STEPN Technical Analysis: Crypto Soars 16% But GMT Resistance Remains At $0.83

STEPN crypto is one of the top performers in H1 2022, adding 40X from launch. However, GMT appears to be cooling off after cratering below $0.86. Past Performance of STEPN The STEPN coin price is defying gravity at spot rates. Still, the STEPN crypto coin is under pressure and aligning along the lower BB. GMT crypto is one of the top performers, adding 16 percent against the USDT in the last trading day alone. GMT surged an average of 16 percent during this time against the BTC and ETH. STEPN Technical Analysis The crypto market is under pressure, and the STEPN coin is technically fragile. While it is up 16 percent, it is banding along the lower BB in a bear breakout below $0.86. This reaction level flashes with May 2022 lows. Based on the development in the daily chart, aggressive sellers may sell on every pullback, targeting $0.30 in the short term. However, a recovery above $0.86 would pour cold water on bears and allow prices to recover after two months of steady lower lows. What to Expect from the GMT coin? Sellers are in the driving seat as per the GMT technical analysis. A recovery from spot rates, forcing prices above the middle BB, would be refreshing. However, with GMT token prices banding along the lower BB, the odds are stacked against optimistic buyers.The post STEPN Technical Analysis: Crypto Soars 16% But GMT Resistance Remains At $0.83 appeared first on Cryptoknowmics-Crypto News and Media Platform.