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The GLMR/USDT chart shows a clear downward trend over the displayed period, with price slipping from around 0.1114 to the current 0.0392 USDT, a sharp 57.43% gain in PKR value indicating a recent spike in the local currency price.
Key observations on the trends:
- *Moving averages*: the 7‑day MA (0.0286) and 25‑day MA (0.0326) are below the price, suggesting short‑term bullish momentum after a deep drop. The 99‑day MA (0.0526) sits well above the current price, signaling the long‑term trend is still bearish.
- *Volume*: 24‑hour volume spikes to 402.98 M GLMR (13.52 M USDT), showing strong activity around the recent price move.
- *Price action*: the candlesticks form lower highs and lower lows, indicating weakening support and a potential continuation of the downtrend unless a breakout above the MAs occurs.
- *Indicators*: the bottom panel shows volume and MA(5), MA(10) lines flattening, hinting at reduced selling pressure lately.
@GLMR #GLMR $GLMR #BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #CPIWatch