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

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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. 

This type of price movement is evident in other crypto coins recently, as they recover from the mid January crypto crash. It might be a sign that investors are buying back in. Especially in to good crypto projects with valuable applications, taking advantage of the lower prices.

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.

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