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The Golem price rose 14% in the last 24 hours to trade at $0.53 as of 02:43 a.m. EST on trading volume that soared 34% to $595 million.
This comes as its Decentralized Physical Infrastructure Network (DePIN)/Artificial Intelligence narrative continues to gain momentum in the market, with the token already listed on Binance and top Korean exchanges.
[ $GLM ] – Golem Network Token
> 500M in treasury (+300M foundation)
> Marketcap is only 370M FDV
> Launched in ICO era (2017) and still being developed
> Fits dePIN/AI narrative
> ETH whales accumulating
> Everyone on CT still sleeping on it
> Listed on Binance and top korean… pic.twitter.com/kZHns4DWon— Remp ♔ (@remp0x) February 25, 2024
Golem Price Set To Soar Over The $0.59 Resistance
The Golem price came out of a consolidation phase in March, breaking out and going through a retrace from the resistance at $0.59. The downtrend allowed the bears to find support around $0.33, which acted as the major support.
With the $0.33 support, the bulls were able to push the price over, driving the price back to the resistance at $0.59. At this point, the bears then pushed the price down through a slight retrace back to the next support at $0.45 before going back to the resistance, forming a cup and handle pattern.
Having retested the $0.59 resistance, the GLM price is set to soar over the resistance level, as it trades above both the 50-day and 200-day Simple Moving Averages (SMAs).
Additionally, the Relative Strength Index (RSI) is poised to surge over the 50-midline level, currently at 51. If the bulls sustain the momentum, the RSI could surge over to the 70-overbought region, an indication of intense buying pressure.
The Average Directional Index (ADX) also trends over the 25 levels at 28, a signal that GLM is currently on a very strong bullish trend.
Golem Price Prediction – $0.85 In Sight
The Golem price analysis on the 4-hour chart shows a bullish bias, with the major indicators all positive as the formation of the cup and handle pattern encourages the bulls to push the price over as they target $0.85.
The movements of the ADX, RSI, and golden cross at $0.39 are an encouragement for a further price rally.
However, if the bears exert pressure at this level, the GLM price may go down through a retrace to the next support level around $0.51, which coincides with the 50-day SMA.
Meanwhile, as the Golem price soars, investors are also buying $DICE, an ICO’s that rocketed past $590k in funds raised.
Mega Dice Presale Blasts Past $590K – The Next 100X Presale Gem?
Solana’s new blockchain projects are grabbing attention. One of them, Mega Dice (DICE), a token for gaming and gambling, has quickly become popular since its presale started.
Mega Dice utilizes cryptocurrency and advanced technology as a means of providing a smoother and more secure online casino experience. The platform integrates cryptocurrencies for faster transactions and lower fees, which then eliminates the need for bulky downloads.
Being the first casino project on the Solana blockchain, Mega Dice aims to provide the ultimate casino token experience, and challenge sector titan Rollbit Coin.
The platform already has over 50,000 players and handles more than $50 million in monthly bets. It offers over 4,000 games and many sports and eSports betting options.
Step into the cosmic realm of #CashGalaxy our exhilarating #CrashGame! 🌌
1️⃣ Place your bet
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4️⃣ Celebrate your WINS!Join the intergalactic excitement at Mega Dice Casino and reach for the stars! ✨
🔗 https://t.co/WlBHIFewuo pic.twitter.com/8FvypJnysf
— Mega Dice Casino (@megadice) April 26, 2024
99Bitcoins, a prominent crypto channel on YouTube, believes that $DICE has the potential to surge 100X on launch.
If you’d like to join the presale, you can buy $DICE on the official website here for $0.069 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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