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$GT GT / USDT Price: $6.66 (-0.60%)
24h Range: $6.61 - $6.73 | Vol: 23.93K GT / $159.80K - NO.3 Exchange Token
Technical: Correction after bounce.
Price dumped to $6.57 low on July 23, then recovered to $6.75 high on July 26. Now pulling back to $6.66.
MA5: 6.67 - MA10: 6.68 - MA30: 6.65 -> MAs tightly clustered, price is exactly on MA30 support. MA5 crossed below MA10 - short-term bearish cross.
Avg Price tag shows 7.17 - still far from current, holders underwater.
Volume: Vol 1.18K vs MA5 4.17K / MA10 4.51K - Volume dropped sharply after the bounce, no follow-through buying yet. Last 2 candles long wicks to downside.
Spot vs Perp: Spot $6.66, Perp $6.610 (-1.06%) - Perp trading at discount, short bias in futures.
Support: $6.65 (MA30) / $6.61 (24h Low) / $6.57 (swing low)
Resistance: $6.67-6.68 (MA5/MA10) / $6.73 (24h High) / $6.75
Hold above $6.65 keeps consolidation alive, break below $6.61 opens $6.57 retest. Needs volume spike above $6.68 to resume up.
What is the Project?
GateToken (GT) is the native exchange token of Gate.io and gas token for GateChain. Use cases: trading fee discounts, VIP tiers, Launchpad, HODL Earn, and gas fees. Deflationary model.
Latest News:
1. Q2 2025 burn completed July 7: 1,922,789 GT (∼$39.01M) burned on-chain. Total cumulative burn now >180.56M GT - 60% of original 300M supply removed. 2. Gate launched 1,500 GT airdrop event after burn to reward community for inviting friends. 3. GT remains top 3 exchange token, used for upcoming IKA Launchpad where 20% of subscription is in GT.
#GT #GateToken #Gateio