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Green Metaverse Token (GMT) price analysis: sellers try to break the $2.0 support without success

TL:DR Breakdown

  • The STEPN Green Metaverse Token (GMT) has seen a 31,000% increase.
  • The MACD indicator is in positive territory.
  • The Fibonacci levels have been breached to the upside.

Green Metaverse Token price analysis for the last 24 hours shows that the highest price during the day was $2.29, and the lowest was $2.1. There was a marginal decrease of 1.13% in Green Metaverse Token’s price between midnight and noon. The price hovered around $2.1 level through the afternoon and evening. At present, the coin is trading at $2.5, which is 0.28% up from its yesterday’s close.

The market capitalization of Green Metaverse Token on 215th April was $14.48 million, and the 24hrs trading volume is 679 millon which is decline of 23 percent.

As per the Green Metaverse Token Prediction, the price of Green Metaverse Token is estimated to reach $5 by the end of 2022. This will mark an increase of 44% from its current value.

Data from the Coin360 heat map shows that most altcoins are bleeding today. However, a few exceptions in the top-10 include Litecoin (LTC), EOS, and Bitcoin Cash (BCH). The market is still down by over $50 billion since yesterday. GMT is down by 1.5 percent today and is currently trading at $2.20.

Green Metaverse Token (GMT) price analysis: sellers try to break the $2.0 support without success 1

Source: Coin360

The GMT coin has traded in 2.16 -2.28 in the past 24 hours. The total volume traded was worth over 7.0 million. The price is trading above the 50-day and 200-day simple moving averages.

What do technicals say about GMT?

The MACD indicator is in positive territory, but the signal lines are close, which indicates that the market may be about to enter into a consolidation phase.

Green Metaverse Token (GMT) price analysis: sellers try to break the $2.0 support without success 1

Source: Tradingview

The SMA 200 indicator is currently slightly above the price, indicating that the long-term trend is still bearish. However, the SMA 50 indicator has crossed above the SMA 200 indicator, which is bullish and indicates that the short-term trend is now starting to turn positive.

The current market conditions indicate that the GMT coin is in a bearish trend in the short term, but the long-term trend is still bullish. Investors should tread with caution and wait for a breakout before making any decisions.

GMT coin hilarious 31,000 percent increase in a month!

This is no joke; the STEPN Green Metaverse Token (GMT) has seen a 31,000% increase in value since its token sale on Binance Launchpad last month. That’s an insane return on investment, and if you were lucky enough to get your hands on some GMT tokens, you’re probably feeling pretty good about yourself right now.

Of course, it’s always possible that the value of GMT could drop just as quickly as it rose. So if you’re thinking about buying in now, be sure to do your research and only invest what you can afford to lose. But if you’re feeling lucky, maybe the STEPN Green Metaverse Token is worth a shot. Who knows, you could end up making a fortune!

Since the token sale, why has STEPN Green Metaverse Token (GMT) spiked 31,000%? 

Since the introduction of the STEPN Green Metaverse Token (GMT), it has seen a dramatic increase in popularity. The STEPN Green Metaverse project, first and foremost, has been getting a lot of attention lately. On March 29, 2022, a STEPN representative hinted at a possible business collaboration with a major sports organization. The project went viral on social media. By displaying an image containing secret corporate emblems from well-known companies such as Adidas, Nike, Asics, Head, and even Binance.

Second, the STEPN team has worked diligently to expand the project and introduce new features. They’ve also added a “stake-to-earn” feature that allows users to earn tokens by stacking them in the STEPN Green Metaverse.

Green Metaverse Token price movement in the last 24 hours: The coin observed a good deal of volatility?

The Bollinger bands are comprehensive in most parts of the daily chart, indicating that the market is experiencing higher volatility. The price of the GMT is rising towards the upper band, indicating that the buyers have outnumbered the sellers hence a possible price surge.

Green Metaverse Token (GMT) price analysis: sellers try to break the $2.0 support without success 1

Source: Tradingview

The Fibonacci levels have been breached to the upside, and the market has been consolidating for some time now. There is a possibility that the market may continue to move up, but it is more likely that the market will retrace back down to the previous support levels.

Overall, the market looks like it may continue to move up in the short term, but it is more likely that we will see a retracement back down to support levels. The key levels to watch are the previous support levels around $2.0. If the market can hold above these levels, we could see a continuation of the uptrend. However, if these levels break down, we could see a further decline in prices.

The Relative Strength Index is currently at 50%, which indicates that the GMT is neither overbought nor oversold and is still in a good position for a possible price increase. Therefore, we can expect the price of GMT to continue increasing in the next few hours.

Green Metaverse Token: Conclusion

From the above Green Metaverse Token (GMT) technical analysis, it is evident that the GMT is currently experiencing high volatility in the market with a possibility of a price surge soon. However, one should always consider other market factors before making any investment decisions.

Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

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