Market Overview: Green Metaverse Token (GMTEUR) - 24-Hour Breakout and Retrenchment

• Green Metaverse Token broke above 0.035 and tested 0.0356, but faced selling pressure below 0.0353.
• A bullish engulfing pattern emerged at 0.035-0.0353, but failed to hold, leading to a pullback.
• Volatility contracted early, but spiked post-15:00 ET with a sharp move to 0.0356.
• Volume surged at 20:45 ET as price neared 0.0356, but failed to confirm the breakout.
• Turnover peaked at 3,439.1 units during the 4:30-4:45 AM ET reversal rally.

Market Overview

Green Metaverse Token (GMTEUR) opened at 0.0343 on 2025-08-26 at 12:00 ET and reached a high of 0.0356 during the session. Total volume traded was 134,346.9 units, with turnover peaking during a 15-minute window on 2025-08-27 at 4:30 ET. The price closed at 0.0351 at 12:00 ET the following day, showing modest but volatile movement over the period.

Structure & Formations

The 15-minute chart revealed a bullish engulfing pattern at 0.035, but the move to 0.0356 failed to hold, resulting in a bearish rejection as price fell back to 0.0351. A doji formed at 0.0353, signaling indecision among buyers. Key support levels were identified at 0.035 and 0.0348, with resistance at 0.0353 and 0.0356. A Fibonacci 61.8% retracement level from the 0.0343-0.0356 swing came in at 0.035, which the price tested twice before retreating.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during a late-night rally, forming a potential bullish signal. However, as price retracted, the 50-period MA acted as a barrier, preventing a sustained move higher. On the daily chart, the 50-period MA appears to be forming a support floor around 0.035, while the 200-period MA has yet to cross into bearish territory, suggesting medium-term neutrality.

MACD & RSI

The MACD showed a bullish crossover during the pre-dawn rally, but the histogram quickly contracted as momentum stalled. RSI reached a high of 58, indicating moderate strength, but failed to exceed the 60 threshold, avoiding overbought territory. The RSI then pulled back to 52, showing neutral momentum. A divergence between price and RSI during the early AM rally suggests potential bearish follow-through.

Bollinger Bands

Volatility contracted early in the session, with price trading within a narrow band before expanding significantly after 15:00 ET. Price remained within the upper and lower bands, avoiding extreme volatility. The 20-period Bollinger Bands widened to 0.0006 during the high-volume breakout attempt, suggesting a potential volatility expansion phase.

Volume & Turnover

Volume surged sharply at 20:45 ET and 4:30 ET, coinciding with attempts to break above 0.0356 and 0.0351, respectively. Notional turnover peaked at 3,439.1 units, but failed to confirm the bullish breakout. A volume divergence formed as price fell to 0.0348, with diminishing volume indicating bearish exhaustion.

Looking ahead, GMTEUR appears poised for a short-term test of 0.0353, with a potential breakdown to 0.0348 if momentum fails to pick up. Traders should watch for a retest of the 0.035 level and confirm whether the 20-period MA holds as support. As always, volatility and volume remain key indicators—sudden spikes could signal an unexpected reversal. Caveat: Strong bearish or bullish divergences may emerge without warning, increasing short-term volatility.