$GTC doubled in a week, then gave back 20% in a day.
A week ago it was still around $0.086, then it rose for a full week to $0.24 before pulling back today to around $0.17. Binance’s 24-hour drop exceeded 23%, with trading volume at $16 million.
After a pulse-like surge and then a sharp drop, what matters is whether there is support once volume contracts: a slow, low-volume decline hurts sentiment the most, while a sharp drop on high volume is not necessarily the worst outcome. The move from $0.086 to $0.24 barely had any pause, so it takes time to digest the pullback. There’s no need to rush.
A week ago it was still around $0.086, then it rose for a full week to $0.24 before pulling back today to around $0.17. Binance’s 24-hour drop exceeded 23%, with trading volume at $16 million.
After a pulse-like surge and then a sharp drop, what matters is whether there is support once volume contracts: a slow, low-volume decline hurts sentiment the most, while a sharp drop on high volume is not necessarily the worst outcome. The move from $0.086 to $0.24 barely had any pause, so it takes time to digest the pullback. There’s no need to rush.