Ali Baloch
The image shows a chart of GLM/USDT (Golem token to US Dollar Tether) on a daily time frame. Here are the key points:
- The current price is 0.3404 USDT, representing a +9.95% increase.
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- The chart shows a series of candlesticks, indicating price movement over time.
- The 24-hour high is 0.3743 USDT, and the 24-hour low is 0.3022 USDT.
- The chart displays a recent price rise after a consolidation phase, with a notable upward spike.
- The relative strength index (RSI) at the bottom shows a value of 70.40, suggesting the asset is nearing an overbought condition.
- A red horizontal line marks potential resistance at 0.4077269 USDT.
- The volume bar indicates 295.43M GLM traded in the last 24 hours.
The price has bounced from the recent low, but the high RSI indicates caution, as the market may be approaching a potential reversal or correction due to overbought conditions.
