$GLM GLM/USDT Price Analysis: Bullish Momentum Building! 🚀

At $0.3756 (+4.22%), GLM has seen a steady upward climb, nearing its daily high of $0.3816. The bullish momentum is gaining strength, with the price testing key resistance levels. Let’s dive into the technicals to identify what’s next for GLM.

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Market Overview

24H High: $0.3816

24H Low: $0.3489

Volume (GLM): 9.92M

The surge from $0.3489 indicates strong buyer interest, with GLM now testing critical resistance levels near the $0.3800 zone.

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Key Levels to Watch 📊

Support Levels:

$0.3650: Immediate support; holding above this level will confirm the continuation of the uptrend.

$0.3480: Strong support; a retest here may attract further buying interest.

Resistance Levels:

$0.3816: Current resistance; a breakout above this could open the door to higher targets.

$0.4000: Psychological resistance and a key target for bullish traders.

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Indicators in Focus

MACD: Showing bullish momentum, with widening divergence supporting upward movement.

Volume: Rising volume supports the ongoing rally, indicating strong market participation.

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Trading Strategy

Bullish Scenario:

Entry: $0.3700–$0.3750 on minor pullbacks.

Targets:

First Target: $0.3900

Stretch Target: $0.4000

Stop Loss: Below $0.3650 to manage risks.

Bearish Scenario:

Entry: $0.3800–$0.3850 if resistance holds.

Targets:

First Target: $0.3650

Second Target: $0.3480

Stop Loss: Above $0.3900.

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Final Thoughts

GLM is showing strong bullish momentum, with the potential to break above $0.3816 and rally toward $0.4000. Traders should keep a close watch on volume and price action near resistance levels for confirmation of the trend. A pullback to $0.3650 could offer a good entry point for long positions.

What’s your strategy for GLM? Let’s discuss your next move!

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