Golem is at the moment the very best performer amongst the main 100 cryptocurrencies on Monday.
GLM, the native token of the Golem ecosystem, is setting the development on Monday, as it’s outperforming the broader cryptocurrency market.
The broader market added 1% to its worth on Monday, with the overall market cap nonetheless above $1 trillion.
Bitcoin has climbed above the $22k resistance stage after rallying by greater than 11% over the previous seven days. Ether is down by greater than 1% within the final 24 hours and is buying and selling round $1,700 regardless of the Merge getting nearer.
GLM is the very best performer amongst the highest 100 cryptocurrencies on Monday. GLM has added greater than 40% to its worth up to now right this moment and is buying and selling at $0.419 per coin. There is no such thing as a instant catalyst behind this rally. There is no such thing as a upcoming occasion within the Golem ecosystem
Key ranges to look at
The GLM/USD 4-hour chart is extraordinarily bullish as Golem has been performing positively over the past 24 hours. The technical indicators present that GOLEM is outperforming the broader crypto market for the time being.
The MACD line is deep throughout the constructive territory, indicating bullish momentum. It has been inside that area since September 8, indicating that the bulls are at the moment in command of the market.
The 14-day relative energy index of 80 exhibits that GLM will quickly enter the overbought area if the rally continues.
If the bulls proceed to be in cost, GLM might surge previous the primary main resistance stage at $0.51 earlier than the top of the day. Within the occasion of an prolonged bullish run, GLM might surge previous the $0.60 resistance stage for the primary time because the begin of the yr.
We’re nonetheless in a bearish market, and the bears might regain partial management. If that occurs, GLM might slip beneath the $0.40 psychological stage over the following few hours.
Nonetheless, GLM ought to comfortably defend its place above the $0.36 help stage within the close to time period.
Binance
Binance is without doubt one of the largest cryptocurrency exchanges on the earth. It’s higher suited to extra skilled buyers and it provides a lot of cryptocurrencies to select from, at over 600.
Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, similar to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Purchase GLM with Binance right this moment
Coinbase
Coinbase is a worldwide cryptocurrency alternate. Its platform is effectively designed for newbie buyers and it provides a variety of cash, because it has over 100 to select from.
Coinbase has excessive stage safety constructed into the platform, a variety of various options to make use of and it provides its customers choices for storing their crypto, similar to having the ability to retailer cash on the Coinbase alternate.
Purchase GLM with Coinbase right this moment
Disclaimer
