GMT -120.77% in 24 Hours Amid Market Volatility and Technical Downtrend

On SEP 3 2025, GMT experienced a severe drop of 120.77% in a 24-hour period, reaching a price of $0.0385. The decline continued over the week, with a 120.77% drop recorded over seven days, and a 144.58% drop over a 30-day span. Over the course of the past year, GMT has seen a staggering 7323.3% decline, marking one of the most extreme performances in the digital asset space.

The sharp selloff has drawn attention to key technical indicators, including the relative strength index (RSI) and moving average convergence divergence (MACD), both of which have shown bearish signals. The RSI is currently in oversold territory, suggesting a potential pause in the downward momentum. However, the MACD remains in a negative trend, indicating sustained bearish pressure. These indicators reinforce the view that GMT is in a deep correction phase.

Analysts project that the ongoing trend may continue if key support levels fail to hold, with the next critical level expected to come into focus in the near term. There are no consensus forecasts for a reversal in the near future, with most models reflecting the continuation of the current downtrend.

Technical traders have been closely monitoring on-chain activity and order book depth, both of which show signs of thin liquidity and increased bearish bias. The lack of significant buying interest has allowed the price to break through multiple support levels without any apparent resistance. This dynamic has led some to believe the market is in a phase of capitulation, where remaining holders are selling off positions at a discount.