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🔥$GT Testing the Resistance Near – Can Bulls Push Through the Channel Resistance?
📈 +5.08% (24H)
On the 8H chart, $GT continues to build a higher highs after it rebounded from the trendline channel and is currently trading at around $18.746, testing to break the resistance of $18.6 which acts as a key level to watch.
Chart data shows, the ascending channel is, supported by the 21 EMA. The MFI is close to 70, reflecting moderate buying pressure without reaching overbought levels, while volume is starting to pick up, indicating increasing interest.
Is the momentum strong enough for a breakout❓
With these conditions in play, the current resistance acts as a key level for potential further upside. On the flip side, if the price fails to break this level, it could lead to a short-term pullback and continuation of trading within the channel.
⚠️Disclaimer: This is not a financial advice. Please DYOR!
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