The post Will GMT Price Breakout of 6 Month High? appeared on BitcoinEthereumNews.com.

STEPN price prediction suggests the rally has just begun and new swing highs are possible in the coming months.  GMT price continues to rise by forming higher high candles and succeeds in climbing above the 50-day and 200-day EMA. It shows that the short-term trend as well as the positional trend has reversed upward.  The 50-day EMA is approaching the 200-day EMA. If the golden crossover happens, then it will boost the confidence of the investors and fuel the rally.  Meanwhile, the buying volume also surged and positively impacted the GMT price. It shows that crypto whales and other genuine investors may have taken a long position.  The recent rally in GMT is supported by a high volume which increases the probability of sustaining the higher levels. Therefore, investors and short-term traders may look to play bullish bets and stay with the uptrend.  At present, GMT price is near the 6-month high at $0.3180 so it will act as a strong hurdle for the bulls. However, bulls look more aggressive so the probability of breakout remains high and buyers are likely to win the battle. Will STEPN Price Continue the Momentum? Source: GMT/USDT daily chart by Tradingview STEPN price prediction is bullish and suggests GMT price may reach $0.7000 by the end of 2024. The buyers are active at lower levels so if any short-term correction triggers then it will have a high probability of bouncing back.  Till the GMT crypto price sustains above the $0.3000 level, the buyers will be available and downside risk remains low.  STEPN crypto will trigger the next phase of the rally when buyers can break the $0.3180 supply zone. Till then, the price may spend time in a wide range of consolidation.  The analysis suggests that the GMT crypto price has turned bullish and…

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Filed under: News - @ November 22, 2023 3:20 pm