After showing bullish signals, the price of StePN (GMT), may be poised for a big rally against Tether USDT.
The Ethereum price experienced a temporary relief rebound from $1,600 – $1,800 before merge sentiments led to altcoins such as STEPN rebounding off their weekly lows. (Data feeds via Binance
Chart Price Analysis: GMT on the Weekly Chart
The chart shows that GMT’s price dropped to $0.58 per week. It rebounded and rose to $1.
As it meets resistance at $1, the price gained more momentum.
The price of GMT could soon reach the $1.7 mark if it continues in this bullish pattern on its weekly chart.
Volume shows good buy bids pushing GMT’s price higher.
Weekly resistance for the price of GMT – $1.
Weekly support for the price of GMT – $0.63.
GMT On the Daily (D) Chart Price Analysis
GMT’s price found support around $0.58. There is an area of interest in the daily chart.
GMT bounced off its support, creating a bullish pattern that serves as support. It has maintained this structure for the past year.
GMT’s price is currently at $1. It’s trying to surpass the 50 exponential moving Averages (EMA) at the time of this writing. This corresponds with the resistance of $1.
$0.84, a support for sell-offs or a potential price bounce, would help if GMT prices fail to cross the 50 EMA.
We could see GMT’s price breaking out and testing $1.7 with more buy orders. This is resistance to the weekly chart.
The RSI (Related to GMT Price) is greater than 55 on the daily charts, which indicates healthy bids for GMT.
GMT volumes look good which suggests that the trend is upwards.
Daily (1D) resistance for GMT price – $1.
Daily (1D) support for GMT price – $0.84, $0.59.
Pricing Analysis of GMT on the Four-Hourly (4H), Chart
GMT’s price has made a bullish breakout of a symmetric triangle in the 4H chart but was rejected.
GMT is struggling in this area, with a range of prices in a triangle starting at $1.1.
GMT price is $0.994, trading above the 50 & 200 EMA at $0.95 on the 4H chart. This price could act as support for GMT on 4H charts.
Four Hourly (4H) resistance for GMT price – $1.
Four hourly (4h) support for GMT price – $0.92, $0.84.
If the support zone is broken, it could push GMT prices to $0.80.
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