Green Metaverse Token Market Overview

• Green Metaverse Token (GMTUSDT) closed at 0.0544, up 6.7% over 24 hours, driven by a late-night buying wave.
• Key resistance emerged near 0.0548, with bullish momentum visible in the final 4 hours.
• Volume surged to 19.15 million contracts in the last 4.5 hours, confirming price strength.
• RSI reached 65, suggesting near-overbought territory, while MACD turned positive and rising.
• Bollinger Bands showed a moderate expansion, with price trading near the upper band during the rally.

Green Metaverse Token (GMTUSDT) opened at 0.0512 on 2025-07-19 at 12:00 ET and closed at 0.0544 on 2025-07-20 at 12:00 ET. The price reached a high of 0.0551 and a low of 0.0510. Total volume for the 24-hour period was 39,772,560 contracts, with a turnover of approximately 2,043,660 USDT.

Structure & Formations

GMTUSDT displayed a clear bullish bias during the last 24 hours, with a strong upward move from 0.0512 to 0.0544. A key resistance level appears to be forming near 0.0548, where price has stalled twice, suggesting potential consolidation ahead. A large bullish engulfing pattern emerged between 07:30 and 07:45 ET, signaling strong buyer control. No significant bearish patterns were observed during the period.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period moving averages, indicating a bullish trend. The 50-period MA was at 0.0533, while the 20-period MA was at 0.0537. On the daily chart, the 50-period MA is at 0.0529 and the 200-period MA at 0.0518, suggesting the recent rally is outperforming its longer-term trend.

MACD & RSI

The 15-minute MACD turned positive and showed a rising histogram, confirming bullish momentum. The RSI reached 65 in the final 4 hours of the period, indicating near-overbought conditions. While this suggests a potential pullback could be due, the strong volume and bullish price action suggest further upward movement is possible in the near term.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the rally, with price reaching the upper band in the last 6 hours. This indicates a period of increased volatility and strong directional bias. Price has remained above the middle band for most of the session, reinforcing the bullish bias.

Volume & Turnover

Volume spiked sharply in the final 4.5 hours, reaching a high of 1,914,879 contracts at 07:30 ET. Total notional turnover was $2,043,660. The increase in volume coincided with the price break above 0.0540, providing confirmation of the move. No significant divergence between price and volume was observed, suggesting strong conviction in the bullish move.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.0510 to 0.0551, key levels include 0.0538 (38.2%) and 0.0546 (61.8%). Price tested 0.0546 and continued to 0.0547 before consolidating. The 61.8% level may offer near-term support or resistance depending on the next directional move.

GMTUSDT appears well-positioned for further gains in the near term, with strong momentum and volume supporting the bullish case. However, a failure to break above 0.0548 could trigger a consolidation phase, and traders should remain cautious of potential overbought conditions.