Highlights:
📈 GMT price surges 40% in the last 24 hours, 60% over the week.
💹 Boosted by increased trading volume, open interest, and short liquidations.
📊 Chart forms a bullish inverse head-and-shoulders pattern.
In a surprising twist, STEPN’s GMT token is riding a bullish wave, up 40% today and 60% this week! 🌟 This comes after years of downtrends and consolidations, capturing every investor’s attention as it bucks the broader crypto market decline. But what’s driving this sudden spike? Let’s break it down! 🔍
💼 Increased Activity Fuels the Rally:
- The token’s 24-hour trading volume surged 228% to hit $1.92B.
- Open Interest climbed 63%, signaling heightened market activity.
- Short liquidations in December forced traders to rebuy, further fueling the price surge.
📊 Bullish Patterns Ahead?
The GMT chart is forming an inverse head-and-shoulders pattern, signaling a potential bullish reversal. RSI trends remain optimistic but near the overbought zone, cautioning long-term traders.
🔮 Will It Sustain?
- A breakout above $0.248 could propel GMT to $0.4155 or higher.
- A dip to $0.161 might disrupt bullish momentum, so strategic trades are crucial.
🌟 What Should Investors Do?
Despite being 95% below its all-time high of $4.11, the current surge offers short-term profit opportunities. However, with rising inflows to exchanges, careful planning is needed to capitalize on this rally. 💡
GMT’s rise is a reminder that even in a falling market, strategic plays can lead to big wins. 🤑📈 Keep an eye on the charts and trade wisely! #Crypto #GMT #STEPN
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