GLMR BTC Moonbeam Technical Analysis

Moonbeam logo In this Moonbeam technical analysis, we will examine the current price action, trading volume, key levels and indicators for GLMR-BTC. Sure, here are three sentences about Moonbeam (GLMR) cryptocurrency: Moonbeam (GLMR) is a fast-growing decentralized finance (DeFi) platform that leverages the power of blockchain technology to provide users with a secure and transparent way to earn rewards. With its innovative tokenomics and user-friendly interface, Moonbeam has quickly gained popularity among cryptocurrency enthusiasts and is poised to become a major player in the DeFi space. By harnessing the power of decentralized governance, Moonbeam aims to create a more equitable and sustainable financial system for all users.

Moonbeam Price Overview:

As of October 03, 2023, Moonbeam is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for GLMR-BTC:

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 212,650.60
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Moonbeam reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for GLMR-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Moonbeam is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -3.84%
3D Change (%) -10.48%
7D Change (%) -13.76%
30D Change (%) 8.67%
90D Change (%) -7.28%
YTD Change (%) -61.07%

Over the past three days, GLMRBTC has dropped by approximately -10.48%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -13.76%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GLMRBTC maintaining an upward trend of approximately 8.67%, despite intermittent fluctuations. Examining the last 90 days, GLMRBTC has witnessed substantial decrease of approximately -7.28%, reflecting strong long-term confidence. Year-to-date, GLMRBTC has steadily depreciated by around -61.07%, 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 1.41038.
  • Momentum score is 0.08671.

GLMR BTC Technical Analysis

Moonbeam Trading Volume:

The trading volume for Moonbeam (GLMR) over the past 24 hours has been insignificant, with approximately 212,650.60 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 neutral zone, around 51.41488. This suggests that Moonbeam is in range-bound 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 neutral RSI and insignificant 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.