STEPN (GMTUSD) Price Might Rebound to Retest $0.8207 Supply Level Soon
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STEPN (GMTUSD) Price Forecast: March 7
The STEPN price might rebound to retest the $0.820 supply level soon after completing the dip lows. Therefore, the coin price breakup from the support trend line at $0.3549 will release the trapped bullish momentum. The upcoming bullish pattern may possibly push the price to the $1.000 resistance mark.
Key Levels:
Resistance Levels: $0.600, $0.700, $0.800
Support Levels: $0.400, $0.300, $0.200
GMT (USD) Long-term Trend: Bearish (Daily Chart)
GMTUSD price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen below the two moving averages. Thus, the current trend will soon end as the selling pressure looks exhausted below the 5% range of the stochastic.
The bears’ action to the $0.363 low level during yesterday’s session has added to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the $0.686 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.354 to invalidate the bearish theory.
Thus, traders who buy the coin during the bearish market will also make gains in the future.
Additionally, the market is oversold Thus, a rise in the upcoming rally and breakout above the $0.686 high value may turn around the market price of STEPN and the recovery pattern might reach a $1.000 supply trend line in the days ahead in its higher time frame.
GMT (USD) Medium-term Trend: Bearish (4H Chart)
The currency pair is bearish in its medium-term perspective. This is due to the bearish impact on the market. 
After a series of bullish moves, the inflows from the bears dropped the price of the GMTUSD pairs down to a low of $0.355 level below the two EMAs. Thus, buy investors can buy the coin at a lower price at the moment and move the price of the crypto further upward.
Hence, the market is oversold already, a further rise in the market price of STEPN is possible if the buy traders can trigger their buying pressure and break up the $0.559 level. The price might possibly reach a $1.000 supply trend mark soon in its medium-term time frame.
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