In this Gomining Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for GMT-USDT. Gomining Token (GMT) is a utility token that powers the Gomining ecosystem, providing users with access to a wide range of tools and services for mining and staking. With its proof-of-stake consensus algorithm, GMT enables fast and secure transactions, making it an attractive option for those looking to invest in cryptocurrency. Additionally, GMT’s decentralized governance model ensures that the token remains truly community-driven, with holders having a say in its development and growth.
Gomining Token Price Overview:
As of June 30, 2024, Gomining Token is trading at approximately 0.1624 USDT. Let’s dive into the detailed price action for GMT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1624 |
| High (H) | 0.1641 |
| Low (L) | 0.1592 |
| Close (C) | 0.1624 |
| Volume (C) | 8,460,331.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1624 USDT.
- High (H): Gomining Token reached a daily high of around 0.1641 USDT.
- Low (L): The daily low for GMT-USDT was approximately 0.1592 USDT.
- Close (C): At the time of analysis, Gomining Token is trading near its daily close of 0.1624 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | -3.91% |
| 7D Change (%) | 1.88% |
| 30D Change (%) | -30.39% |
| 90D Change (%) | -52.54% |
| YTD Change (%) | -49.07% |
Over the past three days, GMTUSDT has declined by approximately -3.91%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.88%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GMTUSDT maintaining a downward trend of approximately -30.39%, despite intermittent fluctuations. Examining the last 90 days, GMTUSDT has witnessed substantial decline of approximately -52.54%, reflecting strong long-term confidence. Year-to-date, GMTUSDT has steadily decreased by around -49.07%, 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-USDT 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 0.63707.
- Momentum score is -0.2128.
GMT USDT Technical Analysis
Gomining Token Trading Volume:
The trading volume for Gomining Token (GMT) over the past 24 hours has been insignificant, with approximately 8,460,331.00 USDT 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-USDT is currently in the low zone, around 38.22475. This suggests that Gomining Token is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Gomining Token (GMT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Gomining Token (GMTUSDT) faces challenges, trading at 1.62e-01 USDT, as technical analysis signals weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on GMT BTC Gomining Token Technical Analysis — a perfect follow-up if you enjoyed this post.
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.