$GT Bullish Breakout Potential Above Key Resistance (Long-Term)

GT is trading near $20.8, close to its long-term resistance at $21.15. A weekly close above this level could signal a breakout toward the all-time high of $25.94, driven by Gate.io’s ecosystem growth and token burn deflationary mechanics. The 200-day SMA is rising, projected to hit $20.60 by June 2025, supporting a bullish trend. Long-term forecasts suggest GT could reach $29.72–$31.60 by year-end 2025, with potential for $43.90 by 2030.

Key Levels: Support at $19.55, resistance at $21.15 and $25.94.

Indicators: RSI at 13.85 (oversold, suggesting reversal potential), 200-day SMA trending upward.

Outlook: Bullish if $21.15 breaks; watch for volume confirmation.