⚙️ $GLM /USDT – Technical Analysis (Daily Timeframe) Curre
koinmilyoner
Updated at: 5 hours ago
{"content":"⚙️ $GLM /USDT – Technical Analysis (Daily Timeframe)
Current Price: $0.3276
Daily Change: +20.18% 🚀
Status: Bullish breakout confirmed after extended consolidation.
🧪 Moving Averages
MA 7: $0.2810 ✅
MA 25: $0.2613 ✅
MA 99: $0.2545 ✅
GLM price has clearly broken above all major MAs with volume strength — confirming bullish control. MAs are all pointing upward now, a very strong technical signal.
📈 Price Structure & Trend
Breakout from sideways consolidation range between $0.20–$0.30 that lasted months.
The current surge is pushing toward former resistance zones from March–April 2024.
This is a bullish continuation structure and potentially the start of a trend reversal from accumulation to markup.
🎯 Target Levels (Upside Potential)
Target 1: $0.38 — short-term resistance (April highs)
Target 2: $0.48 — February high area
Target 3: $0.70 — psychological + historical resistance
🛡️ Support Levels (Downside Risk)
Support 1: $0.30 — recent breakout level
Support 2: $0.26 — 25-day MA
Support 3: $0.21 — base of accumulation range
🔍 Summary
GLM is waking up after a long period of sleep, and this +20% candle could be the ignition point for much higher levels. The breakout above $0.30 is particularly important — if the price holds this zone, momentum traders may join in aggressively.
Volume confirmation and daily candle closes above $0.35 would increase the odds of a rally toward the $0.48–$0.70 range.
🧠 Final Thought:
GLM might have just entered the “early stage of a macro trend shift”. If this move gets follow-through and Bitcoin stays stable, this thing could fly. Watch closely for pullback entries, especially around $0.30.
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