GMT Bulls Stand Firm, Trader’s Eyes Set on $0.35 Resistance

• GMT overcomes bearish pressure, and eyes resistance at the $0.35 level.
• Growing bullishness and positive sentiment have overall boosted GMT’s performance.
• Traders must monitor key resistance levels amidst overbought conditions

In the previous 24 hours, STEPN (GMT) bulls have been steadfast, rebuffing bear efforts to lower the price and propelling it from $0.3215 to $0.3371, where resistance remained firm. The bullish trend remained strong as of press time, generating a 2.76% advance to $0.3332.

If positive momentum breaks above the $0.3371 barrier level, the asset might rise, perhaps hitting the next resistance level at $0.35. If the resistance level persists, a consolidation or a retreat toward the support level at $0.32 may occur.

During the upturn, GMT’s market capitalization increased by 2.93% to $245,899,239, but 24-hour trading volume decreased by 27.39% to $35,736,726. This movement implies that traders’ interest in GMT is growing despite a drop in trading volume, indicating a positive feeling toward the asset.

GMT/USD 24-hour price chart (source: CoinMarketCap)

On the GMT 4-hour price chart, the upper and lower Bollinger bands are touchi…

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