GateToken is Predicted to Reach $4.72 By Aug 21, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• GateToken is down -3.20% today against the US Dollar
• GateToken is currently trading 16.16% below our prediction on Aug 21, 2023
• GateToken dropped -6.66% in the last month and is down -18.97% since 1 year ago

GT price is expected to rise by 15.45% in the next 5 days according to our GateToken price prediction

GateToken price today is trading at $ 3.95 after losing -3.20% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.99% in the same time period. GT performed well against BTC today and recorded a 1.18% gain against the world’s largest cryptocurrency.

According to our GateToken price prediction, GT is expected to reach a price of $ 4.72 by Aug 21, 2023. This would represent a 15.45% price increase for GT in the next 5 days.

GT Price Prediction Chart

Buy/Sell GateToken

What has been going on with GateToken in the last 30 days

GateToken has been displaying a negative trend recently, as the coin lost -6.66% in the last 30-days. The medium-term trend for GateToken has been bearish, with GT dropping by -19.12% in the last 3 months. The long-term picture for GateToken has been negative, as GT is currently displaying a -18.97% 1-year price change. On this day last year, GT was trading at $ 4.88.

GateToken reached its all-time high price on May 12, 2021, when the price of GT peaked at $ 13.09. The current GT cycle high is $ 13.09, while the cycle low is at $ 2.42. GT has been displaying low volatility recently – the 1-month volatility of the coin is at 1.57. GateToken recorded 12 green days in the last 30 days.

GateToken technical analysis for today – Aug 17, 2023

The sentiment in the GateToken markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 4.05, $ 4.04 and $ 4.02, while $ 4.08, $ 4.10 and $ 4.11 are the key resistance levels.

Bearish sentiment for GateToken

7 indicators are currently signaling a bullish prediction for GateToken, while 26 indicators are showing a bearish forecast. With 79% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for GateToken.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

GateToken moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how GateToken is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for GateToken is at 32.39, suggesting that GT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of GateToken over the last 50 days. Currently, GateToken is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the GT closing price for the last 200 days. GT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this GateToken prediction

After considering the above factors, we can conclude that the current forecast for GateToken price prediction is Bearish. GT would have to increase by 15.45% to hit our $ 4.72 target within the next five days. Moving forward, it will be important to monitor the GT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term GateToken price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.