a technical snapshot and brief analysis for $GTC /USDT (Gitcoin):
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📉 GTC/USDT — $0.201 (-10.27%)
Category: Infrastructure
Trend Bias: Bearish short-term, testing key support
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📊 24h Market Stats
Metric Value
Current Price $0.201
24h Change -10.27% 🔻
24h High $0.224
24h Low $0.200
24h Volume (GTC) 1.56M
24h Volume (USDT) $331,451.39
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📘 Order Book Depth
Resistance Levels Support Levels
$0.210 – 0.217 $0.200 – 0.199
Mid-pivot: $0.201 (current market price)
💡 Price is sitting just above the day’s low – indicating potential breakdown risk.
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🔄 Volume & Moving Averages
Indicator Value
Volume 30,634.9
MA(5) 22,783.5
MA(10) 27,601.9
✅ Current volume is higher than both MAs → some selling pressure, but active participation.
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📌 Key Technical Notes
Support zone: $0.200 – 0.195 → Critical short-term floor.
Resistance: $0.210 – 0.217
Structure: Price in a strong pullback, could be forming a descending channel or wedge.
Trend: Below both short-term MAs → bearish pressure confirmed.
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🔍 Potential Trade Setups
Strategy Entry Area Stop-Loss Target Range
Bounce Play $0.195 – 0.200 < $0.194 $0.210 – 0.217
Breakout Long > $0.224 < $0.217 $0.235 – 0.245
Fade Rebound $0.210 – 0.216 > $0.218 $0.201 – 0.195
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⚠️ Final Thoughts
Critical level: $0.200 — if broken with volume, could test deeper support at ~$0.188–0.190.
Risk zone: Highly reactive — wait for confirmation before entry.
Short-term trend is bearish, but price is nearing oversold zones.
Would you like a visual support/resistance chart or this compared to other infra tokens like DATA or UMA?
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