GateToken/Tether
Panjang

GT’s Bullish Reaccumulation Signals $26 Potential

6
Analysis: GT is forming a cup-and-handle pattern on the weekly chart, a bullish continuation signal. The price at $21.8 is above the 50-day SMA ($21.37), with increasing exchange outflows (+$8.2M past week) indicating accumulation. The MACD histogram is turning positive, and the price is testing the 0.618 Fibonacci extension from the $5.65 low to $25.95 high. A break above $22.15 could push toward $26, aligning with the 0.786 Fibonacci level. Gate.io’s buyback-and-burn program supports long-term value.

Entry: $21.80 - $22.00

Target: $26.00 (19.27% upside)

Stop Loss: $20.80 (4.59% downside)

Risk-Reward Ratio: 4.2:1

Indicators: MACD, Fibonacci Extension, 50-day SMA

Penafian

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