Is Golem (GLM) Trending Lower or Higher Wednesday?

Golem receives an average long-term technical score of 43 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. GLM currently holds a superior long-term technical analysis score than 43% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Golem a 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Golem!

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Trading Analysis

The current trading price of $0.430000000 for GLM is -$0.1100000 (-20.04%) below the tokens 100-day moving average of $0.540000000. GLM meanwhile is $0.3300000 (-10376.37%) above its 52-week low of $0.100000000 and -$0.50000000 (-1025.23%) under its 52-week high price of $0.930000000. Golem's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 43. The price movement and range of GLM suggest that investors are bearish on the token at this time. Golem has a total market value of $428,787,972.92 with an average average daily volume of $61,287,287.75 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, GLM's volume is below its average with $9,289,833.37 exchanged in total. This token's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

GLM's historical trading over the past year gives it a an average long-term technical score of 43 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Golem (GLM).