GMT Posts 24H Loss as Rest of Crypto Market Continues to Fall -Breaking
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GMT Posts 24 Hour Loss, While the Rest of Crypto Market Continues To Fall- In the past 24 hours, STEPN (GMT), has dropped.
- On the GMT/USDT daily chart, a bearish-descending triangle formed.
- Indicates suggest that GMT’s price may drop more.
CoinMarketCap shows that the price of STEPN, also known as GMT (or Stepn), has fallen in the last 24hrs.
GMT is currently priced at $2.63. That is a slight drop in price over the last 24 hours of 3.32%. After GMT suffered a double-digit decline in its last seven days, this price drop is expected to continue. The last 7 days looks as if it was a retracement in GMT’s price as it is still up by 20.31% in the last month.
Ranked 51st on CoinMarketCap’s list of the biggest cryptocurrency projects by market cap, GMT’s total market cap is around $1,575,074,919. GMT’s 24 hour trading volume stands at $119,646,256. That is 43.34% less.
GMT hit a 24-hour low price of $2.56, and then soared to a high of $2.73 in 24 hours. Its current value is right at the middle.
The GMT Daily Chart shows a Descending Triangle (Source:TradingView).
The daily chart of GMT/USDT shows a downward triangle. This is because the $2.46 support level holds the price up for GMT. Lower highs have also been made by the token. This bearish chart pattern suggests that GMT could fall further if the market breaks above the current support level.
The RSI14’s slope downwards, as GMT heads towards oversold status and the 8 EMA crossing below the 20 EMA are indicators that indicate that GMT’s price may drop more. Both indicators indicate that there may be more sell volume.
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