GMT Market Is Featuring Lower Lows

STEPN (GMT) Price Prediction – May 19
Recently, it was recalled the GMT/USD market strived for a recovery. But, the crypto-economic market is featuring lower lows to trade between 1.35 and 1.32 value lines at a negative percentage rate of 1.11.

STEPN (GMT) Price Statistics:
GMT price now – $1.34
GMT market cap – $802.3 million
GMT circulating supply – 600 million
GMT total supply – 6 billion
Coinmarketcap ranking – #64

GMT/USD Market
Key Levels:
Resistance levels: $2, $2.50, $3
Support levels: $1, $0.75, $0.50

GMT/USD – Daily Chart
The daily chart reveals the GMT/USD market is featuring lower lows after making a futile effort to push for a higher sustainable point in the last couple of days. The 14-day SMA indicator is underneath the 50-day SMA indicator. The bearish trend lines are below the bigger SMA trend line. The Stochastic Oscillators are dipped into the oversold region, indicating the possibility of the market witnessing differential lower lows.

Will there be more depressions in the GMT/USD market beyond the $1.50 level?

The GMT/USD price level at the $1.50 point line will witness variant delays in swinging northward back for a while as the crypto-economic market is featuring lower lows. We only do not expect an aggressive motion to occur at the current trading capacity strength in favor of many downs in the long-running of the trade. If the current depression on the crypto’s valuation has to go further intense, it would be to revisit a support-trading point around the previous low point to give stance back to a swing-high afterward.

On the downside of the technical analysis, the possibility of the GMT/USD market short-position takers appears to be approaching an end lower-trading spot for exhaustion. Therefore, they have to be wary of an emergence of a sudden bounce-off from the depth of a lower-trading zone that can be in no time. That is essential that the crypto economy has reached an oversold region to back that sentiment.

GMT/BTC Price Analysis

From the technical trending angle of analytics fact, the GMT market activity against Bitcoin has a lower-trending outlook around the trend line of the smaller SMA. The currency pair market is featuring lower lows. The 14-day SMA indicator is beneath the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region. And, they have clogged their lines within it to signify a start of consolidation manner. So far, so good; there has been no tangible sign that the base crypto will overpower the pressures inflicted on it by its flagship counter crypto in the near time.

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