Gitcoin (GTC) Quick 1.6% Dump — Short‑Term Caution
I see a quick sell-off in GTC/USDT: the price dropped 1.59% from 0.378 to 0.372 in about 4 seconds.
Three‑minute volume is 479k against a 24‑hour volume of 377M (3m/24h = 0.6%), so this looks like a short, low‑relative‑volume dump rather than a sustained move.
I’m cautious here and wouldn’t buy into this brief weakness without clearer follow‑through or increased buying volume.
Analysis
Recommendation
Do not buy on this move. Wait for confirmation via higher short‑term volume or price stabilization above recent support before considering entry.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.