2024

Million

Reversal

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Gmt crypto price currently trades at $0.293, recording a 0.30% gain and a pause in the bearish momentum.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The GMT crypto dropped below the 20-Day EMA, suggesting early signs of weakness.&nbsp;</a> </li> 
</ul> 
<p>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.&nbsp;</p> 
<p>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.</p> 
<p>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.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/AxXmj3QSAReyPsgLQUej0LjHs4Z7SCjEV9OJn_Ayg8uO_EFF3jJ-g4PbWFiwvDdBn0MTB6qPMoFAZZoHjwhlK9gm7MLdqG5mHwBG_Adnqh3RDN7KN_TtfcDZkXHsAAZZeRKRvqQjmJh4t2ibYBBfsUY" alt="GMT Price Finds Support at 50-Day EMA: Is a Reversal Imminent?">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="strong-gmt-crypto-price-trend-analysis-strong"><strong>Gmt Crypto Price Trend Analysis</strong></h2> 
<p>The trend outlook shows that <a href="https://www.thecoinrepublic.com/2024/01/19/meta-platforms-vision-may-take-a-good-decade-to-materialize/" target="_blank" rel="noreferrer noopener">GMT crypto price</a> 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.&nbsp;</p> 
<p>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.</p> 
<p>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.&nbsp;&nbsp;</p> 
<p>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.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-gmt-price-prediction-january-2024-strong"><strong>Gmt Price Prediction January 2024</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-1024x472.png" alt="GMT Price Finds Support at 50-Day EMA: Is a Reversal Imminent?" class="wp-image-189297" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-412.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   GMT/USD Chart by TradingView
  </figcaption>
 </figure>
</div> 
<p>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.</p> 
<h2 class="wp-block-heading" id="strong-gmt-price-prediction-2024-strong"><strong>GMT Price Prediction 2024</strong></h2> 
<p>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.</p> 
<p><strong>GMT Price Prediction 2025</strong></p> 
<p>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.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>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.&nbsp;</p>

GMT Price Finds Support at 50-Day EMA: Is a Reversal Imminent?

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