Green Metaverse Token Market Overview

• Green Metaverse Token (GMTUSDT) surged to $0.0594, forming a bullish breakout above key resistance.
• Momentum accelerated with RSI rising into overbought territory, while volume surged in the final hours.
• A consolidation phase emerged after the morning rally, with price testing the 0.0589 support level.
• Bollinger Bands showed a sharp expansion, indicating heightened volatility during the breakout.
• Divergence between price and turnover suggests caution ahead of potential profit-taking.

Green Metaverse Token (GMTUSDT) opened at $0.0557 on 2025-07-20 12:00 ET and closed at $0.0589 on 2025-07-21 12:00 ET, reaching a high of $0.0594 and a low of $0.0548. Total volume across the 24-hour period was 39.6 million, with notional turnover reaching $2.25 million.

Structure & Formations

The 15-minute chart displayed a strong bullish reversal pattern in the early hours of the morning, with a large bullish engulfing candle forming at $0.056–$0.0567. Key resistance levels were identified at $0.0575 and $0.0590, with the latter being broken decisively in the mid-morning. A key support level emerged at $0.0583–$0.0585, where price consolidated after the breakout. A doji formed at $0.0589 shortly after 12:00 ET, suggesting indecision and potential near-term consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish, with price above both. On the daily chart, price closed above the 50- and 100-period moving averages, indicating a stronger trend toward the upside. The 200-period MA acted as a psychological floor at $0.0555, which was briefly tested but not broken.

MACD & RSI

The MACD line showed a strong positive divergence during the morning rally, confirming bullish momentum. RSI surged into overbought territory at 72–75 in the hours leading to the breakout, suggesting short-term exhaustion and a potential pullback. However, RSI failed to form a bearish divergence during the consolidation, indicating underlying strength.

Bollinger Bands

Bollinger Bands displayed a period of contraction in the overnight hours before a sharp expansion during the morning breakout. Price closed above the upper band at $0.0594, signaling high volatility and a strong bullish signal. The width of the bands suggests increased market participation and potential for further movement.

Volume & Turnover

Volume surged during the morning breakout, particularly in the hour leading to the $0.0594 high. Notional turnover also spiked in line with price, suggesting strong conviction in the move. However, in the afternoon, volume and turnover diverged slightly as price consolidated, indicating some profit-taking and reduced buying pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from $0.0548 to $0.0594, price tested the 61.8% level at $0.0579 and then continued to the 78.6% level at $0.0589–$0.0590, where it found resistance. A retest of the 61.8% level appears likely in the near term.

GMTUSDT may consolidate near $0.0585–$0.0589 in the next 24 hours, with a potential test of the 78.6% Fibonacci level. However, traders should remain cautious of overbought conditions and divergences in volume and turnover.