STEPN (GMTUSD) Price May Head Towards the $0.9000 High Value

STEPN (GMTUSD) Price Forecast: March 4
GMTUSD may likely head toward the $0.900 supply level as it is about to resume its bullish race. Thus if the bulls could change their orientation and turn around the crypto trend, the coin price may surge upward to reach the $0.900 high mark and beyond.

Key Levels:
Resistance Levels: $0.6000, $0.7000.00, $0.8000
Support Levels: $0.4000, $0.3000, $0.2000

GMT (USD) Long-term Trend: Bearish (Daily Chart)
STEPN price is in a bearish trend in its long-term view. The bears are now involved in the order flow, but the bulls are about to take over and push us higher as the market is now oversold.

During the previous action, the sustained bearish pressure at the $0.3631 support value has made the crypto’s price stay below the supply trend line.

The coin price found support at around $0.3814 level below the moving averages, this is due to the high inflows from the sell traders.

Meanwhile, the market now approaches the oversold region, meaning the selling pressure will end soon. Therefore should the bulls increase their swagger in the market, the price of GMTUSD is poised to pump up and may head towards the $0.900 high value in the days ahead in its higher time frame.

GMT (USD) Medium-term Trend: Bearish (4H Chart)
Analyzing the chart below, we can clearly see GMTUSD pair is in a bearish market zone.

The price currently trades slightly below the two EMAs. The crypto has been an interference with by the sell traders in the previous action and has dropped the price to a low of $0.3930 value.

The bulls made a corrective rally up to a $0.3992 supply trend line slightly below the moving averages shortly after the 4-hourly session opens today. This is an indication that the bulls are making an attempt to push the coin price to the upside and may possibly rise towards the $0.9000 resistance mark in the days ahead in its medium-term perspective.

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