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Dalmas Ngetich
Jun 14, 2022
by Dalmas Ngetich

STEPN Technical Analysis: Crypto Soars 16% But GMT Resistance Remains At $0.83

STEPN Technical Analysis

Table of contents

  1. Past Performance of STEPN
  2. STEPN Technical Analysis
  3. What to Expect from the GMT coin?
STEPN crypto is one of the top performers in H1 2022, adding 40X from launch. However, GMT appears to be cooling off after cratering below $0.86.

Past Performance of STEPN

The STEPN coin price is defying gravity at spot rates. Still, the STEPN crypto coin is under pressure and aligning along the lower BB. GMT crypto is one of the top performers, adding 16 percent against the USDT in the last trading day alone. GMT surged an average of 16 percent during this time against the BTC and ETH.

STEPN Technical Analysis

STEPN GMT Daily Chart for June 14

The crypto market is under pressure, and the STEPN coin is technically fragile. While it is up 16 percent, it is banding along the lower BB in a bear breakout below $0.86. This reaction level flashes with May 2022 lows. Based on the development in the daily chart, aggressive sellers may sell on every pullback, targeting $0.30 in the short term. However, a recovery above $0.86 would pour cold water on bears and allow prices to recover after two months of steady lower lows.

What to Expect from the GMT coin?

Sellers are in the driving seat as per the GMT technical analysis. A recovery from spot rates, forcing prices above the middle BB, would be refreshing. However, with GMT token prices banding along the lower BB, the odds are stacked against optimistic buyers.

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STEPN Technical Analysis: Crypto Soars 16% But GMT Resistance Remains At $0.83
Dalmas Ngetich
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

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