$GTC Volatility Spike After Massive Rally
Gitcoin surged +32.08% intraday to trade at $0.420, riding strong early momentum that pushed it to a high of $0.546 before sharp profit-taking pulled prices back toward the $0.42 support zone. Despite the pullback, buying interest remains elevated, as seen in the strong bid-side order book (86% buy orders).
Key Levels to Watch
• Resistance: $0.500 – $0.546 — A breakout above this could open the door to $0.580 and $0.600.
• Support: $0.410 — Losing this level could see a deeper retracement toward $0.382 and $0.350.
Trade Setup — Prepare for Volatility
Bullish Entry:
• Condition: Price reclaims $0.500 with volume confirmation.
• Targets:
• TP1: $0.546
• TP2: $0.580
Bearish Entry:
• Condition: Breakdown below $0.410 with strong selling pressure.
• Targets:
• TP1: $0.382
• TP2: $0.350
GTC has shown explosive short-term momentum, but today’s 10% drop from highs warns of potential volatility traps. Watching for either a reclaim of the $0.50 level or a confirmed breakdown will be key for catching the next big move.