Price Position and Structural State
Green Metaverse Token (GMT) closed at 0.00994 USDT on May 29, 2026, down 1.19%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.00967 USDT, with resistance near 0.01491 USDT. A daily close below 0.00967 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
GMT is trading below all key moving averages. MA14 at 0.010702 USDT stands as the first moving-average resistance area to watch. Price sits 11.82% below MA50, within its historical distance range of -66.59% to 74.24%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
GMT shows high trading friction, with a 3-day friction score of 30.1. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest increased +2.60% in one day but remains near the lower side of its 180-day range. This shows participation is improving from a low leverage base.
Funding is negative on the 24-hour average at -0.024160%, with the 7-day average also negative at -0.080782%. This shows sustained short-side cost pressure across both short and medium windows.
The long/short ratio is 0.91 and has moved below its 90-day range. This means short accounts dominate, with the long/short reading near the low side of recent history.
Correlation, Beta, and Index Relationship
GMT shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.599 | 2.143 | 0.359 | Moderate linkage |
| 60D | 0.584 | 1.422 | 0.342 | Moderate linkage |
| 180D | 0.608 | 0.951 | 0.369 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
GMT is showing wider movement, but participation is not fully backing it. ATR% reads 9.85, near the lower side of its full historical range, while Bollinger Band width% reads 40.21, near the lower side of its full historical range. 20-day Volume Z-score is -0.28, showing near-normal participation.
Momentum is weaker. RSI is 41.66, ROC14 is -14.24%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is cautious: downside momentum is active, but volatility and participation do not confirm a strong break yet.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. GMT has a moderate link to that market condition, so broader market moves can influence price behavior, but the effect is not consistent.
Key Levels for the Next State Change
For GMT, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.01491 USDT establishes a bullish regime, while a daily close below 55-day support at 0.00987 USDT confirms a bearish regime.