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Golem is presently the greatest performer amongst the main 100 cryptocurrencies on Monday.
GLM, the native token of the Golem ecosystem, is setting the development on Monday, as it’s outperforming the broader cryptocurrency market.
The broader market added 1% to its worth on Monday, with the complete market cap nonetheless above $1 trillion.
Bitcoin has climbed above the $22k resistance stage after rallying by greater than 11% over the previous seven days. Ether is down by greater than 1% in the final 24 hours and is buying and selling round $1,700 regardless of the Merge getting nearer.
GLM is the greatest performer amongst the prime 100 cryptocurrencies on Monday. GLM has added greater than 40% to its worth to this point in the present day and is buying and selling at $0.419 per coin. There is not any rapid catalyst behind this rally. There is not any upcoming occasion in the Golem ecosystem
Key ranges to look at
The GLM/USD 4-hour chart is extraordinarily bullish as Golem has been performing positively over the final 24 hours. The technical indicators present that GOLEM is outperforming the broader crypto market at the second.
The MACD line is deep inside the constructive territory, indicating bullish momentum. It has been inside that area since September 8, indicating that the bulls are presently accountable for the market.
The 14-day relative power index of 80 exhibits that GLM will quickly enter the overbought area if the rally continues.
If the bulls proceed to be in cost, GLM might surge previous the first main resistance stage at $0.51 earlier than the finish of the day. In the occasion of an prolonged bullish run, GLM might surge previous the $0.60 resistance stage for the first time since the begin of the yr.
We are nonetheless in a bearish market, and the bears might regain partial management. If that occurs, GLM might slip under the $0.40 psychological stage over the subsequent few hours.
However, GLM ought to comfortably defend its place above the $0.36 assist stage in the close to time period.
OKX
OKX is a prime cryptocurrency trade which presents over 140 cryptocurrencies to spend money on.
OKX takes buyer safety very critically, they retailer virtually all of their shoppers’ funds in chilly storage, and the trade is but to be hacked.
On prime of this, the trade presents very low charges and clients may even use their crypto as collateral for loans on the platform.
AVATrade
Ava Financial Ltd operates the AvaFX and AvaCommerce foreign exchange manufacturers and all enterprise related to them. The firm has a department workplace in Dublin, Ireland, which enabled it to get an operational license from the Irish authorities.
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