GMT USDT Gomining Token Technical Analysis

Gomining Token logo 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 cryptocurrency that utilizes blockchain technology to facilitate secure and transparent transactions. Gomining Token aims to provide users with an innovative platform for mining digital assets, enabling them to earn rewards in the form of GMT tokens. By leveraging the power of blockchain, Gomining Token seeks to create a decentralized ecosystem that empowers users and fosters collaboration within the cryptocurrency community.

Gomining Token Price Overview:

As of October 02, 2023, Gomining Token is trading at approximately 0.1555 USDT. Let’s dive into the detailed price action for GMT-USDT:

Metric Value
Open (O) 0.1645
High (H) 0.1651
Low (L) 0.1542
Close (C) 0.1555
Volume (C) 13,341,484.00
  • Open (O): The opening price for today’s trading session was approximately 0.1645 USDT.
  • High (H): Gomining Token reached a daily high of around 0.1651 USDT.
  • Low (L): The daily low for GMT-USDT was approximately 0.1542 USDT.
  • Close (C): At the time of analysis, Gomining Token is trading near its daily close of 0.1555 USDT.
Metric Value
1D Change (%) -5.41%
3D Change (%) -1.89%
7D Change (%) 1.83%
30D Change (%) 0.26%
90D Change (%) -33.26%
YTD Change (%) -32.30%

Over the past three days, GMTUSDT has fallen by approximately -1.89%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GMTUSDT maintaining an upward trend of approximately 0.26%, despite intermittent fluctuations. Examining the last 90 days, GMTUSDT has witnessed substantial decrease of approximately -33.26%, reflecting strong long-term confidence. Year-to-date, GMTUSDT has steadily depreciated by around -32.30%, 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 0.40049.
  • Momentum score is 0.00258.

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 13,341,484.00 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 43.78625. 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.

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.