STEPN Price Analysis: Will GMT Surge to hit $0.72


  • The current trading volume of STEPN is at $66,076,597.00.
  • GMT faces resistance at $0.72.
  • Support for the bears has been established at $0.59
  • STEPN shows bearish momentum over the weekend.

03 October 2022 : In this article we will walk you through STEPN price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for STEPN, Is GMT a good investment? STEPN support & resistance levels etc. But before diving deep into the GMT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $936,641,496,110. The total trading volume stands at $53,445,285,048. Bitcoin shares 39.68 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,387.90 level after an upward movement of 0.98%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.66 percent reaching to $1,318.93 during the previous 24 hours.
While publishing this blog, BNB traded at $287.28, following a price change of 1.46% within the same time frame. XRP the native coin of XRP is down by -1.95 and currently trading at $0.45. Additionally, Cardano reached $0.42 after seeing a uplift of 0.01% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

STEPN Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of STEPN (GMT)

GMT Resistance Levels GMT Support Levels
Resistance Level 1 $0.72 Support Level 1 $0.59
Resistance Level 2 $0.80 Support Level 2 $0.53
Resistance Level 3 $0.86 Support Level 3 $0.46

STEPN Performance

According to Price Analysis Market Index, STEPN (GMT) is trading at $0.62 with a trading volume of $66,076,597.00. However,GMT has a price decline of -0.35% in the last 24 hours.GMT price changes -2.94% over the week with a total market capitalization of $371,309,535.00 USD.

STEPN Price Analysis

GMT price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the STEPN.

Moving Averages Price Indicator
Simple Moving Average (10) 0.65 Sell
Exponential Moving Average (10) 0.65 Sell
Simple Moving Average (20) 0.64 Sell
Exponential Moving Average (20) 0.64 Sell
Simple Moving Average (50) 0.72 Sell
Exponential Moving Average (50) 0.72 Sell

The MACD line is standing above of the signal line after a positive crossover. STEPN investors need to wait for any directional change over the daily chart. While GMT’s Williams %R indicator is at -63.261 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The Relative strength index (RSI) for GMT Coin is currently hovering at 57 for 14-days average line, which means GMT is moving towards overbought zone. GMT has a nearest resistance of $0.72. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the resistance R2 placed at $0.80. Alternatively, if the investors turn against the STEPN (GMT), the bears might control the market and take GMT price below the crucial support level of $0.59.

Conclusions

There had been a negative trend for some time and it seems that the coin's recuperation will continue as long as it remains in the reddish area. You should only acquire crypto right now if you're prepared to hold it through the ups and downs of the crypto market.