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- 1 Gmt crypto price currently trades at $0.293, recording a 0.30% gain and a pause in the bearish momentum.
- 2 The GMT crypto dropped below the 20-Day EMA, suggesting early signs of weakness.
Gmt crypto paused after losing consecutively over the last three sessions. The crypto experienced a drop after suffering rejection from the 20-Day EMA. The crypto price is near the 50-Day EMA where the buyers might look for a signal to execute trade positions.
Moreover, the early morning session was a bit negative as the price continued to fall. However, the bulls made a comeback and recovered the morning losses.
At the time of writing, the GMT crypto price was hovering near $0.293 with a 0.30% gain. The crypto has a total market cap of $486.740 Million and ranked 112nd in the overall crypto market. It has a 24-hour volume of 43.76 Million with a drop of 27.6% as compared to the previous day.
Gmt Crypto Price Trend Analysis
The trend outlook shows that GMT crypto price is giving a strong outlook for the past three months and was forming a bullish trajectory above the key EMAs. The price attained a high of $0.44 on January 7th, rising from a low of $0.149 in October 2023.
However, the GMT crypto suffered a sharp fall in the past 2 weeks which has dragged the price below the key EMAs of 20-Day and 50-Day EMAs. The price may continue to dig lower if the momentum continues.
However, the long term trend is still positive and the price may bounce back from the lower levels. Currently, the price has reached the recent support of $0.283 from where an upthrust is expected. If the buyers fail to defend the recent support, the price may show a further drop in the coming sessions and reverse its course.
At press time, RSI was at 46.07 points and that of the SMA line was at 51.47 points. RSI has made a bearish crossover of the SMA line indicating early signs of weakness. Also, RSI line has fallen below the mean line indicating loss of momentum.
Gmt Price Prediction January 2024
As per the most optimistic view of our analysts, the GMT price could reach a high of $0.353 by the end of the month. The bearish view of analysts hopes for a breakdown near the recent support after which the price may drop to a low of $0.266.
GMT Price Prediction 2024
The price prediction for 2024 shows that GMT crypto may advance to a high of $0.483 by the end of year 2024. The less optimistic analysts estimate a price target of $0.389 by the end of year 2024.
GMT Price Prediction 2025
On the most bullish observation, GMT crypto could gain to a high of $0.667 in the year 2025. On the flip side, the most pessimistic prediction of our analysts is for the price to reach $0.510.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
