In this Gitcoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for GTC-USDT. Gitcoin is a decentralized cryptocurrency that utilizes blockchain technology to facilitate the creation, management, and execution of smart contracts. Through its unique governance model, Gitcoin allows holders of its native token (GTC) to vote on proposals for funding and development projects, ensuring that the project’s resources are allocated in a decentralized and transparent manner. By leveraging blockchain technology and community-driven decision-making, Gitcoin is poised to revolutionize the way we think about decentralized finance and governance.
Gitcoin Price Overview:
As of October 02, 2023, Gitcoin is trading at approximately 0.984 USDT. Let’s dive into the detailed price action for GTC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.015 |
| High (H) | 1.099 |
| Low (L) | 0.961 |
| Close (C) | 0.984 |
| Volume (C) | 6,168,255.20 |
- Open (O): The opening price for today’s trading session was approximately 1.015 USDT.
- High (H): Gitcoin reached a daily high of around 1.099 USDT.
- Low (L): The daily low for GTC-USDT was approximately 0.961 USDT.
- Close (C): At the time of analysis, Gitcoin is trading near its daily close of 0.984 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.05% |
| 3D Change (%) | 6.49% |
| 7D Change (%) | 12.07% |
| 30D Change (%) | 8.49% |
| 90D Change (%) | -16.40% |
| YTD Change (%) | -24.13% |
Over the past three days, GTCUSDT has risen by approximately 6.49%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 12.07%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GTCUSDT maintaining an upward trend of approximately 8.49%, despite intermittent fluctuations. Examining the last 90 days, GTCUSDT has witnessed substantial drop of approximately -16.40%, reflecting strong long-term confidence. Year-to-date, GTCUSDT has steadily dropped by around -24.13%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Gitcoin Live Chart:
You can access a live price chart for GTC-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 0.60128.
- Momentum score is 0.0849.
GTC USDT Technical Analysis
Gitcoin Trading Volume:
The trading volume for Gitcoin (GTC) over the past 24 hours has been significant, with approximately 6,168,255.20 USDT traded against GTC. 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): GTC is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Gitcoin is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GTC-USDT is currently in the neutral zone, around 52.07394. This suggests that Gitcoin is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Gitcoin (GTC-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and significant trading volume are neutral signals for potential sideways 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.
