🔹 Setup: Price is compressing inside a falling wedge, a pattern that often leads to a bullish breakout. Currently, price is hovering near a strong support zone (~0.011 – 0.012).
GMT/USDT – Detailed Weekly Analysis with Key Levels
If we analyze the chart closely, the price is moving in a clear descending channel, where every rally is getting rejected at resistance — showcasing a strong bearish structure. 🔻 Current Price Zone: The price is now approximately in the support zone of $0.011 – $0.014 (green area), which has historically been a strong demand zone. ━━━━━━━━━━━━━━━━━━ 📈 Bullish Scenario (Bounce Expected): If we get a bounce from here, potential targets are: 🎯 Targets: First Target: $0.020 – $0.023