The recent price of GMT has shown a fluctuating downward trend, with a significant increase on December 27 followed by consecutive pullbacks.

The K-line on December 30 is a small bullish candle, but overall it is still in a fluctuating downward trend, with prices fluctuating between 0.15 and 0.2, but showing an overall downward trend.

Moreover, GMT's ranking among popular cryptocurrencies has declined recently, leading to lower attention and participation, resulting in a downward trend.

• Technical Indicator Analysis:

• MACD: Below the zero axis in both the 1-hour and 1-day periods, indicating strong bearish momentum, but showing signs of gradual convergence.

• RSI: Approaching the oversold zone (34.8708) in the 1-hour period but not entering; also approaching the neutral zone (46.9707) in the 1-day period.

• EMA: EMA7, EMA30, and EMA120 are diverging downwards in the 1-hour period, indicating significant short-term moving average pressure. In the 1-day period, EMA7 < EMA30 < EMA120, indicating that the long-term trend remains bearish.

• Trading Volume:

• The trading volume on December 30 increased, indicating greater market activity.

• The trading volume fluctuated significantly in the previous days, especially on December 28 and December 29, indicating frequent capital inflows and outflows.

In summary, GMT shows some price fluctuations and changes in trading volume in the short term, but the overall trend remains bearish.

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