The crypto market is up almost 1% today as it slowly recovers from a poor start to the week.
The cryptocurrency market cap is closing in on $1.8 trillion after adding less than 1% to its value over the past 24 hours. As of press time, the total crypto market cap stands at $1.79 trillion, down less than 1% to date.
Bitcoin has gained over 2% in the last 24 hours and is now trading above $39k per coin. If the bulls take control of the market, it may cross the psychological level of $40,000. Ether remains above $2,800 even after adding less than 1% to its value recently.
GMT, the native token of the STEPN project, is one of the best performers among the top 50 cryptocurrencies by market cap. GMT is up over 18% to date, outperforming other major cryptocurrencies in the market.
The primary catalyst behind this ongoing rally is the announcement by NFT marketplace OpenC that it is now Supports the STEPN project, Steppen is the latest Solana-based project to be listed on OpenSC, following the old support of Solanart.
As of press time, GMT is trading at $4.0 per coin.
prime level to watch
GMT/USDT 4-hours chart is currently positive as STEPN has been bullish in recent days. STEPN is the best performer among the top 50 cryptocurrencies by market cap.
The MACD line moved into positive territory yesterday on the back of the ongoing rally. The 14-day RSI of 72 shows that GMT is close to entering the overbought zone.
If the rally continues, GMT could cross the first major resistance level of $4.5 in the next few hours or days, setting a new all-time high in the process. However, it will require support from the broader markets to cross the psychological level of $5 in the near term.