$GMT
The recent price of GMT has shown a volatile downward trend, with a significant increase on December 27 followed by continuous pullbacks.
The K-line for December 30 is a small bullish line, but overall it remains in a volatile downward trend, with prices fluctuating between 0.15 and 0.2, but showing an overall downward trend.
Moreover, GMT's ranking among popular cryptocurrencies has declined recently, resulting in low attention and participation, leading to a downward trend.
• Technical Indicators Analysis:
• MACD: Below the zero axis in both the 1-hour and 1-day cycles, indicating strong bearish momentum, but showing signs of gradual convergence.
• RSI: Approaching the oversold area (34.8708) in the 1-hour cycle, but not entering; also approaching the neutral area (46.9707) in the 1-day cycle.
• EMA: EMA7, EMA30, and EMA120 are all diverging downward in the 1-hour cycle, indicating significant short-term moving average pressure. In the 1-day cycle, EMA7 < EMA30 < EMA120, indicating that the long-term trend remains bearish.
• Trading Volume:
• The trading volume on December 30 increased, indicating greater market activity.
• The trading volume fluctuated significantly in the previous days, especially on December 28 and December 29, showing frequent inflows and outflows of capital.
In summary, GMT shows certain price fluctuations and changes in trading volume in the short term, but the overall trend is bearish.