January 27, 2023


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Upon Finding Support at $0.3746, GMT Bulls Pounce, Propelling Prices by 2.52% By CoinEdition

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Upon Finding Support at $0.3746, GMT Bulls Pounce, Propelling Prices by 2.52%

According to recent price analyses, Price growth for STEPN (GMT) has been consistent.Bulls need to hold resistance at $0.3888 to keep this rally going.Bulls succeeded in driving prices higher during the upswing by 2.49%, to $0.3862.

As of the time of publication, the price of STEPN (GMT) had appreciated by 2.52% to $0.3862 from its intraday low of $0.3746.

Being ranked #111 GMT, market cap soared by 2.39% to $232,026,037, but 24-hour trading volume plummeted by 30.53% to $27,483,571, indicating that buyers are falling short of sellers’ expectations.

1-day price chart (source: CoinMarketCap)

The three lines are moving upstream with an open mouth, according to the Williams alligator, reflecting a positive trend. The intersections of the red (teeth), blue (jaw), and green (lips) lines are all at 0.3861, 0.3850, and 0.3861, respectively. Price movement over the alligator’s mouth, which suggests that bullish superiority will endure, reinforces this bull run.

The blue MACD line soars in the positive region and above its signal line to reach a value of 0.0015, denoting a bullish crossover. This MACD line’s rising trend and movement away from the negative region foretell prolonged bullish supremacy in the GMT market.

Additionally supporting this bullish trend on the GMT market, the Stoch RSI reading of 66.55 is neither in the overbought nor oversold region. The rising motion of the Stoch RSI further indicates that the current trend will continue.

GMT/USD 1-hour price chart (source :TradingView)

The trend of the shorter term MA above the longer term MA supports this bullish momentum. The 20-day MA touches at 0.3839, reflecting this scenario, while the 5-day MA touches at 0.3865. The price movement, which surpasses both MAs, supports the idea that bulls are in charge of the market.

GMT/USD 1-hour price chart (source:TradingView)

On the SOL market, the upbeat trend is anticipated to continue so long as bulls can hold the barrier level.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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