After finding support at $0.3746, GMT bulls are rushing, pushing prices through CoinEdition by 2.52%

After finding support at $0.3746, the GMT bulls are plunging, pushing prices up 2.52%. According to recent price analysis, the price growth for STEPN (GMT) has been consistent. Bulls need to hold resistance at $0.3888 to keep this rally going.

At the time of publication, the price of STEPN (GMT) was up 2.52% from its daily low of $0.3746 to $0.3862.

At No. 111 GMT, the market cap rose 2.39% to $232,026,037, but the 24-hour trading volume collapsed 30.53% to $27,483,571, suggesting buyers are behind sellers’ expectations stay behind.

1-Day Price Chart (Source: CoinMarketCap)

The three lines are moving upstream, according to the Williams open-mouthed alligator, reflecting a positive trend. The intersections of the red (teeth), blue (jaw), and green (lips) lines are all at 0.3861, 0.3850, and 0.3861, respectively. The price action above the alligator’s mouth, suggesting that the bullish dominance will persist, is amplifying this bull run.

The blue MACD line rises into positive territory and above its signal line to reach the 0.0015 level, indicating a bullish crossover. The uptrend of this MACD line and the move away from the negative region predicts continued bullish dominance in the GMT market.

Additional support for this uptrend in the GMT market is that the Stoch RSI is neither overbought nor oversold at 66.55. The rising movement in the Stoch RSI further suggests that the current trend will continue.

GMT/USD 1 hour price chart (Source: TradingView)

The trend of the shorter-term MA above the longer-term MA supports this bullish momentum. The 20-day MA touches 0.3839 reflecting this scenario, while the 5-day MA touches 0.3865. The price action beating both MAs supports the idea that bulls are dominating the market.

GMT/USD 1 hour price chart (Source: TradingView)

The positive trend in the SOL market is expected to continue as long as the bulls can hold the barrier level.

Disclaimer: The views and opinions and all information shared in this price analysis are published to the best of our knowledge and belief. Readers must do their own research and due diligence. Any action taken by the reader is entirely at your own risk. Coin Edition and its affiliated companies shall not be liable for any direct or indirect damage or loss.

The post “When Finding Support at $0.3746, GMT Bulls Pounce, Driving Prices Up 2.52%” appeared first on Coin Edition.

See original on CoinEdition