STEPN (GMTUSD) Price to Turn Upside Soon
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STEPN (GMTUSD) Price Forecast: March 2
GMTUSD may likely turn upside soon as it is about to resume its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $1.000 high level and beyond.
Key Levels:
Resistance Levels: $0.5000, $0.6000.00, $0.7000
Support Levels: $0.4000, $0.3000, $0.2000
GMT (USD) Long-term Trend: Bearish (Daily Chart)
The price of STEPN is currently trading in a bearish zone in its long-term view. The pressure from sellers actually adds to the bearish impact on the market.
The impulse move from the bears further dropped the price of GMTUSD to a low at the $0.3755 support value below the moving average lines. However, traders can also buy the coin at this trend to make more gains in the future.
The Stochastic is also showing the market is oversold. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.8207 supply level; the $1.000 resistance level might be reached in the days to come in its long-term outlook.
GMT (USD) Medium-term Trend: Bullish (4H Chart)
The price of GMTUSD opened lower but managed to trade in green over the past minutes. This means that the coin is in a bullish trend zone.
The coin price at the $0.3877 supply value which is above the EMA-9 as the 4-hourly chart opens today indicates an uptrend and a more bullish impact on the coin. Thus, staying above the $0.3823 value will make it capable for the coin price to rise further.
However, the market indicates an uptrend on the daily signal, and there is a possibility of a further increase in the price STEPN if the buy traders should increase their price actions and all the current support level holds, a psychologically key level of $1.000 at the upside might be reached soon in its medium-term time frame.
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