Are you considering investing in the GateToken? Have you been tracking the price charts and wondering whether it’s a good time to enter the market? Then you are in the right place. Today, let’s deeply dive into the latest GateToken price action in the last 24 hours. Since yesterday, the GT price has tanked by 4.78%, a slow bleed after spending a positive week in concert with the market-wide crypto boom. With prices slowly receding, traders have also liquidated their positions, as the 24H trading volume also dropped by 51.29%.
The price action in the last 24 hours has been chiefly horizontal, working in a narrow range between $24.2 resistance and $23.1 support. The current consolidation is quite in line with its performance in the last month, flatlining for the most part. Given that, let’s quickly dive into the GateToken price analysis and try to anticipate possible trends. GT price prediction at the end!
GateToken Price Analysis of the Last 24 Hours
GateToken traded at $23.626 at the beginning of yesterday. However, a wide death cross formed on the MACD simultaneously, leading to a brief downtrend in the first hour of trading. By 1:00 UTC, the GT price had slumped to $23.32. With the coin almost oversold at this point, a golden cross formed 15 minutes later. GT soon started ascending the charts, reaching $23.94. With the RSI showing a heavily overbought situation, the price stabilized there for a while. Soon, as the RSI made its way back to the midline, GT continued to climb, facing rejection at $24.2 at 6:00 UTC.
Chart 1: published on TradingView, April 24, 2025
Failure to break the resistance led the bullish pressure to wane slowly, and the GateToken price followed suit. A death cross formed, and a slow downtrend ensued, initially taking the coin to $24.07. However, around 9:00 UTC, the death cross widened, and GT slumped to $23.67. Right after, a period of stabilization began as horizontal price movements ensued till 13:30 UTC. However, the bearish pressure continued to dominate, and another death cross formed at 13:50, leading GT down to $23.12, also its 24-H low.
The coin was oversold at this point, and a sharp reversal occurred as GateToken regained $23.654 by 19:00 UTC. However, the price movements flattened, and GT continued to consolidate until 22:00 UTC. Strong and sustained bearish pressure was observed as the RSI hovered below the midline. The downward trend eventually led the price to $23.49 by midnight.
GT Price Action Today
The bearish pressure has continued working on the GateToken price today. Trading began at $23.5, but the selling trend has led to a gradual downtrend. It has spent the entire morning receding. At around 6:00 UTC, the coin also went on to test the $23.1 psychological support. However, the support did not hold, and sell-offs ensued, as the RSI indicated oversold conditions. Even after the oversold conditions, a reversal was not seen as the RSI continued to hover near the oversold zones.
GT Price Prediction: Can GateToken Reverse Its Fortunes Soon?
With the amount of bearish pressure that the GT price is experiencing, it may need to stage a reversal soon. As of the latest update, the price has slumped to $22.844. The RSI is again in the oversold region. If the bulls deem fit, they may help create a strong reversal to bring GT back to $23+ levels. However, a death cross has also formed on the MACD, validating a further drop. In the short term, the GateToken price looks set to depreciate further. If past performances are considered, $22.850 will be a key support to hold. If the price falls below this mark, the sell-offs may continue.
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