GTC Price Up 61.73% in 24 Hours on Strong Short-Term Gains

On SEP 1 2025, GTC rose by 61.73% within 24 hours to reach $0.316, marking a sharp reversal in the token's short-term trajectory. Over the past 7 days, the asset recorded a decline of 790.96%, followed by a 30.77% increase over the past month. Despite this month’s gain, the 1-year performance remains sharply negative at a loss of 5618.28%. The recent 24-hour rally has reignited interest in GTC's potential for further consolidation or breakout.

The price rebound follows a period of prolonged bearish pressure that saw the token’s value collapse significantly. Market participants have noted a divergence between the short-term and long-term trends, with the recent rise suggesting a possible short-term bottoming process. Analysts project that the sharp 24-hour gain might be driven by a combination of market sentiment shifts and speculative trading activity. However, the long-term bearish trend remains intact, and further price action will be critical in determining the asset's next directional move.

The technical chart of GTC reflects a sharp price spike on the daily chart, juxtaposed against a steep decline in the weekly view. The recent increase appears to have taken the price above key short-term support levels that had previously acted as barriers to upward movement. However, this move has yet to produce a clear breakout beyond key resistance levels that have historically capped the token’s upside. Traders and investors are now monitoring the sustainability of the rally and whether the token can maintain above critical psychological thresholds.

The backtesting of potential trading strategies typically involves the application of technical indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Exponential Moving Averages (EMA) to identify entry and exit points. These tools are used to test the historical performance of a strategy based on predefined rules, such as entering a position when the fast EMA crosses above the slow EMA, or exiting when the RSI indicates overbought conditions. These indicators are also relevant to understanding the recent price movement of GTC, particularly in assessing whether the short-term rally has technical confirmation or is a false signal.