Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?
Journalist
Posted:
- Whereas GT’s worth elevated, its social metrics additionally improved.
- Promoting stress on the token elevated, which may trigger a worth correction quickly.
Gate Token [GT] has showcased impeccable efficiency final week because it pushed its worth up in double digits.
Subsequently, AMBCrypto deliberate to evaluate the token’s on-chain information to search out out its attainable targets for the approaching days.
Gate Token bulls are pushing arduous!
CoinMarketCap’s data revealed that GATE’s worth skyrocketed by practically 24% within the final seven days.
On the time of writing, GT was buying and selling at $16.10 with a market capitalization of over $1.42 billion, making it the 71st-largest token.
The excellent news was that whereas the token’s worth gained bullish momentum, its buying and selling quantity additionally surged over the previous couple of days.
Typically, a rise in quantity amidst a worth enhance acts as a basis for a continued worth rise. This newest worth hike additionally had a constructive impression on the token’s social metrics.
For example, GT’s Social Quantity remained excessive, reflecting its reputation. Its Weighted Sentiment additionally registered an uptick—an indication of constructing bullish sentiment across the token.
Supply: Santiment
Mapping GATE’s future trajectory
AMBCrypto then checked different datasets to search out out whether or not this bull rally will proceed additional. As per our evaluation of Santiment’s information, GT’s MVRV ratio elevated, which advised a worth rise within the coming days.
It was fascinating to notice that whereas the token’s worth elevated, its community exercise additionally rose, which was evident from the hike in its every day lively addresses.
Nonetheless, after a pointy uptick, Gate Token’s community progress began to say no, that means that fewer new addresses have been being created to switch the token.
Supply: Santiment
Nonetheless, regardless of the current bull rally, the token has a number of issues to deal with. For example, its Relative Power Index (RSI) was resting within the overbought zone, which often leads to a worth correction.
Moreover, its Chaikin Cash Move (CMF) additionally moved southwards. This indicated that promoting stress on the token was rising—an additional indication of a worth correction.
Learn Gate Token [GT] Worth Prediction 2025-26
Within the occasion of a correction, traders would possibly witness Gate Token dropping to $13.9. An extra decline would possibly push GT to the $10.8 mark.
However, if bulls handle to stay dominant out there, will probably be essential for the token to go above the $16.9 resistance, with a purpose to maintain the bull rally.
Supply: TradingView
