STEPN is firm at spot rates, adding 61 percent versus the USDT. GMT may rally to reclaim $4 if $1 remains as the primary support in the medium term.
The GMT token is one of the top performers as per the arrangement in the daily chart. Rising a massive 61 percent against the USDT in the past 24 hours, STEPN is also outperforming ETH and BTC in the same period. The GMT crypto appears to be bottoming up after dumping 80 percent from May 2022 peaks.
GMT crypto prices are reversing from the 78.6 percent Fibonacci retracement level of the March to April 2022 trade range. Overall, bears are in control. However, the wide-ranging bullish engulfing bar of May 13 may set the trend, triggering a leg up. As it is, aggressive STEPN bulls may load the dips above $1, targeting $2.7 in the immediate term. Further gains may see GMT reverse losses and reclaim $4 or April 2022 highs. On the reverse side, losses below $1 and May 12 may force GMT back to all-time lows of $0.02.
Buyers are confident following today’s gains. As per the formation in the daily chart, $1 is a psychological round number. It could anchor the leg up in the short term.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
OKX has released its 19th proof of asset reserves, as of the snapshot date of…
London, United Kingdom, 29th May 2024, Chainwire
Crypto AI trading platforms, led by RCO finance, offer traders the opportunity to maximize their…
PeckShield has reported that Tether has blacklisted an Ethereum address holding a substantial balance of…
Bitcoin spot ETFs experienced a significant net inflow of $45.1432 million, marking the 11th consecutive…
The second Sei airdrop rewards users who have been active since the Sei mainnet's launch…
This website uses cookies.