Here’s a technical snapshot and analysis of $GTC
/USDT (Gitcoin Perpetual)
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🧾 GTC/USDT Market Summary
Last Price: $0.224
24h Change: -3.86% 🔻
24h High / Low: $0.237 / $0.222
24h Volume (GTC): 1.31M
24h Volume (USDT): $302,204.38
Mark Price: Close to $0.224
Short-Term Volume: 106,047.1
MA(5): 68,447.4
MA(10): 54,284.9
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📊 Support & Resistance Levels
🔻 Support Zones
$0.222 – Local 24h low; key short-term floor
$0.221 – Extended support zone; small buffer before potential deeper drop
$0.215 (estimated) – Next historical support if breakdown continues
🔺 Resistance Zones
$0.229 → $0.234 – First resistance band
$0.237 – 24h high; needs to be reclaimed to shift short-term bias
$0.241–$0.242 – Stronger resistance zone, likely to see selling pressure
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🔍 Technical Indicators Summary
Indicator Value Interpretation
Price Trend 🔻 Bearish Lower highs & lows in play
Volume (Current) 📈 106K Surge above MA(5) & MA(10) → possible reaction brewing
MA(5) vs MA(10) 68K vs 54K Short-term momentum building, but still weak
Price has bounced from $0.222 but faces heavy resistance near $0.229–$0.234
The higher volume suggests potential for reversal, but price is still under pressure
Momentum likely favors scalp trades, not long swings yet
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🧭 Trade Outlook
🟩 Bullish Rebound Setup
Entry: $0.222–$0.225 (if double bottom forms)
Target 1: $0.234
Target 2: $0.237
Stop: Below $0.221
🟥 Bearish Breakdown Scenario
Trigger: Clean break of $0.221
Target: $0.215 or lower
Confirmation: Spike in red volume + rejection from $0.229
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🧠 Summary – GTC/USDT
Short-term bearish, but volume shows potential reversal pressure
Key to watch: $0.222 (support) and $0.234 (resistance)
Scalp or tight-range trading only until a breakout or breakdown is confirmed
Not ideal for swing positions unless price reclaims $0.237+
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