🚨 Will Tomorrow's $GMT Unlock Bring Another Dump? 🚨

On Dec 9, 2024, GMT saw a -19.30% drop 📉 after a major unlocking event. Large sell-offs and increased circulating supply caused heavy selling pressure, with volumes surging to 119.61M GMT. Momentum indicators (EMA, MACD) confirmed bearish sentiment, and the price fell from $0.2445 to $0.1974.

📊 What Happened on December 9th?

Unlocking Event Impact:

A large number of $GMT tokens were unlocked, increasing the circulating supply.

This led to a sharp sell-off as investors offloaded tokens, pushing the price down from $0.2445 to $0.1974.

Volume Surge:

The volume spiked to 119.61M $GMT , signaling a high level of selling activity.

Momentum Decline:

The EMA indicators showed a downward crossover, reflecting weakening momentum.

MACD and KDJ indicators confirmed bearish sentiment, with no signs of recovery in the short term.

Tomorrow, another unlocking event is set to take place. Could we see a similar drop?

📊 What to Watch:

Selling Pressure: Unlocked tokens may lead to more sell-offs, pushing the price below $0.1410.

Volume & Momentum: Watch for spikes in volume and bearish momentum on EMA, MACD, and OBV.

🛠️ How to Prepare:

- Set stop-loss levels to manage risk.

- Consider buying opportunities if fundamentals remain strong.

Stay informed on project updates.

⚠️ Disclaimer: This is not financial advice. Always #DYOR before making decisions.

#GMT #Crypto #UnlockingEvent #Binance