GLMR Chart Analysis in Daily Timeframe

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Now, let’s dive into this chart analysis:

For the last 4 months, has been in a bearish trend, dropping from $0.7469 to $0.1701 (-77%). The price has reached close to the all-time low level at $0.1603.

GLMR is likely to hold this support and rebound, breaking the resistance trendline and confirming a bullish reversal.

It is interesting to see how the RSI is creating a bullish divergence pattern. If it stays strong, the price will most likely rally from the current market price of $0.1978.

Key Observations:

- Important support: $0.1603 to $0.1804.
- Primary Resistance: $0.228.
- Mid-Resistance: $0.3445.
- Higher Resistance: $0.7469.
- RSI: Bullish Divergence.
- Invalidation Point: A breakdown and close below the support level.

DYOR, NFA.

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