GLM Crypto Price Spiked 16% In 2 Hours February 6 As Investors Buy The Dip | Good Investment Opportunity?

The Content The GLM token price spiked 10% on Sunday. It began the day at around 0.3902, briefly dropping to 0.3801 in the morning and retracing back during the afternoon. It seemed like a normal day in the GLM coin market. However, in a matter of 2 hours the price spiked from 0.3901 to 0.4426. That is a 12.8% jump for the day and a 16.44% jump from the daily low. Then it crashed back down, closing the day at 0.4126, only a 5.76% for the day. 

Very Bullish

Over the last five days, Golem has earned a Very Bullish rating on the Sentiment Score. The Sentiment Score measures the performance of Golem over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Golem was trading near its five-day high of $0.433608646372406. The token was 0.20% off its five-day high and is 27.91% higher than its five-day low of $0.338320344686508.

Golem price is currently above resistance. With support set around $0.383832141023198 and resistance at $0.403057261567631, Golem is potentially in a volatile position if the rally burns out.

Golem has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.