Market Rally: $GTC Surges 44% On Heavy Trading
Current Performance
• GTC trading at $0.45, up 44% in 24 hours with $127.5M trading volume
• Market cap reaches $44.8M with 96.38M circulating supply
• Bitcoin stability above $100K provides positive market backdrop
• Technical breakout from previous $0.29 resistance level confirmed
Key Drivers
• No specific news catalyst - purely technical and momentum-driven
• "Altcoin" Google search volume reaches 5-year high, indicating retail interest
• Bullish engulfing pattern formed with RSI at 58 and positive MACD
• Gitcoin's evolution to decentralized protocol (Gitcoin 2.0) builds longer-term confidence
Trading Strategy
• Key support zone identified at $0.289-$0.290 (Fibonacci retracement)
• Resistance levels to watch at $0.50-$0.52 (14-15% potential upside)
• Consider scaling into positions near support zones
• Set protective stops below $0.287 to manage downside risk
• Monitor Bitcoin's performance as continued strength could support further gains
