STEPN rebounds sharply after falling 80% in a month – did GMT prices bottom out? via Cointelegraph

STEPN rebounds sharply after falling 80% in a month – did GMT prices bottom out?

The sharp decline in STEPN (GMT) prices witnessed over the past 30 days appears to be close to drying up.

GMT prices are rebounded nearly 35% — From $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after prices fell into the same range, which acted as support before GMT’s 500% and 120% price rallies in March and early May, respectively.

Daily price chart. Source: TradingView
GMT/USD daily price chart with Fibonacci support/resistance levels. Source: TradingView
GMT/USD and daily correlation coefficients. Source: TradingView
GST/USD daily price chart. Source: TradingView