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$GLM USDT (Golem) — 1D Analysis
🔷 Pattern: Ascending Channel — Lower Band Retest
After bottoming near $0.115 and recovering steadily, GLM has been trading inside a clean ascending channel structure.
Price recently tested the upper channel band around $0.155–$0.160 before pulling back, and is now retesting the lower support band near $0.138–$0.145.
This is a classic channel retest setup — the key question now is whether buyers can defend support and maintain the broader bullish structure.
📍 Key Levels:
🟢 Channel Support Zone: ~$0.138 – $0.145
🔴 Channel Resistance Zone: ~$0.158 – $0.165
🎯 Breakout Target: $0.185 – $0.210
❌ Invalidation: Daily close below $0.120
📉 RSI (14): 52.04
📊 Signal: 58.52
⚠️ RSI has now produced a sharp bearish cross, dropping notably below the signal line after previously pushing close to overbought territory near 70.
This reflects a meaningful momentum cooldown accompanying the current pullback into channel support.
👉 Lower channel retest + weakening RSI = key decision zone
For bullish momentum to regain strength, RSI likely needs to reclaim the 58+ region while price continues holding the lower channel support.
If support stabilizes successfully, continuation toward the upper channel resistance — and potentially the breakout target region — remains possible.
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$GLM Here 👇📈
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