GLM +21.46% 24H Due to Short-Term Technical Momentum

On SEP 6 2025, GLM rose by 21.46% within 24 hours to reach $0.2338, GLM rose by 165.43% within 7 days, dropped by 42.64% within 1 month, and dropped by 3654.89% within 1 year.

GLM’s price movement on SEP 6 2025 reflects a significant short-term rebound, fueled by technical momentum signals. The asset closed the 24-hour period at $0.2338, up 21.46%, indicating a sharp correction within a larger bearish trend. The uptick comes after a 165.43% increase over the prior seven days, suggesting a rapid repositioning by traders capitalizing on a perceived oversold condition. Despite this, the 42.64% decline over the past month and a 3,654.89% drop over the previous year underline the long-term challenges facing the asset class.

Technical indicators suggest GLM may be at a turning point. On the daily chart, the RSI moved above 30, signaling a potential bounce from oversold territory, while the 50-day moving average crossed above the 200-day line, hinting at a possible near-term recovery trend. Analysts project that GLM may continue to consolidate between $0.19 and $0.28 in the next 10 days, pending further volume confirmation. However, long-term bearish pressure remains intact, with a year-to-date loss of over 3,650% suggesting a structural re-rating in progress.

The recent price action appears to align with a broader pattern observed in speculative crypto assets, where short-term liquidity shifts can drive disproportionate price swings. Traders are reportedly focusing on key resistance levels around $0.25 and $0.30, while support is expected to hold above $0.20.