GMT Crypto Struggles to Recover back above $1.00! -

Stepn price is trading with downtrend momentum over the daily price chart.
GMT crypto is trading at 20 EMA and is still below 50 and 100-days Daily Moving Average.
The pair of GMT/BTC is at 0.0000348 BTC with an intraday drop of 0.69%.

The GMT token’s price fell below $1.00 due to the current bear market. All other cryptocurrencies are having trouble finding support and are soaring bearishly throughout the charts. The devastation of the bitcoin market haunts the investors, raising widespread anxiety.

Those who are composed or have skillful hands are watching for a chance to purchase their securities on the market. This is an excellent chance for traders to make investments in a number of priceless and well-known digital assets and generate large long-term returns.

For GMT to surpass the psychological $1.00 threshold and maintain above it, the volume change, which is presently below normal, must rise.

What do Technical Indicators suggest about GMT?

To buck the downward trend, GMT investors must work to eliminate the relevant bullish barriers. Technical indications provide some intriguing details regarding the resurgence of the GMT coin.

The GMT is attempting a breakdown at neutrality at 49, as shown by the relative strength index.

The GMT token’s slight positive momentum is visible in MACD. Positive crossover occurs when the MACD line crosses the signal line upward and is placed in front of it. Investors in GMT should watch the daily chart for any directional changes.

Conclusion

Stepn’s market value has grown by 7.30% over the past 24 hours. But only a month after going public in March 2022, the GMT token has started to show signs of life, soaring to $4.50 and breaking all previous records. In 2022, GMT is reportedly the finest cryptocurrency asset to invest in. Furthermore, it is anticipated that GMT would surpass its record high of $4.50 by the end of 2022. Technical indications provide some intriguing details regarding the resurgence of the GMT coin. Investors in GMT should watch the daily chart for any directional changes.

Technical Levels

Support Levels: $0.60 and $0.55

Resistance Levels: $0.90 and $1.30

Disclaimer

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.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing