GLM USDT Golem Technical Analysis

Golem logo In this Golem technical analysis, we will examine the current price action, trading volume, key levels and indicators for GLM-USDT. Sure, here are three sentences about Golem (GLM) cryptocurrency: Golem (GLM) is a decentralized global supercomputer that leverages blockchain technology and a distributed network of computers to provide on-demand access to computing power. With Golem, users can rent out their idle computer resources to others, creating a global marketplace for computing power. This innovative approach has the potential to revolutionize the way we think about computing and data processing, making it more accessible, affordable, and secure.

Golem Price Overview:

As of October 03, 2023, Golem is trading at approximately 0.1826 USDT. Let’s dive into the detailed price action for GLM-USDT:

Metric Value
Open (O) 0.179
High (H) 0.1899
Low (L) 0.1778
Close (C) 0.1826
Volume (C) 3,668,629.20
  • Open (O): The opening price for today’s trading session was approximately 0.179 USDT.
  • High (H): Golem reached a daily high of around 0.1899 USDT.
  • Low (L): The daily low for GLM-USDT was approximately 0.1778 USDT.
  • Close (C): At the time of analysis, Golem is trading near its daily close of 0.1826 USDT.
Metric Value
1D Change (%) 1.90%
3D Change (%) -2.35%
7D Change (%) 5.49%
30D Change (%) 10.40%
90D Change (%) -3.18%
YTD Change (%) -27.31%

Over the past three days, GLMUSDT has fallen by approximately -2.35%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GLMUSDT maintaining an upward trend of approximately 10.40%, despite intermittent fluctuations. Examining the last 90 days, GLMUSDT has witnessed substantial drop of approximately -3.18%, reflecting strong long-term confidence. Year-to-date, GLMUSDT has steadily declined by around -27.31%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Golem Live Chart:

You can access a live price chart for GLM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.31139.
  • Momentum score is 0.10399.

GLM USDT Technical Analysis

Golem Trading Volume:

The trading volume for Golem (GLM) over the past 24 hours has been significant, with approximately 3,668,629.20 USDT traded against GLM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): GLM is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Golem is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for GLM-USDT is currently in the neutral zone, around 51.43359. This suggests that Golem is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Golem (GLM-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.