$GLM has experienced a slight decline of -1.072% in the past 24 hours, indicating weakness in market interest.
The price fluctuated between 0.2301 and 0.2212, with established support at 0.2212 and resistance at 0.2301.
Bollinger Bands highlight a tightening range, suggesting potential volatility ahead.
With the overall market in a downtrend, macroeconomic factors like inflation and regulatory uncertainties may further pressure prices.
Bitcoin's influence appears to be undefined, which could indicate GLM's independent behavior.
Traders should consider a short-term approach, focusing on volatility due to the fragile market structure.
Key takeaway: Monitor external factors, as they can have a significant impact on GLM's price action.
