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STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out? -Breaking

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STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?

It appears that the massive fall in STEPN prices (GMT) over the past 30 days is nearing its end.

Price of GMT has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. It is interesting that the downside retracement occurred after the price plunged in the same area. These support levels had been in place before GMT’s price rises of 500% & 120%, respectively, in March and May.

Chart of daily prices Source: TradingView
GMT/USD price chart daily with Fib support/resistance levels TradingView
GMT/USD, daily correlation coefficient. TradingView
Daily price chart for GST/USD Source: TradingView