GMT is an interesting coin. Looking back at its history, from its all-time high in 2022 to now, it has fallen approximately 190 times. In December last year, it even hit new lows all the way down, and its popularity has long since dispersed. To be honest, such a low-profile old coin—what makes it suddenly capable of soaring to sky-high prices?

A careful look at recent trends reveals the problem. Since the rally started on December 28, the pattern has been clear—first pushing the price up, then oscillating to shake out traders, and then pushing higher again. The bullish positions established during the first wave of rise were basically wiped out during the oscillation period. The recent surge that began yesterday has once again attracted retail investors, accumulating more chips.

It's not impossible for there to be more room for growth, but the prerequisite is another round of shakeout. If retail investors aren't cleared out, this market can't go far. From a 15-minute chart perspective, there are already signs of a breakdown. Aggressive traders can now consider short positions around 0.02174, while more cautious traders can wait at the 0.23 level for opportunities. Remember to set stop-losses, and as for take-profit points, it depends on your personal risk management strategy.