- In the last 30 days, the GMT crypto price has risen by 54.7%.
- The trading volume of the STEPN crypto has declined in the last 24 hours.
STEPN is a Web 3.0 lifestyle app that combines Game-Fi and Social-Fi features, rewarding users for physical movement with Sneakers NFTs and game currency. It was developed by Find Satoshi Lab on the Solana blockchain and won 4th place in the Solana Ignition Hackathon 2021.
The price of one STEPN coin is $0.2704 and its market cap is $375.375 Million, making it the 108th largest cryptocurrency in the market. The amount of money traded in STEPN in a day is $122.952 Million, which is 50.22% of its market cap, as per CoinMarketCap.
The current market cap dominance of the GMT crypto is 0.026% as per Coingecko. Additionally, the circulating supply of the crypto is 1.386 Billion GMT. This further results in a fully diluted market cap of $1.453 Billion.
GMT Derivative Data Analysis
The GMT crypto’s volume has been witnessing an increase in recent times. This is a sign of increasing trading activity. It has also witnessed a huge long liquidation of $1.03 Million and the short liquidation has resulted in $225.06K. This further indicates that the price is being dominated by sellers.
GMT Technical Analysis
The GMT crypto was trading inside a falling wedge pattern, slowly declining to lower levels. GMT price broke above the pattern and is making a higher high structure. It is currently facing resistance at the higher levels. This has led to a decline in the price. If the price breaks above the level of $0.3747, it might lead to higher levels
GMT/USD live Chart by TradingView
The 50-day and the 200-day EMAs are forming a death cross while the price has broken above the EMAs. This shows that the price of the crypto is gaining buying momentum.
The MACD is also giving a buy signal as the signal line is above the zero level. The MACD is building up buying blocks which shows that the buyers are dominating the price.
Conclusion
GMT is a bullish crypto and has broken out of a falling wedge pattern and is making higher highs on the chart. It is trading above the EMAs and the MACD is positive. GMT has a low circulating supply and a high market cap dominance.
Technical Levels:
- Support levels: $0.1416 and $0.2360
- Resistance levels: $0.63540 and $0.82190
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.