GTC +30.86% in 24 Hours Amid Sharp Short-Term Fluctuations

On SEP 2 2025, GTC experienced a significant intraday price increase of 30.86%, rising to $0.315, despite a steep 7-day decline of 819.21%. The token showed no movement in the past 30 days but continued to face long-term pressure with a 5631.72% drop over the past year. The recent 24-hour rally suggests a temporary reversal in short-term sentiment, although broader market dynamics and historical performance remain negative.

GTC has faced intense downward pressure in the near-term, with a 7-day performance that underscores structural weakness. The sharp 24-hour rebound, while notable, is unlikely to indicate a sustained bullish trend. The absence of movement in the past month suggests a consolidation phase, though this has done little to reverse the long-term bearish trajectory. Traders may be reacting to localized factors, but the underlying fundamentals and broader market conditions continue to weigh on GTC’s valuation.

Technical indicators have shown mixed signals. The RSI entered overbought territory after the sharp 24-hour increase, suggesting potential for a near-term correction. The MACD line crossed above the signal line, hinting at a short-lived bullish momentum. However, the long-term trend remains negative, as seen in the bearish crossover of the 50-day and 200-day moving averages. These indicators reflect the volatile nature of GTC’s price action and highlight the challenges of identifying a clear directional bias in the current environment.

Backtest Hypothesis

Given the recent volatility and mixed technical signals, a backtesting strategy was developed to evaluate potential trade setups. The strategy is based on RSI divergence and MACD crossover patterns, using specific entry and exit conditions. Buy signals are generated when the RSI forms a bullish divergence while the MACD line crosses above the signal line, and sell signals are generated when the RSI forms a bearish divergence with the MACD line crossing below the signal line. Stop-loss and take-profit levels are set dynamically based on the 14-day ATR, ensuring risk is managed relative to recent volatility. The aim is to assess whether these patterns could have captured the recent 24-hour rally and protected capital during the larger 7-day decline.