10 June 2023 : In this article we will walk you through Gifto price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Gifto, Is GTO a good investment? Gifto support & resistance levels etc. But before diving deep into the GTO technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,043,683,938,723. The total trading volume stands at $48,428,005,205. Bitcoin shares 47.71 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,669.88 level after a decline of -3.76%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.7 percent reaching to $1,745.00 during the previous 24 hours.
While publishing this blog, BNB traded at $236.44, following a price change of -9.99%within the same time frame. XRP the native coin of XRP is down by -8.81 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Gifto (GTO)
|GTO Resistance Levels||GTO Support Levels|
|Resistance Level 1||$0.020||Support Level 1||$0.016|
|Resistance Level 2||$0.022||Support Level 2||$0.015|
|Resistance Level 3||$0.024||Support Level 3||$0.012|
The daily chart of Gifto shows that the GTO price has a downward movement with a -2.07% decrease in past 24 hours. The price value of the Gifto (GTO) coin is standing at $0.018 with market capitalization $18,164,085.00 USD. GTO price changes 1.92% over the week while the trading volume is hovering around $815,250.00 USD.
GTO price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Gifto.
|Simple Moving Average (10)||0.018||Sell|
|Exponential Moving Average (10)||0.018||Sell|
|Simple Moving Average (20)||0.019||Sell|
|Exponential Moving Average (20)||0.019||Sell|
|Simple Moving Average (50)||0.020||Sell|
|Exponential Moving Average (50)||0.020||Sell|
While GTO’s Williams %R indicator is at -47.208 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The Relative strength index (RSI) for GTO Coin is currently hovering at 40 for 14-days average line, which means GTO is in consolidation zone right now. The MACD line is standing above of the signal line after a positive crossover. Gifto investors need to wait for any directional change over the daily chart. As per the price analysis, the GTO price may find support at these crucial levels of $0.016, $0.015, moving below these levels might bring the price to $0.012. on the other side, the resistance levels are at $0.020 and $0.022. A bullish breakout from the above levels may lead the price to the $0.024.
Gifto has few recovery chances and might continue testing immediate resistance level of $0.020 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep GTO investors hopeful.