STEPN Price Prediction: How Long Does Bearishness Last In GMT?

• STEPN (GMT) has a 24-hour trading volume of $14.4 Million.
• STEPN’s (GMT) live market cap is $184 Million.
• GMT coin is currently trading at $0.16 with a decline of 1.53% in 24 hours.

STEPN is a cryptocurrency traded on decentrsalised network. The GMT coin is ranked at #164 position as per the market cap ranking. The coin has a market cap dominance of 0.17%.

Financial Data of STEPN (GMT)

The open interest of GMT coin is $27.15 Million. The GMT coin’s OI decreased by 1.2% in the last 24 hours on 25 August 2023. The volume of the GMT coin is $184.

The total circulating supply is 1,098,267,252 GMT and the total supply is 5,434,867,272 GMT. The fully diluted valuation is $1,004,325,895. The GMT Coin has a market cap of $184 Million.

The GMT coin has made a 52-week high of $0.81 and the 52-week low is $0.15. The STEPN made an all-time high of $4.11 on April 28, 2022, almost a year ago. Since then, the price started falling and gave a decline of almost 95.93%.

STEPN (GMT) Technical Analysis

The price of the GMT is in a downtrend momentum. The price is trading near its all-time low level and a further decline in the price is expected. STEPN Price of GMT has shown a decline of around 63% since the last year.  

EMA

STEPN’s price is weak. The GMT price is trading below the 50-day and 100-day EMA levels. This is a bearish sign and shows that the price will fall.

MACD

The MACD line for the GMT is trading below the signal line. Also, there is a red histogram formation in the GMT coin. This suggests that the Coin is bearish and prices may fall in the next few days.

Technical Indicators Summary of STEPN (GMT)

The technical summary by TradingView represents the rise of bearishness in the GMT coin. In the weekly time, out of 26 indicators, 14 are showing bearish moves and only 2 are showing bullishness.

Conclusion 

As per the analysis, STEPN Price is trading near an all-time low level. The GMT price recently had a huge loss in momentum of around 78% in a year. Indicators like MACD and EMA are also giving a negative view of the GMT coin.

Therefore, if the STEPN Price breaks the support level and the price continues to move down, a further fall in price is expected.

Technical Levels

• Support Level: $0.15
• Resistance Level: $0.21

Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.