GLMR USDT 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-USDT. Moonbeam (GLMR) is a cryptocurrency that utilizes a proof-of-stake consensus algorithm, allowing for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. Its decentralized governance model allows holders of the cryptocurrency to vote on proposals for its development and growth. Moonbeam’s unique features make it an attractive option for users looking for a more sustainable and democratic alternative to traditional cryptocurrencies.

Moonbeam Price Overview:

As of September 22, 2023, Moonbeam is trading at approximately 0.1617 USDT. Let’s dive into the detailed price action for GLMR-USDT:

Metric Value
Open (O) 0.1607
High (H) 0.1639
Low (L) 0.1602
Close (C) 0.1617
Volume (C) 2,649,101.80
  • Open (O): The opening price for today’s trading session was approximately 0.1607 USDT.
  • High (H): Moonbeam reached a daily high of around 0.1639 USDT.
  • Low (L): The daily low for GLMR-USDT was approximately 0.1602 USDT.
  • Close (C): At the time of analysis, Moonbeam is trading near its daily close of 0.1617 USDT.
Metric Value
1D Change (%) 0.50%
3D Change (%) -4.43%
7D Change (%) -5.11%
30D Change (%) -18.21%
90D Change (%) -41.11%
YTD Change (%) -51.00%

Over the past three days, GLMRUSDT has fallen by approximately -4.43%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -5.11%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GLMRUSDT maintaining a downward trend of approximately -18.21%, despite intermittent fluctuations. Examining the last 90 days, GLMRUSDT has witnessed substantial decrease of approximately -41.11%, reflecting strong long-term confidence. Year-to-date, GLMRUSDT has steadily decreased by around -51.00%, 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 0.3531.
  • Momentum score is -0.18209.

GLMR USDT Technical Analysis

Moonbeam Trading Volume:

The trading volume for Moonbeam (GLMR) over the past 24 hours has been insignificant, with approximately 2,649,101.80 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 32.39489. 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.

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.