Market Overview for Moonbeam/Tether (GLMRUSDT): 24-Hour Analysis as of 2026-01-13

Summary
• GLMRUSDT formed a bearish engulfing pattern at 0.0240 and tested support at 0.0235.
• Volume surged during key swings, confirming bearish momentum after 19:00 ET.
• RSI remains in oversold territory, suggesting potential for a near-term bounce.
• Price remained within 0.0234–0.0240 range for much of the day, showing tight consolidation.

Market Overview

Moonbeam/Tether (GLMRUSDT) opened at 0.0238 on 2026-01-12 at 12:00 ET, reached a high of 0.0240, touched a low of 0.0234, and closed at 0.0238 at 12:00 ET on 2026-01-13. Total volume over the 24-hour period amounted to 7,791,808.3 units, with a notional turnover of $189,995.23.

Structure & Formations

Price action formed a bearish engulfing pattern near 0.0240, suggesting potential downward bias. A key support level appears to be forming around 0.0235–0.0236, where price has repeatedly found a floor.

The 5-minute chart shows a Fibonacci 61.8% retracement level near 0.0237, which has acted as a dynamic level of consolidation.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 5-minute chart have trended downward, confirming the bearish bias. MACD has remained below the signal line for most of the day, with negative divergences observed after 21:00 ET. This suggests continued selling pressure and weak short-term bullish momentum.

RSI and Volatility

RSI has lingered in oversold territory (below 30) for much of the day, signaling possible near-term correction. Bollinger Bands showed a moderate contraction around 05:00 ET, followed by a breakout to the downside. Price has remained within the upper and lower bands, indicating controlled volatility.

Volume and Turnover

Volume spiked during key bearish moves, particularly after 19:00 and 21:45 ET, confirming the strength of sellers. Notional turnover remained proportional to price movement, with no significant divergence observed. The largest single 5-minute turnover occurred at 21:30 ET with $19,674, indicating heightened interest during that window.

Forward-Looking View

While GLMRUSDT remains range-bound, the oversold RSI and support near 0.0235 may encourage a short-term bounce. However, the bearish structure and strong selling on the upper range suggest that further downside could be likely if the key support fails. Investors should monitor for a breakout below 0.0234 or a rejection above 0.0239 as potential turning points.