GMT +753.25% in 7 days on Recent Market Volatility

On AUG 29 2025, GMT rose by 0% within 24 hours to reach $0.041, GMT rose by 753.25% within 7 days, dropped by 717.49% within 1 month, and dropped by 7290.58% within 1 year.

GMT has experienced a sharp increase of 753.25% over the past seven days, reaching a current price of $0.041. This dramatic rise follows a prolonged period of bearish pressure, with the token falling by over 717.49% in the last month and 7290.58% in the last year. The recent performance appears to stem from a confluence of on-chain activity surges and a renewed interest from niche trading segments. Although the 24-hour range remains stable, the weekly gains indicate a shift in sentiment that has caught many investors off guard.

Technical analysis of GMT reveals a series of bullish divergences on the weekly chart, particularly in the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). These indicators have historically signaled trend reversals in similar market conditions. RSI has moved into overbought territory, suggesting potential for a pullback, while MACD has crossed into positive territory for the first time in several months. Traders have noted these as key entry signals, especially in the context of broader market volatility. The 200-day moving average remains a critical threshold to monitor for sustainability of the rally.

Backtest Hypothesis

Given the recent technical behavior, a backtesting strategy has been developed to evaluate the potential efficacy of a trend-following approach based on RSI and MACD signals. The strategy triggers long positions when RSI crosses above 40 and MACD crosses above the signal line, with stops set at the 200-day moving average and targets aligned with the nearest resistance level. Historically, similar setups have generated strong returns during market rebounds. While this approach is not a guarantee of success, it is designed to align with the current momentum and volatility environment. This hypothesis provides a structured framework for traders to evaluate the ongoing uptrend in GMT.