Stepn Price Analysis: GMT Crypto Struggling To Recover Above $1.00!

• Stepn price is trading with bearish momentum on the daily price chart.
• The GMT crypto is trading at the 20 EMA and is still below the 50 and 100 day daily moving average.
• The GMT/BTC pair is at 0.0000348 BTC with an intraday decline of 0.69%.

Stepn’s market value has increased by 7.30% in the past 24 hours. But only a month after its March 2022 IPO, the GMT token started to show signs of life, hitting $4.50 and breaking all previous records. In 2022, GMT would be the best cryptocurrency asset to invest in. Additionally, GMT is predicted to break its all-time high of $4.50 by the end of 2022.

The price of the GMT token has fallen below $1.00 due to the current bear market. All other cryptocurrencies are struggling to find support and are skyrocketing in the charts. The devastation in the bitcoin market is haunting investors, sparking widespread anxiety.

Those who are calm or have good hands are watching for a chance to buy their stocks in the market. This is a great opportunity for traders to invest in a number of priceless and well-known digital assets and earn significant long-term returns.

For GMT to break above the psychological threshold of $1.00 and hold above it, the change in volume, which is currently below normal, must increase.

What do technical indicators suggest about GMT?

To reverse the downward trend, GMT investors should strive to remove relevant bullish barriers. The technical indications provide intriguing details regarding the resurgence of the GMT coin.

The GMT is attempting a breakdown to neutral at 49, as shown by the relative strength index.

The slight positive momentum of the GMT token is visible in MACD. A positive crossover occurs when the MACD line crosses the signal line upwards and is placed in front of it. Investors in GMT should watch the daily chart for any changes in direction.

Conclusion

Stepn’s market value has increased by 7.30% in the last 24 hours. But only a month after its March 2022 IPO, the GMT token started to show signs of life, hitting $4.50 and breaking all previous records. In 2022, GMT would be the best cryptocurrency asset to invest in. Additionally, GMT is predicted to surpass its all-time high of $4.50 by the end of 2022. The technical indications provide intriguing details regarding the resurgence of the GMT coin. Investors in GMT should watch the daily chart for any changes in direction.

Technical levels

Support levels: $0.60 and $0.55

Resistance levels: $0.90 and $1.30

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies during his post-grad studies. He is a fine observer of details and shares his passion for writing while being a developer. His backend blockchain knowledge helps him bring a unique perspective to his writing

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