$GLMR, holy shit, this move is for real.
Current price: around $0.0112
Up about 14.2% over the past 24h, but volume is weak
Analysis: Honestly, I didn’t chase the pump. This morning I saw it rip 5% in five minutes, climbing straight from 0.0095 to 0.0117. My heart skipped a beat, but volume didn’t follow through. This kind of move looks more like a short squeeze than a rally backed by real money. Fuck, that’s exactly what worries me most: it surges fast, then turns back just as fast. At this point, 0.0117 above is the recent high it just touched, and 0.0095 below is where the move started. Everything in between is being held up by sentiment. If it can hold here, then there’s something to talk about; if not, it’ll have to come back and consolidate again. I’m in no rush to make a move. Let’s see if it can hold sideways around 0.011 first.
Still holding?
Current price: around $0.0112
Up about 14.2% over the past 24h, but volume is weak
Analysis: Honestly, I didn’t chase the pump. This morning I saw it rip 5% in five minutes, climbing straight from 0.0095 to 0.0117. My heart skipped a beat, but volume didn’t follow through. This kind of move looks more like a short squeeze than a rally backed by real money. Fuck, that’s exactly what worries me most: it surges fast, then turns back just as fast. At this point, 0.0117 above is the recent high it just touched, and 0.0095 below is where the move started. Everything in between is being held up by sentiment. If it can hold here, then there’s something to talk about; if not, it’ll have to come back and consolidate again. I’m in no rush to make a move. Let’s see if it can hold sideways around 0.011 first.
Still holding?