The entire crypto market appears to be regaining after days of downfall. The entire cryptocurrency market capitalization has increased by almost 4% in the last 30 hours. This article is all about the GMT price prediction. Is 1$ back in sight for STEPN? Let’s take a look at it in more detail.
What is STEPN (GMT) Crypto?
GMT price prediction: STEPN Price is Bullish
In the last seven days, the GMT price has increased by almost 4.1%. AT the time of writing this, the price is sitting at $0.913595. Stepn (GMT) price seems to be pursuing the bullish momentum of the crypto markets. The Bitcoin price has been balancing around $20K for the past several days. Eventually, BTC holds the level of $20K as support and the STEPN price is moving towards the abstract mark of $1.0. The GMT investors are encountering a selloff around the $1.0 to $1.1 critical resistance zone. The bulls are likewise striving to maintain the price beyond this resistance spot.
The reason behind this bullish momentum could be the latest project developments. The GMT has been toiling on an NFT project named APE sneakers. According to the official Twitter account, the company provided an update on the APE sneaker drop stating that it is “giving away 6 APE Sneakers [over the next] three days.” This announcement could be one of the reasons why the price is increasing steadily.
GMT Price Prediction: Is 1$ back in sight?
On the daily price chart, the price movement of the GMT created a high low after rebounding from the 20-day EMA. The RSI indicator ultimately touched the crucial 50 points mark. Now there is a bullish prospect for the bulls as the RSI indicator is pushing towards the overbought area. Likewise, the MACD indicator is just below the unbiased area and both the moving lines are going to stay in the positive zone onwards. It seems that the GMT price is blundering against the 50-day EMA. Despite a price rise in the last few days, the bulls need to earn more altcoins to halt current resistance levels such as $1.0.
On a social path, the GMT coin witnessed an instantaneous shift in the last 23 days. Since 15 June, social dominance has increased by more than 300%. Within the same time, the social volume also reported an almost 60% expansion. Yet, within the same course, the pool of the GMT token controlled by whales witnessed a drop of 4%.
STEPN has seen huge adoption and various attraction with some people utilizing it as an entrance into the crypto world. The web3 move-to-earn platform fetches jointly critical evolving digital trends such as metaverse. The $1 price is not far and it seems that the GMT could crack this price level. The further price rise entirely depends on how major altcoins perform in the upcoming days.