Based on the graph $GMT , several key points can be identified:
1. Bollinger Bands: The current price is at the lower boundary of the Bollinger Bands, which may indicate that the asset is oversold or foreshadow a price reversal. Key levels: support - 0.0759, resistance - 0.2500.
2. Money Flow Index (MFI): The MFI is 30.45, indicating weak buying pressure. The indicator is close to the oversold zone (below 20), which may indicate an imminent reversal or short-term gain.
3. Price Dynamics: The recent 23.88% surge came amid a downtrend since late 2022. The current price around 0.1442 could be a sign of consolidation before a new move.
4. Trading Volumes: Trading activity remains stable but without any sudden changes, indicating that there is no significant manipulation or large trades.
The price of #GMT is in the oversold zone, and there is a possibility of a short-term rebound. However, the main trend remains downward, and investors should watch the support and resistance levels for decision making. The current price is 0.1446 USD, in the last 24 hours GMT has lost 13%, which may be related to the general market sentiment. And there is also news that an updated project will be launched soon.
