- The trading volume has increased by 105% in the last 24 hours.
- Golem crypto price has surged 240% since February.
- It has triggered a pullback and is heading for a new all-time high.
The Golem price chart has steadily increased since the beginning of February and recorded an all-time high of $0.776 on March 03, 2024. After recording an all-time high, the price declined by 38% in just 2 days. However, this fall has become a pullback, and the price has reached just below the recent high.
In the last week of February, the GLM crypto price faced resistance near the $0.400 mark, but it triggered a breakout with a strong bullish candlestick of 35% in a day. The price has surged by 88% in just a week, which showcases the buyers’ dominance.
When writing, the GLM crypto price is trading at $0.697, which has risen by 6.69% in the last 24 hours. The market capitalization is $698.19 million, with an increase of 10% in the previous 24 hours. The 24-hour trading volume is $254.16 million, and according to the trading volume, it ranks 65th in the cryptocurrency market.
The GLM price is trading far above the significant moving average, which showcases the bullish trend. RSI is at 72, slightly dropping from the overbought zone, indicating the sellers’ involvement.
Golem Crypto Price, Volume, and Market Cap Analysis
Based on the price vs. volume vs. market cap graph for Golem crypto, the trading volume has declined from $1B to $250M in the last 4 days. However, the price is predicted to decrease due to the fall in the trading volume.
The circulating supply of Golem tokens is 1B against the total supply of 1B. The last 24-hour volume-on-market cap is 36.12%.
The Golem Crypto Price is Near an All-time High; What’s Next?
In a daily time frame, the Golem crypto price has been on a bullish trend and has risen by 200% in just a few weeks. The price has triggered a pullback and has reached the last swing high with a rise of 26% in four days.
The price has taken support on the $0.550 mark and has performed positively. If the price surpasses the resistance level of $0.720 and sustains, it may easily record a new all-time high in a spike.
According to the technical chart, if the Golem price sustains the recent high, then buyers may dominate, and it may approach the $1 mark soon.
Alternatively, if the GLM crypto price faces resistance from the $0.720 mark and falls, it will drop to the support level of $0.550. However, if the GLM price slips below the $0.550 mark, it may soon melt to the $0.350 level.
Golem Price Prediction on 4-H Timeframe
In a 4-H time frame, the GLM price has formed a double-top pattern and a shooting star candlestick near the resistance level of the $0.700 hurdle. Investors may prefer to book profit if the price declines and slips below the 20-day moving average.
According to the technical chart, if the price fails to defend the $0.530, the sellers may drag the price to the $0.400 level. Alternatively, if the Golem price surpasses the resistance level of $720 and sustains, the buyer may show interest, leading to a buying momentum.
Conclusion
The Golem crypto price has been on a bullish trend and has skyrocketed by 200% in a few days. It has recorded an all-time high and declined by approximately 30%. The price has triggered a pullback and is heading for a new all-time high. According to the analysts, the price will remain bullish over the $0.520 mark and may generate a selling signal below this level.
Technical Levels
Resistance: $0.720 & $0.780
Support: $0.550 & $0.400
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.