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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.

GMT’s price has Rebounded nearly 35% — from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s 500% and 120% price rallies in March and early May, respectively.

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