Here’s the technical analysis report for $GMT /USDT:
$GMT /USDT is currently trading at $0.13261, showing an increase of 9.33% in the last 24 hours. After hitting a low of $0.11890, the price has rebounded sharply, reflecting a strong buying sentiment. The upward momentum is pushing GMT toward its 24-hour high of $0.13319, which currently serves as the immediate resistance level. This bullish reversal is encouraging, as it suggests that buyers have stepped in after a period of decline.
If GMT continues to push higher and breaks above the resistance at $0.13319, the next key target would be around $0.14286, a previous high. However, if it fails to break the resistance and pulls back, support can be found near $0.12649. A drop below this support level might lead to further consolidation or a retest of the recent low at $0.11890.
Overall, GMT/USDT appears to be in a recovery phase after a recent downtrend, with a bullish bias currently in play. Traders should watch for a breakout above the resistance to confirm the continuation of this upward momentum, while keeping an eye on support levels for any potential retracement.
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