The Green Candle of the Day: GMT (STEPN)
Current Price: ~$0.021
24h Change: 🟢 +11.25%
If you looked at the top gainers list today, you saw GMT sprinting ahead. I dug into the charts and news to tell you why this is happening.
1. The Supply Shock (Halving)
Just a few days ago (Jan 1), STEPN implemented a massive change: Earnings Halving.
What it means: The amount of new GMT tokens given out to runners was cut by 50%.
The Result: Less new supply hitting the market = Price goes UP if demand stays steady. The market is finally reacting to this scarcity!
2. The Technical Breakout
Looking at the chart, GMT has been stuck in a downtrend for months. Yesterday, it broke out of a huge "Falling Channel".
Volume Spike: The trading volume exploded (over 1.5 Billion GMT traded!), which confirms this isn't a fake pump—real money is buying move-to-earn again.
3. Absorbing the Unlock
There was a token unlock scheduled for Jan 9th. Usually, prices drop when new tokens unlock. But GMT pumped instead. This shows massive buyer strength—investors absorbed the new supply instantly.
Analyst's Take: What to do now?
If you missed the entry: Don't FOMO buy at the very top of the green candle ($0.025). Wait for a cooldown.
The Support Zone: Watch the $0.020 - $0.021 level. If it comes back down and bounces there, that’s a safer entry point.
The Narrative: "Move-to-Earn" might be the trend for early 2026 as people set New Year's fitness resolutions.
Question: Are you still using STEPN in 2026, or is this just a speculative trade for you? Let me know below! 👇
