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The Golem price prediction reveals that GLM is experiencing significant price movements, with a notable breakdown and subsequent recovery above a long-term uptrend line.
Golem Prediction Data:
- Golem price now – $0.33
- Golem market cap – $333.2 million
- Golem circulating supply – 1 billion
- Golem total supply – 1 billion
- Golem Coinmarketcap ranking – #146
Getting in early on crypto projects can often lead to significant gains, and GLM (Golem) is a perfect example. Since its all-time low of just $0.008797 on December 12, 2016, the token has skyrocketed by an astonishing 3,682.24%, reaching a high of $0.3598 in the past 24 hours. While it remains below its all-time high of $1.25 from January 8, 2018, its long-term performance highlights the potential rewards of identifying promising projects early.
GLM/USD Market
Key Levels:
Resistance levels: $0.45, $0.47, $0.49
Support levels: $0.22, $0.20, $0.18
On the daily chart, GLM/USD shows that the price is currently trading at $0.3338, reflecting a 6.00% decline from the previous day. Despite the recent drop, the price is still above both the 9-day MA ($0.3366) and the 21-day MA ($0.3100), suggesting that the market is attempting to sustain a bullish bias. However, the price action is still within a descending channel, which has been shaping the market trend since December. Meanwhile, the recent rejection near the upper boundary of the channel indicates that bearish pressure remains strong, and unless bulls push decisively above this resistance, the price may struggle to maintain its upward momentum.
Golem Price Prediction: Where Could GLM Price Go Next?
If sellers continue to dominate, the next key support is located at $0.25, which nears the lower boundary of the descending channel. A break below this level could signal a continuation of the broader downtrend, potentially leading to further declines at $0.22, $0.20, and $0.18 levels. However, if buyers step in near the moving averages and defend the price above the 9-day MA, the market may consolidate before making another attempt to break higher. Meanwhile, volume levels have shown periodic spikes, suggesting intermittent interest from traders, but a sustained increase in volume is needed to confirm a strong breakout.
Golem GLM Coin Price Prediction 2025 – What’s Next for GLM?
On the upside, if GLM/USD manages to break above the $0.40 resistance level, it could trigger a trend reversal, allowing the price to escape the descending channel and target higher levels. Therefore, a decisive daily close above this level would likely attract more buyers and push the price toward new highs at $0.45, $0.47, and $0.49 respectively. Until then, traders should watch for price action around the moving averages and the descending trendline for further clues on market direction.
GLM/BTC Heads to the Upside
Against Bitcoin, GLM shows that the price is currently trading at 394 SAT, reflecting a 6.19% decline from the previous day. Despite this drop, the market structure suggests that buyers are attempting to regain control as the price remains above both the 9-day MA (377 SAT) and the 21-day MA (333 SAT). However, the recent breakout from the lower boundary of the descending channel indicates a shift in momentum, with the price testing the upper resistance of the channel. Moreover, a failure to decisively break above this level may result in a pullback toward the 270 SAT support level, where buyers could attempt another rally.
Nonetheless, if the price manages to break above the channel resistance and surpass the key level of 450 SAT, it could signal a bullish reversal, allowing GLM/BTC to target higher levels. A strong daily close above this zone would confirm a breakout, potentially driving the price toward the 525 SAT level. On the other hand, failure to sustain above the moving averages could lead to renewed selling pressure, dragging the price back toward lower support levels. Traders should watch for a surge in volume alongside any breakout attempt to confirm the strength of the move.
Crypto analyst @Moon_Whales_ shares with over 18K followers on X (formerly Twitter) that #GLM has broken out of a falling wedge on the daily timeframe (DTF), signaling a potential bullish reversal. With bulls regaining momentum after a strong push, he suggests that if the breakout holds, GLM could soon make a significant move toward the $0.40+ level.
#GLM broken out of a falling wedge on the DTF, Bulls are reclaiming momentum after a strong push, and if this breakout holds, we could see a big move toward $0.40+ soon. #GLMUSDT $GLM pic.twitter.com/S4VTFVn1B4
— Moon Whales (@Moon_Whales_) February 23, 2025
Golem Alternatives
Overall, Golem (GLM) exhibits a mix of bullish and consolidation phases, with strong support at the trendline and resistance at $0.40. The breakout within the channel remains a dominant technical factor, suggesting potential for higher price targets. However, the Best Wallet presale has already surpassed $10.5 million in funding, establishing it as one of the most promising crypto wallet projects of 2025. Built to compete with MetaMask, Best Wallet offers superior features, including early access to new projects, lower transaction fees, higher staking rewards, and community governance, giving users a say in key decisions. Additionally, Golem (GLM) and other popular cryptocurrencies can be conveniently bought and managed on the Best Wallet platform, making it a powerful all-in-one solution for crypto enthusiasts.
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