GMT Market Shows Signs of Bullish Momentum Despite Low Volatility

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GMT market shows signs of bullish momentum despite low volatility.
Traders should consider placing stop-loss orders in overbought territory.
Bearish signals indicate a potential opportunity for buying low and selling high.

Bullishness has reigned supreme in the STEPN (GMT) market over the previous 24 hours, with bearish attempts to take market dominance rendered futile after establishing $0.3679 support. Since then, buyers have been in charge, driving the price to a new intraday high of $0.3838 (matching yesterday’s high) and preventing sellers from breaking through the resistance level. At press time, the bullish dominance had valued GMT at $0.3794, a 2.29% gain.

During the upswing, the market capitalization increased by 2.34% to $227,654,583, indicating investors’ trust in the token and its intrinsic worth; nevertheless, the 24-hour trading volume decreased by 35.72% to $40,507,618. This decrease in trading activity shows that investors hang on to GMT rather than actively trading it because they expect the token’s price to rise.