- If GT Token manages to stay above the level of $4.30, it has the potential to rise towards the level of $4.47.
- If candlestick closures below the level of $4.30 occur, the downtrend may continue to the range of $4.189 – $4.10.
- If GT Token starts the uptrend from the mentioned support zone, the level of $4.47 can be observed as the target.
When the short-term price chart of Gate Token is examined, it is seen that it moves above a certain support zone and the mentioned levels are of critical importance. The upward or downward trend will be shaped depending on the protection of these levels.
Medium-Term Gate Token Price Analysis
2-Day GATE/USD Price Chart
When the price chart of Gate Token in the 2-day time frame is examined, it is observed that it continues the downtrend.
If GT Token experiences a drop to the range of $3.91 – $3.49 mentioned in the analysis, it can be an attractive level for spot investors.
The range of $3.91 – $3.49 mentioned as the support zone is a level observed by many large investors for long-term purchases of Gate Token.
If GT Token reaches the mentioned support range and makes weekly candlestick closures above the level of $3.33, it can realize the upward movement towards the level of $4.80 first.
Also, if GT Token makes daily candlestick closures above the level of $4.98, its next target may be the level of $5.61.
Short-Term Gate Token Price Analysis
30-Minute GateToken Price Chart
When the short-term price chart of Gate Token is examined, it is seen that it moves above an important support zone.
If GT Token stays above the level of $4.30 mentioned in the analysis, it can realize an upward movement towards the level of $4.47.
However, if Gate Token falls below the level of $4.30 and makes candlestick closures at this level, the downtrend may continue to the range of $4.189 – $4.10 mentioned in the analysis.
A confirmation for a long position can be sought from this range and the level of $4 can be followed as the stop level. If GT Token starts the uptrend from the mentioned range, it can move towards the level of $4.47 as the target.
However, if Gate Token rises to the level of $4.47 before breaking the level of $4.30 downwards, the long analysis will be invalid.
