STEPN (GMT) Struggles To Hit $1, Is The Price Running Out Of Steam?

STEPN (GMT) has struggled to show its move in recent months after ranking as the top gainer for several weeks against tether (USDT). The price of STEPN has struggled to rally to $1 despite the market seeing relief bounces across the market, with many altcoins producing double-digit gains, with the price of STEPN (GMT) showing little or no steam left for a major rally. (Data from Binance) Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022 STEPN (GMT) Token Price Analysis On The Weekly Chart GMT saw a decline in its price from a region of $4 to around 0.63, with an over 70% drop from its all-time high despite having good fundamentals. The price of GMT bounced off after touching a weekly low of $0.63, and the price rallied to $0.95, showing some great strength, but the price was quickly rejected as this area acts as resistance to the price of GMT. The price of GMT on the weekly chart formed a range between $0.6-$1 as the price continued with little volume, unable to break out of the range channel. For GMT to break out of this range channel, the price needs to be backed with good volume as the resistance at the $1 mark has proven hard for the price of GMT after several rejections at this zone. GMT price needs to break and close above $1 with good volume for a possible rally to $1.5, where the price would face resistance. A break a close for GMT price above $1 would signal a good relief boun...