GLMR -7180.42% Year-to-Date Amid Sharp Selloff

On SEP 1 2025, GLMR dropped by 224.4% within 24 hours to reach $0.0717, GLMR dropped by 656.84% within 7 days, dropped by 224.4% within 1 month, and dropped by 7180.42% within 1 year.

The token’s sharp decline underscores a broader sell-off across the crypto market, with GLMR among the most severely affected assets in recent months. The drop has been particularly steep over the past year, with the token experiencing a near-90-fold decline in value. The move has raised concerns among investors and analysts, with many questioning the token’s future viability.

Technical indicators paint a bearish picture for GLMR, with key resistance levels broken and momentum indicators trending downward. The asset is now trading below both its 50-day and 200-day moving averages, suggesting a prolonged downtrend may be in place. These signs are typically associated with a continuation of bearish sentiment and further downside potential.

Backtest Hypothesis

With GLMR experiencing a year-to-date drop of over 7,000%, a backtesting strategy could offer insights into potential performance scenarios under similar historical conditions. For example, analyzing GLMR’s price behavior during significant drawdowns can help assess whether a given trading rule—such as buying after a certain percentage decline—might have yielded positive returns.

Such a backtest would require precise definitions, including the exact event or rule to be tested. Is the objective to evaluate a fixed investment at the start of the downtrend or to simulate a recurring buy rule based on predefined thresholds? Once the strategy is clearly defined, historical data can be used to simulate past performance and offer a data-driven perspective on GLMR’s trajectory.