$GMT

Current Price: $0.1976 (Spot), $0.1971 (Contract)

24h Price Change: +1.07%

24h High/Low: $0.198/$0.1869

Support Level: $0.1883

Resistance Level: $0.1959

Market Capitalization: $392,679,309

Circulating Supply: 2,911,759,613 GMT

Market Sentiment: Extreme Greed (Fear & Greed Index: 76)

Detailed Analysis

1. Price Movement:

The current price of GMT is $0.1976, showing a slight increase of 1.07% over the last 24 hours. The price has fluctuated between $0.1869 and $0.198 during this period, indicating a relatively stable trading range.

2. Support and Resistance:

The immediate support level is at $0.1883, while the resistance level is at $0.1959. This suggests that if the price breaks above $0.1959, it may continue to rise, whereas a drop below $0.1883 could indicate a bearish trend.

3. Market Activity:

The trading volume over the last 24 hours is approximately 9,967,143 GMT, with a turnover of about $1,916,242. The net capital flow is positive at $952,560, indicating more inflow than outflow, which is a bullish sign.

4. Whale Activity:

The long to short ratio among whale traders is 2.0:1, suggesting that larger investors are leaning towards long positions, which may indicate confidence in the price moving higher.

5. Fundamental Insights:

GMT is the governance token for the STEPN project, which combines elements of Social-Fi and Game-Fi. The project allows users to earn tokens by engaging in physical activities while using NFT Sneakers. The limited supply of 6 billion tokens and the utility within the STEPN ecosystem contribute to its market value.

6. Market Sentiment:

The Fear & Greed Index currently stands at 76, indicating "Extreme Greed" in the market. This could suggest that the market is overbought, and caution may be warranted for new Investments.

Conclusion

The GMT token is currently experiencing a bullish trend with positive market sentiment and strong whale activity.