The previous hour saw a high-volume spike that failed to hold, so the main concern was that the next candle would immediately continue selling off.$GLMR The following full hour fell only about 0.4%, closing at 0.012508; volatility narrowed, and volume was about 43% lower than in the previous candle. It still hasn’t reclaimed 0.0128, but its low of 0.012217 was higher than the previous candle’s 0.011975, so selling pressure did not continue to spread.

For now, I see this as a pause after a false breakout. I’m not rushing to short, but I’m also not treating the sideways action as a renewed uptrend. 0.0128 remains the previous range high; price needs to reclaim it fully to recover. If it breaks below 0.012217, the low-volume consolidation will turn into a continuation of the downtrend.