In this Moonbeam technical analysis, we will examine the current price action, trading volume, key levels and indicators for GLMR-USDT. Moonbeam is a decentralized platform that enables the creation of next-generation blockchain applications with ease. Its novel smart contract architecture and modular design make it an attractive option for developers looking to build scalable and secure dApps. With Moonbeam, users can enjoy fast and seamless transactions, all while benefiting from the security and transparency of a decentralized network.
Moonbeam Price Overview:
As of May 16, 2024, Moonbeam is trading at approximately 0.2612 USDT. Let’s dive into the detailed price action for GLMR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2717 |
| High (H) | 0.2775 |
| Low (L) | 0.2587 |
| Close (C) | 0.2612 |
| Volume (C) | 6,231,766.40 |
- Open (O): The opening price for today’s trading session was approximately 0.2717 USDT.
- High (H): Moonbeam reached a daily high of around 0.2775 USDT.
- Low (L): The daily low for GLMR-USDT was approximately 0.2587 USDT.
- Close (C): At the time of analysis, Moonbeam is trading near its daily close of 0.2612 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.90% |
| 3D Change (%) | -3.97% |
| 7D Change (%) | -12.41% |
| 30D Change (%) | -14.42% |
| 90D Change (%) | -40.56% |
| YTD Change (%) | -41.51% |
Over the past three days, GLMRUSDT has dropped by approximately -3.97%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -12.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GLMRUSDT maintaining a downward trend of approximately -14.42%, despite intermittent fluctuations. Examining the last 90 days, GLMRUSDT has witnessed substantial decrease of approximately -40.56%, reflecting strong long-term confidence. Year-to-date, GLMRUSDT has steadily declined by around -41.51%, 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-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 0.52554.
- Momentum score is -0.19631.
GLMR USDT Technical Analysis
Moonbeam Trading Volume:
The trading volume for Moonbeam (GLMR) over the past 24 hours has been insignificant, with approximately 6,231,766.40 USDT 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-USDT is currently in the low zone, around 39.36332. This suggests that Moonbeam is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Moonbeam (GLMR-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Moonbeam (GLMRUSDT) at 2.61e-01 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on GLMR BTC Moonbeam Technical Analysis if you found this post intriguing.
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.