Watch out for $GLM /USDT, everyone! 🔥 It seems to have woken up with determination, hitting $0.2484 with a bullish rally of +6.43%. It looks like it wants to fight! 🚀
From a technical standpoint, things look good at first glance: the price is breaking resistances and staying above key moving averages (the 7-day at $0.2469 and the 25 at $0.2434). Additionally, the MACD is in moon mode! 🌕 The level to watch right now is the 24-hour high at $0.2507. If it breaks through with volume, we could see a nice stretch.
BUT, WATCH OUT FOR THIS! 🚩 Not everything that glitters is gold. The money flow is telling us a different story, and this is where we need to focus. Overall money inflows are not supporting this rise with the same enthusiasm. In fact, the "Big money flow" over 5 days shows net outflows of -$217K and total "Inflows" in orders are at -$582K. Ouch! 📉 Even the "Money inflow in 24h" chart recently dipped down.
What does this mean? 🤔 It could be that strong hands are distributing while the price rises (beware of manipulation!), or that this bullish movement doesn’t have enough fuel to sustain itself for long. Such a divergence between price and capital flow is a warning sign we cannot ignore. 🤨
So, even though the price chart brings a smile, we must be cautious. Traders should pay attention to whether GLM can surpass $0.2507 and, more importantly, if fresh capital comes in to support the rise. A pullback to the $0.2434 zone could be a point to watch to see if it finds real support.
Patience will be key here. This interesting movement needs confirmation from money flow to avoid being just a simple mirage. Let’s manage that risk and HODL wisely! 🧠
