GMT/USDT – Weekly Candle Outlook (Technical Analysis)

GMT has shown signs of a potential bottom reversal after a prolonged downtrend, bouncing from a low of $0.03630 and currently trading around $0.06108. This recent upward move represents a +7.08% gain, with increasing volume—suggesting a possible shift in sentiment.

Key Technical Indicators:

• 7-Week MA ($0.05088) is now curving upward and being respected as support.

• Price is attempting to reclaim the 25-Week MA ($0.10562), which could act as the next resistance.

• Volume spikes suggest accumulation, with buyers slowly overpowering sellers (Bid: 56.90% vs. Ask: 43.10%).

• Historical resistance sits around $0.09 – $0.10, which could be tested if momentum continues.

Short-Term Candle Behavior Prediction:

Expect the next few weekly candles to show higher lows and potentially higher highs, especially if the price closes above the $0.065 resistance. A breakout above the 25-week MA may trigger further bullish momentum.