GMT, the governance token of the STEPN ecosystem, is facing downward pressure in today's trading session. The 'Move-to-Earn' model, while innovative, has struggled with user retention and token inflation issues common to the sector. GMT price is currently testing new lows as early investors exit positions. The team has introduced various burning mechanics and partnerships with lifestyle brands to stabilize the economy, but the market response has been muted so far. Despite the bearish price action, the app maintains a core user base of fitness enthusiasts. Recent updates focusing on social interaction and competitions aim to revive engagement. Technically, the trend for GMT remains bearish, with resistance levels clearly defined by previous support zones that have now flipped. A reversal would likely require a significant shift in market sentiment towards GameFi tokens or a major update that fundamentally changes the token's value accrual mechanics.