At the same time GNT/BTC formed the at 6k satoshis, previously rejected on the 23rd of May and confirmed by the 38.2% level. The between 6 and 5.2k satoshis could play the key role in further price development.
Price still could get lower and perhaps test the 200 Moving Average or even 5.2k satoshis area. But only break and close below 5.2k level could confirm the presence of a downtrend. But as of yet, price is likely to continue ranting between 6k and 9k satoshis, and break above 9k level should confirm Golem intentions and send price to new highs.