The price of STEPN (GMT) could be set for a major rally against Tether (USDT) after showing bullish signs. Related Reading: Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like STEPN bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of GMT On The Weekly Chart From the chart, the price of GMT saw a weekly low of around $0.58, which bounced from that range and rallied to $1. The price has built more momentum as it faces resistance at $1. If the price of GMT on the weekly chart continues with this bullish structure, it could quickly hit the $1.7 mark. The volume shows decent buy bids, pushing the price of GMT higher. Weekly resistance for the price of GMT – $1. Weekly support for the price of GMT – $0.63. Price Analysis Of GMT On The Daily (1D) Chart The price of GMT found strong support at around $0.58, with what seems to be an area of interest on the daily chart. GMT bounced from its support, forming a bullish trendline that acts as a support and has continued to maintain this structure. At the point of writing, the price of GMT is at $1, trying to break above the 50 exponential moving averages (EMA), which corresponds to the resistance at $1. If the GMT price fails to break the 50 EMA region, $0.84 would be a good support to hold sell-off...
