GMT is forming an ascending triangle on the 8-hour chart, indicating a potential bullish reversal.
The token is testing the 50-period moving average, and a breakout above $0.071 could trigger a rally towards key targets like $0.083 and $0.100.
Despite recent price declines, technical indicators show growing momentum and a possible trend reversal for GMT.
Analysts suggest that a breakout from the ascending triangle pattern could lead to sustained buying pressure and potentially higher price targets for GMT.