$GT #GateSpringFestivalHorseRacingEvent Here's a technical analysis for GT/USDT on the 4-hour timeframe:
Current Snapshot & Trend
· Price: ~6.97 USDT (Spot) / 6.885 USDT (Perp Futures, down -1.61%)
· Short-Term Trend: Bearish. The futures price is significantly below the spot, and the chart shows a clear decline from the ~7.79 level.
Key Technical Indicators
1. Bollinger Bands (20,2):
· Price is trading at the Lower Band (LB: 6.87), indicating the asset is in oversold territory for this timeframe.
· The middle band (BOLL: 7.01) and upper band (UB: 7.15) are acting as immediate resistanc