In this Moonbeam technical analysis, we will examine the current price action, trading volume, key levels and indicators for GLMR-BTC. Moonbeam is a decentralized platform that enables the creation of next-generation blockchain applications. Its native cryptocurrency, GLMR, serves as the primary token for accessing and interacting with the platform’s features and services. With Moonbeam, developers can build and deploy highly scalable and secure blockchain applications without the need for complex technical knowledge or specialized hardware.
Moonbeam Price Overview:
As of May 14, 2024, Moonbeam is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for GLMR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 397,123.60 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Moonbeam reached a daily high of around 0.0 BTC.
- Low (L): The daily low for GLMR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Moonbeam is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.08% |
| 3D Change (%) | -8.03% |
| 7D Change (%) | -8.23% |
| 30D Change (%) | -11.85% |
| 90D Change (%) | -47.65% |
| YTD Change (%) | -59.92% |
Over the past three days, GLMRBTC has fallen by approximately -8.03%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -8.23%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GLMRBTC maintaining a downward trend of approximately -11.85%, despite intermittent fluctuations. Examining the last 90 days, GLMRBTC has witnessed substantial drop of approximately -47.65%, reflecting strong long-term confidence. Year-to-date, GLMRBTC has steadily decreased by around -59.92%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Moonbeam Live Chart:
You can access a live price chart for GLMR-BTC 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 0.38447.
- Momentum score is -0.18304.
GLMR BTC Technical Analysis
Moonbeam Trading Volume:
The trading volume for Moonbeam (GLMR) over the past 24 hours has been significant, with approximately 397,123.60 BTC traded against GLMR. 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): GLMR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Moonbeam is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GLMR-BTC is currently in the low zone, around 34.575. This suggests that Moonbeam is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Moonbeam (GLMR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Moonbeam (GLMRBTC) faces challenges, trading at 4.24e-06 BTC, as technical analysis signals weakened support and cautionary indicators.
Missing our detailed breakdown on GLMR USDT Moonbeam Technical Analysis would be a lost opportunity if you found value in this post.
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.