GMT Crypto Struggling to Get Back Above $1.00! –
- The Stepn price is trading with downward trend over the daily price chart.
- GMT crypto is trading at the 20 EMA and is still below the 50 and 100-day daily moving averages.
- The GMT/BTC pair is at 0.0000348 BTC with an intraday drop of 0.69%.
Stepn’s market value has grown by 7.30% in the last 24 hours. But just a month after it went public in March 2022, the GMT token has started to show signs of life, rising to $4.50 and breaking all previous records. In 2022, GMT is reportedly the finest cryptocurrency asset to invest in. Furthermore, GMT is expected to surpass the all-time high of $4.50 by the end of 2022.
The GMT token’s price fell below $1.00 due to the current bear market. All other cryptocurrencies are having trouble finding support and are rising bearishly through the charts. The devastation of the bitcoin market is haunting investors, increasing widespread anxiety.
Those who are composed or have skilled hands are looking for a chance to buy their securities in the market. This is an excellent chance for traders to make investments in a variety of priceless and well-known digital assets and generate great long-term returns.
For GMT to surpass the $1.00 psychological threshold and stay above it, the volume change, which is currently below normal, must rise.
What do technical indicators suggest about GMT?
To buck the downtrend, GMT investors need to work to eliminate the relevant bullish barriers. Technical indications provide some intriguing details regarding the resurgence of the GMT coin.
GMT is attempting a breakdown at neutrality at 49, as shown by the relative strength index.
GMT token’s weak positive momentum is visible in MACD. 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 directional changes.
Conclusion
Stepn’s market value has grown by 7.30% in the last 24 hours. But just a month after it went public in March 2022, the GMT token has started to show signs of life, rising to $4.50 and breaking all previous records. In 2022, GMT is reportedly the finest cryptocurrency asset to invest in. Furthermore, GMT is expected to surpass the record high of $4.50 by the end of 2022. Technical indications provide some exciting details regarding the resurgence of GMT coin. Investors in GMT should watch the daily chart for any directional changes.
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 any person mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
