the Golem asset chart displays an increase
Golem Network experienced a positive upward trend in the market, resulting in a significant surge in its daily chart, between February 6th, 2024, and March 3rd, 2024. The value of Golem skyrocketed from $0.2000 to $0.7800 as a result.
GLM crypto has shown strong performance over the past six months, with an increase of 83.31%. However, in the last week and month, the price has broken the uptrend from the supply level of $0.7800. This has led to a decline of -27.48% and -14.73% in the weekly and monthly charts, respectively.
However, the Golem crypto has signified a possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.3175.
Once again, the GLM crypto may experience a significant increase. That's because its price had previously soared from nearby to this level of support, which will push the Golem asset to higher levels from its current supporting range.
Technical Indicator’s Analysis Of GLM Crypto Price Forecast
The Golem asset is exhibiting optimistic behavior, as the MACD histogram has remained stagnant at -0.00163 in the past few sessions, indicating continued activity. The RSI is currently at 38.25, indicating the possibility of further gains, as it has turned towards 14-SMA.
Additionally, the Golem asset chart displays an increase in bullish strength and a higher likelihood of a price increase. If buyers enter the market, Golem's price may exceed the important 20-day and 50-day EMAs from a lower position.
Golem crypto has seen an increase of 2.01% in the past 24 hours and is being traded at $0.3764 at this moment of writing.
Therefore, if the demand for the Golem price (GLM) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.4200 and $0.5000. Another possibility would be if the price value of GLM crypto fails to stay above $0.3175, it could also see a further decrease.
GLM crypto has shown strong performance over the past six months, with an increase of 83.31%. However, in the last week and month, the price has broken the uptrend from the supply level of $0.7800. This has led to a decline of -27.48% and -14.73% in the weekly and monthly charts, respectively.
However, the Golem crypto has signified a possible turnaround rally coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $0.3175.
Once again, the GLM crypto may experience a significant increase. That's because its price had previously soared from nearby to this level of support, which will push the Golem asset to higher levels from its current supporting range.
Technical Indicator’s Analysis Of GLM Crypto Price Forecast
The Golem asset is exhibiting optimistic behavior, as the MACD histogram has remained stagnant at -0.00163 in the past few sessions, indicating continued activity. The RSI is currently at 38.25, indicating the possibility of further gains, as it has turned towards 14-SMA.
Additionally, the Golem asset chart displays an increase in bullish strength and a higher likelihood of a price increase. If buyers enter the market, Golem's price may exceed the important 20-day and 50-day EMAs from a lower position.
Golem crypto has seen an increase of 2.01% in the past 24 hours and is being traded at $0.3764 at this moment of writing.
Therefore, if the demand for the Golem price (GLM) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.4200 and $0.5000. Another possibility would be if the price value of GLM crypto fails to stay above $0.3175, it could also see a further decrease.
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