GMT +197.04% in 24 Hours Amid Sharp Volatility

GMT surged by 197.04% in 24 hours on SEP 2 2025, reaching $0.0385, marking a significant short-term price jump against a backdrop of substantial longer-term declines. The asset has since posted a 800% loss over the last seven days, a 24.1% drop over a month, and a staggering 7290.58% decline over the past year. The recent sharp rise represents a fleeting reversal in an otherwise deeply bearish trend.

The 24-hour rally suggests strong short-term buying pressure, potentially driven by a combination of algorithmic trading, speculative buying, or sudden shifts in market sentiment. However, the broader context of the asset’s performance indicates an underlying structural weakness, as measured by both intermediate and long-term price action. The sharp drop over the past week and the extended decline over the past year point to a broader erosion of investor confidence and capital outflows.

Technical indicators, while varied in interpretation, generally reflect the ongoing bearish momentum. The recent one-day gain contrasts with the overwhelming negative trendlines over multiple timeframes. Traders and investors are closely watching whether the short-term upswing is a meaningful turning point or merely a temporary bounce before a deeper correction.