GLMR/USDT Analysis Today - Breakout +32.98% 🔥
Current price: $0.011543
Increase: +32.98% in 24 hours
Highest price (24h): $0.011950 / Lowest price: $0.008300
Trading volume: 382.62M GLMR (3.89M USDT)
MA60: $0.011360$
Technical analysis:
The coin made a very strong pump from $0.0083 to $0.01195 and has been holding above the 60-day average at $0.011360$, which is very positive for the spot.
But be careful:
1. The price is currently far above MA60, meaning it’s overbought. The VOL indicator in the chart shows 4.9M, indicating strong inflow of liquidity, but it seems to be starting to decrease.
2. Strong resistance: $0.011950 - $0.011947 (the top it bounced from)
3. Important support: $0.011360$ (MA60), and after that $0.011342$ - if it breaks, we’ll likely see a correction to $0.010739$
Spot plan:
It’s not time to buy right now since you’re already up over +32%. Wait for a retest of $0.01136$ with stability. If you want to enter, place a stop-loss below $0.01134$ and set a price alert at $0.01195$ in case it breaks out again.
#GLMR #Crypto
$GLMR
Current price: $0.011543
Increase: +32.98% in 24 hours
Highest price (24h): $0.011950 / Lowest price: $0.008300
Trading volume: 382.62M GLMR (3.89M USDT)
MA60: $0.011360$
Technical analysis:
The coin made a very strong pump from $0.0083 to $0.01195 and has been holding above the 60-day average at $0.011360$, which is very positive for the spot.
But be careful:
1. The price is currently far above MA60, meaning it’s overbought. The VOL indicator in the chart shows 4.9M, indicating strong inflow of liquidity, but it seems to be starting to decrease.
2. Strong resistance: $0.011950 - $0.011947 (the top it bounced from)
3. Important support: $0.011360$ (MA60), and after that $0.011342$ - if it breaks, we’ll likely see a correction to $0.010739$
Spot plan:
It’s not time to buy right now since you’re already up over +32%. Wait for a retest of $0.01136$ with stability. If you want to enter, place a stop-loss below $0.01134$ and set a price alert at $0.01195$ in case it breaks out again.
#GLMR #Crypto
$GLMR
