#Web3FebruaryFocus $GT GT Plummets 7.5%: Technical Breakdown Shows Further Downside Risk
GT/USDT, here is a detailed K-line analysis:
1. Overall Trend & Price Action
· Current Price: $7.83, down 7.56% in the last 24h.
· 24h Range: $7.16 (low) to $8.55 (high).
· Trend Direction: Strongly Bearish. Price is near the 24h low and well below key indicators like SAR and Bollinger Middle Band.
· Chart Pattern: The price has broken below previous support levels and is approaching the lower Bollinger Band ($8.29), indicating continued selling pressure.
2. Technical Indicators Analysis
Bollinger Bands (2