STEPN (GMT) is a web3 based blockchain project that allows its application user to earn while they move. It was launched on the Solana platform. Users of the STEPN gaming app can receive rewards for their physical exercises which include running and jogging.
<ul>
 	<li>STEPN bullish price prediction for 2022 is between $3.08 and $3.94.</li>
 	<li>STEPN bearish price prediction for 2022 is $0.56</li>
</ul>
STEPN App users can earn its native token GMT after they purchase any of the fitness sneakers that calculate the rewards based on the energy used.
<h2><strong>Present and Past Status of STEPN (GMT)</strong></h2>
In the last 24 hours, the price of STEPN (GMT) has increased by 1.47%. The current price of GMT at the time of writing is $3.30. However, the trading volume of GMT moved from $1,448,652,266 on May 4th to $1,163,702,063 presently. This represents a 19.6% decrease in the past 24 hours.

Within seven days, the price of STEPN (GMT) opened at a price of $3.75 on April 29th and is presently trading at $3.30. This represents 12% decrease. This is due to the decrease in GMT trading volume from $3,037,791,572 on April 29th to $1,163,702,063 presently. This represents 61.7% decrease in the last 7 days.
<h2><strong>Comparison of STEPN with Bitcoin</strong></h2>
<img class="alignnone wp-image-234620 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/x2tDDeFj.png" alt="" width="1280" height="595" />

<strong>Source</strong>: https://www.tradingview.com/x/x2tDDeFj/

From the chart above, we can observe that STEPN (GMT) and Bitcoin (BTC) went moves in the same trend. According to information available in CoinGecko, GMT has decreased by 13.1% in the past 7 days while BTC price has reduced by 0.8% within the same duration. Hence, it would have been more profitable to invest in Bitcoin than STEPN within the past week.
<h2><strong>Price Analysis of STEPN (GMT) from Different Indicators</strong></h2>
<img class="alignnone wp-image-234621 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/06R41Ew3.png" alt="" width="1280" height="595" />

<strong>Source: </strong>https://www.tradingview.com/x/06R41Ew3/

The chart above represents the accumulation/distribution indicator (A/D) for STEPN/Tether. A/D is used to determine the relationship between the price of a coin and the volume of trades. Since, the price of STEPN is moving in consolidating just as the volume of trades indicated by the indicator- it means that neither sellers nor buyers are having their way.

<img class="alignnone wp-image-234622 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/Rr38uSUq.png" alt="" width="1280" height="595" />

<strong>Source: </strong>https://www.tradingview.com/x/Rr38uSUq/

The chart above represents the 60MA and 30-MA for GMT/USDT. Both indicators are above the present candlestick, and the 60-MA is below the 30-MA. This signifies a bullish run in the price for STEPN soon.

<img class="alignnone wp-image-234623 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/Ic31jURb.png" alt="" width="1280" height="595" />

<strong>Source: </strong>https://www.tradingview.com/x/Ic31jURb/

The chart above represents the Williams Alligator indicator for GMT/USDT. It is used to determine the trend direction. The blue, red, and green lines represent the jaw, lips, and teeth respectively. Since the teeth is below the present candlestick formed, it means that we should expect a strong bullish run soon.
<h2><strong>Recent Candlesticks Interpretation</strong></h2>
<img class="alignnone wp-image-234625 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/xj0QK6VZ.png" alt="" width="1280" height="595" />

<strong>Source: </strong>https://www.tradingview.com/x/xj0QK6VZ/

From the chart above, the penultimate candlestick is a bullish Marabozu. This signifies that buyers are having their way. Since, this follows a bullish candlestick after a downtrend, investors that are patient will benefit from another price surge in coming days.
<h2><strong>Key levels Price Prediction for STEPN (GMT)</strong></h2>
<img class="alignnone wp-image-234626 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/l8MOuLni.png" alt="" width="1280" height="595" />

<strong>Source: </strong>https://www.tradingview.com/x/l8MOuLni/

The chart above represents the resistance and support levels of GMT/USDT on a 1Day Chart. The following can be deduced from it:
<ul>
 	<li>Since the buyers are having their way as indicated by the penultimate candlestick that is a bullish Marabozu, the moving averages and the Williams indicator, the price could surge above the $3.94 resistance1 level.</li>
 	<li>If investors decline on their investment by cashing out of the recent gain, investors should take note that the price could dip to $0.56 at support4, and then consolidate to form a double bottom. If this happens, then the price of STEPN might rise above the resistance2 level at $3.08 due to the formation of a double top. However, a further decline can see the price of STEPN (GMT) fall to $0.005 at support5 level, which is its bearish prediction for 2022.</li>
</ul>
<h2><strong>Tradeview Technicals Deduction on STEPN</strong></h2>
<strong>Source: </strong>https://www.tradingview.com/symbols/GMTUSDT/technicals/

From the link above, we can deduce that 5 out of the 21 indicators considered show sell. Nine and eight indicators represent neutral and buy respectively.
<h2><strong>Market Sentiments on STEPN (GMT) Price</strong></h2>
<h3><strong>Price prediction</strong></h3>
According to Price prediction, the price of STEPN (GMT) would reach a minimum and maximum price of $0.95 and $1.06 in 2022 respectively.
<h3><strong>Digital Coin price</strong></h3>
According to Digitalcoinprice, the price of GMT will reach a minimum and maximum price of $4.05 and $4.58 in 2022 respectively.
<h2><strong>Our Price Prediction for STEPN (GMT) in 2022</strong></h2>
From the key level chart above, the price of STEPN (GMT) will reach a maximum price between $3.94 and $3.08 in 2022 and a minimum price of $0.56 in 2022.
<h2><strong>Conclusion</strong></h2>
Considering the recent data on STEPN (GMT), and it's gain of over 52% in the past 30 days according to CoinGecko, the bullish signal of the moving averages and the William Alligator, long-term investors of STEPN will surely have a better return on their investment as the team plans to upgrade to renting of fitness sneakers.

STEPN (GMT) Price Prediction 2022- Will GMT’S Price Hit $3.94 in 2022?

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

STEPN (GMT) Price Prediction 2022- Will GMT’S Price Hit $3.94 in 2022?

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