STEPN (GMT1) has started bumping in the last 24 hours with a solid bullish run. According to the LBank chart below, GMT1/USD has surged 14.43% to hit $3.72 at the time of writing.
The ascending bias looks intact as the token is in a consolidating phase around $3.7 levels and preparing for its next surge near the $4 mark. With that, it looks like a bullish reversal is in play for GMT1 which had traded sideways for several weeks now.
STEPN (GMT1) Trends In LBank and It Surges Above $3.7
The cryptocurrency has witnessed immense price recovery in the last 24 hours. STEPN hit the intraday high of $3.74, surging by almost 15% against USDT. There is a massive rally as the coin broke major resistance levels of $3.5 that was quite hard to break for a long time.
STEPN (GMT1) has appeared on the radar of most cryptocurrency traders after its rapid rise to the top 54 by market capitalization. The blockchain project has surged in value by 77% within the past week and is now one of the best-performing altcoins this month on the LBank crypto exchange.
STEPN’s price crossing over $3.6 is a bullish sign, which suggests that the momentum will continue to be in favour of buyers in the coming days. The current price action looks more favourable for bulls than bears, who might come in limelight as soon as STEPN falls below the $3.6 support level.
What is STEPN?
STEPN is a Web3 lifestyle app with inbuilt social elements and gamification design. Users equipped with NFT Sneakers — walk, jog, or run outdoors to earn GST, which can be used to level up and mint new Sneakers. Players can choose to lease or sell their NFT Sneakers on the in-app Marketplace.
What is Green Metaverse Token (GMT1)?
GMT1 is the governance token of STEPN with a limited supply of 6 billion tokens.