GateToken Price Prediction 2022— Will GT Hit $15 Soon?

GateToken Price Prediction 2022— Will GT Hit $15 Soon?
  • Bullish GT price prediction is $8.4340 to $13.2521.
  • The GT price will also reach $15 soon.
  • GT’s bearish market price prediction for 2022 is $1.0163.

In GateToken’s (GT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about GT to analyze the future movement of the cryptocurrency. 

GateToken Current Market Status

According to CoinGecko, the price of GT is  $6.95 with a 24-hour trading volume of $4,779,651 at the time of writing. However, GT has increased nearly 1.8% in the last 24 hours.

Moreover, GT has a circulating supply of 151,758,801GT. Currently, GT trades in cryptocurrency exchanges such as FTX, Huobi Global, Gate.io, HitBTC, and LBank. 

What is GateToken (GT)?

GateToken (GT) is the unique token of Gate.io exchange and also its own native public chain (GateChain), which provides a high-performance trading experience to users with incredible features such as low fees and fast transactions. GateChain is a public blockchain dedicated to asset safety. The onchain safety account and customizable time-delay recovery features were designed to offer blockchains assets after private keys are compromised. 

GateToken (GT) Price Prediction 2022

GateToken holds the 103rd position on CoinGecko right now. GT price prediction 2022 is explained below with a daily time frame.

GT/USDT Ascending Triangle Pattern (Source: Tradingview)

The ascending triangle pattern is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. Ascending triangles are often called continuation patterns since the price will typically break out in the same directions as the trend that was in place just prior to the triangle forming. A minimum of two swing highs and two swing lows are required to form the ascending triangle’s trendlines.

Currently, GT is in the range of $6.95. If the pattern continues, the price of GT might reach the resistance level of $8.5047. If the trend reverses, then the price of GT may fall to $5.2774 and $3.4424.

GateToken (GT) Support and Resistance Level

The below chart shows the support and resistance level of GT.

GT/USDT Support and Resistance Level (Source: TradingView)

From the above monthly time frame, it is clear the following are the resistance and support levels of GT.

Resistance Level 1$8.4340
Resistance Level 2$13.2521
Support Level 1$5.4542
Support Level 2$2.5525
Support Level 3$1.0163
Support Level 4$0.3074
GT Resistance & Support Level

The charts show that GT has performed a bullish trend over the past month. If this trend continues, GT might run along with the bulls overtaking its resistance level at $13.2521.

Accordingly, if the investors turn against the crypto, the price of the GT might plummet to almost $1.0163, a bearish signal.

GateToken Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of GT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GT lies below the cutoff line, indicating weaker participants in the current trend.

GT/USDT RVOL, MA, RSI (Source: TradingView)

More so, the GT’s Moving Average (MA) is shown in the chart above. Currently, GT is in a bullish state. Notably, the GT price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of GT at any time.

Meanwhile, the relative strength index (RSI) of the GT is at level 54.19. This means that GT is in a nearly overbought state. However, this means a major price reversal of GT may occur in the upcoming days. 

GateToken Price Prediction 2022 — ADX, RVI

Let us now look at GateToken’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

GT/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of GateToken. Currently, GT lies in the range of 4.2910, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of GT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GT lies above the 50 levels, indicating that the direction of volatility is high. In fact, GT’s RSI is at a 54.19 level thus confirming a potential buy signal.

Comparison of GT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and GateToken.

BTC Vs ETH Vs GT Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH and BTC is moving at the same level as the trend. But, the recent trend of GT moves in an upward direction.

Conclusion

With continuous improvements in the GateToken network, we can say that 2022 is a good year for GT. For this reason, the bullish price prediction of GateToken in 2022 is $13.2521. On the other hand,  the bearish GT price prediction for 2022 is $1.0163.

Furthermore, with the advancements and upgrades on the GT ecosystem, the performance of GT would help to reach above its current all-time high (ATH)$12.94 very soon. But, it might also reach $15 if the investors believe that GT is a good investment in 2022.

FAQ

1. What is GateToken?

GateToken (GT) is the unique token of Gate.io exchange and also its own native public chain (GateChain).

2. Where can you purchase GT?

GT has listed on many crypto exchanges which include FTX, Huobi Global, Gate.io, HitBTC, and LBank. 

3. Will GT reach a new ATH soon?

With the ongoing developments and upgrades within the GT platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of GateToken?

On May 12, 2021, GT reached its new all-time high (ATH) of $12.94.

5. Is GT a good investment in 2022?

GateToken (GT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of GT in the past few months, GT is considered a good investment in 2022.

6. Can GateToken (GT) reach $15?

GateToken (GT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then GateToken (GT) will hit $20 soon.

7. What will be the GT price by 2023?

GateToken (GT) price is expected to reach $22 by 2023.

8. What will be the GT price by 2024?

GateToken (GT) price is expected to reach $35 by 2024.

9. What will be the GT price by 2025?

GateToken (GT) price is expected to reach $58 by 2025.

10. What will be the GT price by 2026?

GateToken (GT) price is expected to reach $70 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.