$GT #USCoreCPIHitsFour-YearLow

GT/USDT, here is a technical analysis:

Price Action and Trend

· Current Price: 7.37 USDT, up +3.51% over the last 24 hours.
· 24h Range: High of 7.39, low of 7.01, indicating a strong upward move from the daily low.
· The price is currently trading near the 24h high, showing bullish momentum.

Bollinger Bands (20,2)

· Upper Band (UB): 7.30
· Middle Band (BOLL): 7.02
· Lower Band (LB): 6.74
· Observation: Price (7.37) is above the upper band, suggesting an overbought condition and strong bullish momentum. However, this can also signal a potential pullback or consolidation as price may revert to the middle band.

Parabolic SAR (0.02, 0.02, 0.2)

· SAR Value: 7.08
· Observation: SAR is below the current price, confirming an uptrend. The SAR acts as a trailing support level; a break below 7.08 could signal a trend reversal.

Key Support and Resistance Levels

From the chart, several horizontal levels are visible:

· Resistance: 8.42, 9.06, 10.13 (higher levels to watch if uptrend continues).
· Support: 6.23, 5.86 (key downside levels).
· Immediate support: SAR at 7.08 and middle Bollinger at 7.02.

MACD

· The displayed values are -0.55, 0.14, 0.00.
· Typically, these represent the MACD line, signal line, and histogram. If the MACD line (-0.55) is below the signal line (0.14), it indicates bearish momentum (negative histogram). However, the histogram value of 0.00 is ambiguous—it might imply a potential crossover or a flat reading. Traders should watch for a clear signal line cross to confirm momentum direction.

Volume

· 24h Volume (GT): 95.75K
· 24h Turnover (USDT): 688.75K
· Volume is moderate, supporting the price move but not exceptionally high, suggesting the rally may lack strong conviction.

Overall Outlook

· The chart shows a short-term bullish trend with price above key indicators (SAR and Bollinger middle band). However, the overbought condition on Bollinger Bands and the ambiguous MACD signal warrant caution. A pullback to test support at 7.08–7.02 is possible before the next move.
· Bullish scenario: Holding above SAR and breaking the 24h high (7.39) could target the next resistance at 8.42.
· Bearish scenario: A drop below SAR (7.08) might lead to a test of the middle Bollinger (7.02) and then lower supports.

Traders should monitor volume and MACD for confirmation of trend continuation or reversal.