$GTC - Gitcoin made a sharp move: +52% in 24 hours.
The coin bounced from a low of $0.1612, reaching a peak of $0.3731 (more than doubling from the bottom), but then pulled back sharply and is now trading around $0.2461. The price has fallen about 34% from its high.
Resistance: $0.28, then $0.30 and the high of $0.3731. Support: the $0.24 zone, followed by $0.22 and $0.20. Holding above $0.24 would preserve the 24-hour gains and keep a retest of $0.28 in play. Losing this zone would bring the price back to $0.20–0.22.
The day's range is over 130%, so the moves are extreme. This pullback from the high shows that some buyers have already taken profits. Chasing the momentum is very risky.
Forecast: after a spike to $0.37 and a pullback, consolidation in the $0.22–0.28 range is the most likely scenario. Until the price reclaims $0.28, I wouldn't count on another attempt at the high. A break below $0.22 would open the way to $0.18–0.20.
The coin bounced from a low of $0.1612, reaching a peak of $0.3731 (more than doubling from the bottom), but then pulled back sharply and is now trading around $0.2461. The price has fallen about 34% from its high.
Resistance: $0.28, then $0.30 and the high of $0.3731. Support: the $0.24 zone, followed by $0.22 and $0.20. Holding above $0.24 would preserve the 24-hour gains and keep a retest of $0.28 in play. Losing this zone would bring the price back to $0.20–0.22.
The day's range is over 130%, so the moves are extreme. This pullback from the high shows that some buyers have already taken profits. Chasing the momentum is very risky.
Forecast: after a spike to $0.37 and a pullback, consolidation in the $0.22–0.28 range is the most likely scenario. Until the price reclaims $0.28, I wouldn't count on another attempt at the high. A break below $0.22 would open the way to $0.18–0.20.