STEPN (GMT), a popular cryptocurrency, has seen a surge in bullish momentum in the past 24 hours. Rising from $0.3215 to reach a strong resistance at $0.3371 and eventually plateauing at $0.3332 as of press time, the asset has seen an increase of 2.76%. Such improved indicators have been further solidified by an accompanying increase in the asset's market capitalization, rising 2.93% to $245,899,239, despite a decline in 24-hour trading volume which sits at $35,736,726.

The GMT/USD 24-hour price chart is indicative of a predominantly positive sentiment towards the asset, reflecting expectations of further gains. Judging by the current analysis, it appears that the price is likely to breach the upper Bollinger band of $0.33981130 and reach a potential resistance at $0.35. Such an increase is supported by the Relative Strength Index (RSI) rating, which currently stands at 53.96, pointing to an ongoing bullish trend. Should the RSI rise above the “70” level, however, a reversal may be expected in the near future.

In addition, the stochastic RSI displays a value of 68.39, indicating that the market is approaching overbought territory, necessitating careful monitoring for traders. Furthermore, the Chaikin Money Flow score of 0.24 serves to solidify the strong buying pressure, suggesting that investors are ready to purchase GMT at higher prices.

All in all, GMT’s current market sentiment is predominately bullish, with traders showing an increased interest toward the asset. Consequently, traders should take into consideration key resistance levels as the market continues to drive the asset's price upward. Nevertheless, they should remain wary of the imminent development of an overbought indicator and remain ready to take profits should a reversal or correction occur.



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