resistance around $25-$26 (near the all-time high of $25.94). The current price of $22.145 is approaching the upper resistance line, with increasing bullish momentum as indicated by the MACD showing a bullish crossover on the monthly timeframe. The fully diluted valuation (FDV) of $6.75B suggests significant growth potential if adoption of the Gate.io ecosystem expands. A breakout above $26 could trigger a major rally.

Key Indicators/Patterns: Ascending triangle, higher lows, MACD bullish crossover, FDV analysis.

Price Target: A breakout above $26 could propel GT to $50-$65 by mid-2026, assuming sustained market adoption and favorable crypto market trends.

Timeframe: 12-18 months.

Source Reference: (all-time high and FDV), (technical analysis tools like MACD).

Penafian

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