Will GMT Price Breakout of 6 Month High?

STEPN price prediction suggests the rally has just begun and new swing highs are possible in the coming months. 

GMT price continues to rise by forming higher high candles and succeeds in climbing above the 50-day and 200-day EMA. It shows that the short-term trend as well as the positional trend has reversed upward. 

The 50-day EMA is approaching the 200-day EMA. If the golden crossover happens, then it will boost the confidence of the investors and fuel the rally. 

Meanwhile, the buying volume also surged and positively impacted the GMT price. It shows that crypto whales and other genuine investors may have taken a long position. 

The recent rally in GMT is supported by a high volume which increases the probability of sustaining the higher levels. Therefore, investors and short-term traders may look to play bullish bets and stay with the uptrend. 

At present, GMT price is near the 6-month high at $0.3180 so it will act as a strong hurdle for the bulls. However, bulls look more aggressive so the probability of breakout remains high and buyers are likely to win the battle.

Will STEPN Price Continue the Momentum?

STEPN price prediction is bullish and suggests GMT price may reach $0.7000 by the end of 2024. The buyers are active at lower levels so if any short-term correction triggers then it will have a high probability of bouncing back. 

Till the GMT crypto price sustains above the $0.3000 level, the buyers will be available and downside risk remains low. 

STEPN crypto will trigger the next phase of the rally when buyers can break the $0.3180 supply zone. Till then, the price may spend time in a wide range of consolidation. 

The analysis suggests that the GMT crypto price has turned bullish and may perform well in the coming months. 

GMT Price Rose for Six Consecutive Weeks; What’s Next?

GMT price rose for six consecutive weeks and recovered the losses of the past six months. It shows the strength and the confidence of the bulls. The price is approaching the supply zone so it may spend some time into the narrow-range consolidation. 

Furthermore, the consolidation will form a strong base and increase the possibility of a breakout. The MACD curve lost the bullish momentum and is reversing down that indicates mild bearishness. 

The RSI at 70 denotes overbought territory so profit booking may trigger anytime from the higher levels. However, the supertrend favors the bulls and suggests till the price holds $0.1900, the trend will remain upward.

Conclusion

STEPN price prediction suggests a rally in GMT crypto has just begun and more upside is pending. Buyers are active and succeeded in holding the price above both the EMAs so GMT may break the 6 months high soon. 

Technical Levels

• Resistance levels: $0.3180 and $0.3478
• Support levels: $0.2043 and $0.1370

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.