Breakout potential
Currently, the GTC price is in a critical position. It is within a descending channel, finding resistance at each swing high and support at each swing low. There's a major descending trend line providing strong resistance, keeping the downtrend intact.
However, if the price breaks above this trend line and closes above it, we could see a shift in momentum, potentially leading to a significant upward movement.
However, if the price breaks above this trend line and closes above it, we could see a shift in momentum, potentially leading to a significant upward movement.
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