Technical analysis by S2A9 about Symbol GT: Buy recommendation (6/4/2025)

Analysis: At $19.37, GT is forming a bullish rectangle pattern on the daily chart, with support at $19.55 and resistance at $21.15. The price is above the 50-day SMA ($21.37), indicating short-term bullishness. The 14-day RSI at 26.10 suggests oversold conditions, hinting at a potential reversal. A breakout above $21.15 could push GT toward $25, supported by Gate.io’s ecosystem growth and deflationary token burns. Outlook: Long position on a breakout above $21.15, targeting $25. Place a stop-loss below $19.55 to manage risk. Monitor RSI for confirmation of momentum.