#GT GateToken (GT) is currently trading at approximately $19.24, reflecting a recent fall in the broader market pullback. Nevertheless, GT still maintains a bullish outlook, with analysts predicting it may rise to $21.84 by early June. The significant token burning of over 1.5 million GT in Q1 2025, worth $33.84 million, highlights its deflationary model and long-term value strategy. Additionally, the consolidation within the symmetrical triangle pattern suggests a possible breakout towards $31, consistent with the 1.61 Fibonacci extension.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#GT GateToken (GT) is currently trading at approximately $19.24, reflecting a recent fall in the broader market pullback. Nevertheless, GT still maintains a bullish outlook, with analysts predicting it may rise to $21.84 by early June. The significant token burning of over 1.5 million GT in Q1 2025, worth $33.84 million, highlights its deflationary model and long-term value strategy. Additionally, the consolidation within the symmetrical triangle pattern suggests a possible breakout towards $31, consistent with the 1.61 Fibonacci extension.