- Stepn Price is trading below the downward sloping line over the daily chart.
- The crypto asset slips below the 20, 50, 100, and 20-days Daily Moving Average.
- The pair of GMT/BTC is at 0.00003572 BTC with an intraday gain of 8.41%.
In the last 24 hours, the market capitalization of Stepn has increased by 7.30 percent. However, just one month after its going public in March 2022, the GMT token has shown signs of life, rising to $4.50 and setting a new all-time high. The best cryptocurrency asset to invest in 2022 is said to be GMT. Furthermore, by the end of 2022, GMT is expected to surpass its all-time high of $4.50.
Due to the current bear market, the price of the GMT token dropped below $1.00. All other altcoins are struggling to find support and are surging in a bearish manner throughout the charts. The investors are haunted by the bitcoin market’s massacre, causing widespread concern.
The calm or those with diamond hands are waiting for an opportunity to buy their securities in the market. This is a fantastic opportunity for traders to invest in some valuable and well-known digital assets and earn significant long-term profits.
Meanwhile, the volume change is currently below average and must increase in order for GMT to break through the psychological $1.00 barrier and sustain above it.
What are the Upcoming Interesting Levels to be Remembered by GMT Investors?
The GMT token is struggling to stay above the $1.00 bullish barrier, and GMT bulls will have to pile in to save the token on the daily chart. GMT is also below the 20, 50, 100, and 200-days Daily Moving Averages, and it should now seek to break clear of the 20 SMA first before pursuing the remaining positive targets. GMT investors must seek to remove the respective bullish obstacles to overcome the downward trend. Technical indicators point to some fascinating facts about the revival of the GMT coin.
Relative Strength index showcases that GMT is returned from the oversold territory and is heading towards neutrality.
MACD exhibits the slight bullish momentum of the GMT token. The MACD line is ahead of the signal line and crosses the signal line upwards, resulting in a positive crossover. GMT investors need to wait for any directional change over the daily chart
In the last 24 hours, the market capitalization of Stepn has increased by 7.30 percent. However, just one month after its going public in March 2022, the GMT token has shown signs of life, rising to $4.50 and setting a new all-time high. Technical indicators point to some fascinating facts about the revival of the GMT coin. GMT investors need to wait for any directional change over the daily chart.
Support Levels: $0.95 and $0.85
Resistance Levels: $1.15 and $1.30
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.