Gifto Coin (GTO) Technical Analysis 2021 for Crypto Traders

Gifto Coin (GTO) Technical Analysis 2021 for Crypto Traders

In Gifto Coin (GTO) Technical Analysis 2021, we use past statistics, price patterns, RSI, and much other information about GTO to analyze the future movement of the cryptocurrency. 

Gifto is one of the primary application tokens launched in 2017. It was launched on the Binance launchpad, and many innovations have since been released,  including the largest crypto wallet for mass market use, the most active blockchain game for users, and other applications for mass consumers. Gifto Chain and Wallet is jointly developed by global technology, operations, partnerships, and community. Gifto aims to become the world’s largest blockchain-based gift platform. Moreover, GTO is an ERC20 Ethereum token.

Gifto Coin (GTO) Current Market Status

According to CoinGecko, the Gifto Coin GTO price is trading at $0.076 with a 24-hour trading volume of $146,197,912, at the time of writing. However, GTO has decreased by 0.7% in the last 24 hours.

Moreover, GTO has a circulating supply of 662,679,534 GTO. Currently, GTO trades in Binance, OKEx, Upbit, BiONE, and VCC Exchange.

Gifto Coin (GTO) Technical Analysis 2021 

The recent development and upgrades might push Gifto Coin (GTO) to reach new heights. Now, let’s deep dive into the GTO technical analysis 2021. The daily time frame chart of Gifto (GTO) is shown below.

GTO/USDT Price Chart
GTO/USDT Price Chart (Source: Tradingview)

The bullish channel is a chart continuation pattern. This pattern is formed by two parallel bullish lines. In addition, the price moves between these two parallel trend lines. Even more, the top trend line is called the resistance line, and the lower trend line is said to be the support line.

Gifto Coin (GTO) RSI, MACD, and MA

The below chart shows the Moving Average Convergence/Divergence (MACD) of GTO. In particular, MACD (blue) is still slightly higher than the signal indicator (orange line), forming a bullish crossover. This means that cryptocurrency traders can still expect more bullish days turnover.

Conversely, if the MACD signal starts to move below the indicator and makes a bearish crossover. Then crypto is more likely to reach new lows.

GTO RSI and MACD
GTO RSI and MACD (Source: TradingView)

Now let’s look at the relative strength index (RSI) of GTO. As shown in the chart above, the RSI remains at level 68. This shows that GTO’s price is in a nearly overbought state. However, this gives confidence for the traders to trade fearlessly.

GTO’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the chart below. In addition, MA is part of the technical analysis that helps traders find trends. While EMA is a type of moving average.

GTO 30-day SMA and 50-day EMA
GTO 30-day SMA and 50-day EMA (Source: TradingView)

From the beginning of 2021, it is clear that the GTO price has shown many bullish patterns. Furthermore, taking all these into account, GTO could have a competitive market in 2021.

Conclusion

With the ongoing developments and upgrades that are taking place within the GTO platform. The cryptocurrency GTO has a fantastic future ahead in this crypto market. However, it is possible to see GTO reaching new heights.

Bullish GTO price prediction 2021 is $0.142. As said above, it may reach great heights, however reaching $1, if investors have decided that GTO is a good investment in 2021.

FAQ

What is GTO?

GIFTO is a decentralized virtual gift protocol operated by Ethereum. This project allows users to send and receive GIFTO ERC-20 tokens on any social media platform, thereby easily creating and exchanging virtual gifts. Its native coin is GTO.

Where can you purchase GTO?

GTO is listed on many cryptocurrency exchanges that include Binance, OKEx, Upbit, BiONE, and VCC Exchange. It is available for trading against crypto fiat coins, stablecoins and other cryptocurrencies.

Will GTO reach a new ATH soon?

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

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.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.