In this Gomining Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for GMT-BTC. Sure, here are three sentences about Gomining Token (GMT) cryptocurrency: Gomining Token (GMT) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm to secure its network and validate transactions. With a focus on sustainability and accessibility, GMT offers a unique mining mechanism that allows users to earn rewards without the need for expensive hardware. Additionally, GMT’s innovative governance model enables holders of the token to have a say in the direction of the project, fostering a sense of community and collaboration within the blockchain ecosystem.
Gomining Token Price Overview:
As of October 03, 2023, Gomining Token is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for GMT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 217,238.80 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Gomining Token reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for GMT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Gomining Token is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | -3.38% |
| 7D Change (%) | -1.89% |
| 30D Change (%) | -4.52% |
| 90D Change (%) | -21.67% |
| YTD Change (%) | -58.89% |
Over the past three days, GMTBTC has decreased by approximately -3.38%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.89%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GMTBTC maintaining a downward trend of approximately -4.52%, despite intermittent fluctuations. Examining the last 90 days, GMTBTC has witnessed substantial drop of approximately -21.67%, reflecting strong long-term confidence. Year-to-date, GMTBTC has steadily depreciated by around -58.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Gomining Token Live Chart:
You can access a live price chart for GMT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.30781.
- Momentum score is -0.04515.
GMT BTC Technical Analysis
Gomining Token Trading Volume:
The trading volume for Gomining Token (GMT) over the past 24 hours has been insignificant, with approximately 217,238.80 BTC traded against GMT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): GMT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Gomining Token is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GMT-BTC is currently in the low zone, around 41.05432. This suggests that Gomining Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Gomining Token (GMT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
