GT is sliding back toward 10.14 after failing to hold the breakout attempt into 10.27. The 15m structure shows a clear loss of short term momentum. Price slipped below the MA5, MA10, and MA30 cluster, and all three averages are now flattening, which signals that buyers have stepped back and intraday control has shifted toward sellers.
The rejection at 10.27 came from a concentrated liquidity pocket. As soon as price tapped that zone, sell orders absorbed the remaining momentum and forced a reversal. The move down has been clean and steady, with no liquidation style wicks or forced exits. Funding conditions remain neutral, confirming that leverage is not driving the current pullback.
Traders are simply de risking inside a tight range. Volume spiked during the rejection candle and has decreased on the way down, which usually means sellers fired first and buyers did not follow through. This is typical behavior when momentum buyers exit and spot demand pauses. The MACD is rolling over toward negative territory, adding to the picture of weakening short term strength.
The main support to watch is 10.11. That level held earlier and formed the base of the last bounce. If GT stabilizes above it again, the market keeps potential for a rotation back toward 10.20. A breakdown under 10.11 would open a path toward deeper liquidity around 10.05.
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GT is sliding back toward 10.14 after failing to hold the breakout attempt into 10.27. The 15m structure shows a clear loss of short term momentum. Price slipped below the MA5, MA10, and MA30 cluster, and all three averages are now flattening, which signals that buyers have stepped back and intraday control has shifted toward sellers.
The rejection at 10.27 came from a concentrated liquidity pocket. As soon as price tapped that zone, sell orders absorbed the remaining momentum and forced a reversal. The move down has been clean and steady, with no liquidation style wicks or forced exits. Funding conditions remain neutral, confirming that leverage is not driving the current pullback.
Traders are simply de risking inside a tight range.
Volume spiked during the rejection candle and has decreased on the way down, which usually means sellers fired first and buyers did not follow through. This is typical behavior when momentum buyers exit and spot demand pauses. The MACD is rolling over toward negative territory, adding to the picture of weakening short term strength.
The main support to watch is 10.11. That level held earlier and formed the base of the last bounce. If GT stabilizes above it again, the market keeps potential for a rotation back toward 10.20. A breakdown under 10.11 would open a path toward deeper liquidity around 10.05.
For now, GT remains in a small corrective phase with sellers pressing price into support while buyers wait for confirmation. A reclaim of 10.18 with rising volume would be the first sign that the trend is turning back upward.
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