Golem is presently the perfect performer amongst the main 100 cryptocurrencies on Monday.
GLM, the native token of the Golem ecosystem, is setting the pattern on Monday, as it’s outperforming the broader cryptocurrency market.
The broader market added 1% to its worth on Monday, with the overall market cap nonetheless above $1 trillion.
Bitcoin has climbed above the $22k resistance degree after rallying by greater than 11% over the previous seven days. Ether is down by greater than 1% within the final 24 hours and is buying and selling round $1,700 regardless of the Merge getting nearer.
GLM is the perfect performer amongst the highest 100 cryptocurrencies on Monday. GLM has added greater than 40% to its worth up to now right this moment and is buying and selling at $0.419 per coin. There isn’t a quick catalyst behind this rally. There isn’t a upcoming occasion within the Golem ecosystem
Key ranges to look at
The GLM/USD 4-hour chart is extraordinarily bullish as Golem has been performing positively during the last 24 hours. The technical indicators present that GOLEM is outperforming the broader crypto market in the mean time.
The MACD line is deep throughout the optimistic territory, indicating bullish momentum. It has been inside that area since September 8, indicating that the bulls are presently in charge of the market.
The 14-day relative power index of 80 reveals that GLM will quickly enter the overbought area if the rally continues.
If the bulls proceed to be in cost, GLM may surge previous the primary main resistance degree at $0.51 earlier than the top of the day. Within the occasion of an prolonged bullish run, GLM may surge previous the $0.60 resistance degree for the primary time because the begin of the yr.
We’re nonetheless in a bearish market, and the bears may regain partial management. If that occurs, GLM may slip beneath the $0.40 psychological degree over the following few hours.
Nevertheless, GLM ought to comfortably defend its place above the $0.36 help degree within the close to time period.
Binance
Binance is without doubt one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled traders and it gives a lot of cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, resembling; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Wazirx
WazirX is India’s largest crypto alternate. Began in 2018, WazirX has grown to be essentially the most trusted alternate within the Indian crypto market. It is part of the binance group, serving customers in 180 international locations.