It's time to buy $GTC /USDT Market Insight – Sharp Sell-Off Finds Support at Lows
$GTC has seen heavy selling pressure, dropping nearly 20% in the last 24 hours from a high of $0.546 to a low of $0.356. It’s currently trading at $0.368, showing signs of stabilizing near the day’s bottom after the steep decline.
The asset’s quick bounce from $0.356 suggests buyers are starting to absorb the selling pressure, but momentum remains fragile. A recovery attempt could face immediate resistance near $0.393, where previous breakdown levels may trigger fresh selling.
If bulls manage to reclaim and hold above $0.393, upside targets lie near $0.410 and $0.430. However, failure to sustain above current levels could see the price retesting $0.356 and possibly dipping toward the $0.340 zone.
Key Levels to Watch:
Immediate Resistance: $0.393
Breakout Target 1: $0.410
Breakout Target 2: $0.430
Support Zone: $0.356 to $0.340
Conclusion:
$GTC is attempting to stabilize after a sharp sell-off. A break above $0.393 with strong volume could spark a short-term recovery, but weakness below $0.356 may invite further downside.
