$GLM

📊 Technical Analysis of GLM/USDT (Perpetual)

🗓️ Date: July 27, 2025

🕐 Timeframe: 1 Hour (1H)

🔍 Price Movement Summary

Last Price: $0.33921 (Rp5,530.13)

📈 Increase: +25.09% (in 24 hours)

High 24 hours: $0.35300

Low 24 hours: $0.26880

📈 Strong Buying Pressure

A drastic volume spike up to 309M indicates massive accumulation from market participants.

The last candlestick shows a bullish engulfing pattern with a very large body and high volume → valid breakout signal.

🔧 Additional Indicators

Moving Average (MA):

MA(5): $84.9M

MA(10): $68.4M

Both show an upward trend and are starting to diverge → indication of strengthening momentum.

Volume (VOL):

Sharp increase, confirming price movement supported by strong liquidity.

7 days: +22.85%

30 days: +55.97%

📊 Short-Term Trend

Price has broken out of resistance at $0.291 and pierced $0.32 with high volume.

Nearest target: $0.36 – $0.38

Strong support is currently in the $0.29 – $0.30 zone

⚠️ Risk Note

Rapid increases like this can trigger short-term corrections, so watch for the next candle formations and continued volume.

The potential for false breakouts remains if volume significantly decreases.

📢 Conclusion

GLM shows very strong bullish momentum, supported by large volume and significant price breakout. However, remain cautious of potential quick corrections. This is an exciting moment for both breakout traders and swing traders.

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