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Summary
• Price tested key resistance at 2.35e-06 and surged to 2.52e-06 before consolidating.
• Strong bullish momentum in early hours with volume spiking above 400,000.
• RSI showed overbought levels, suggesting potential pullback ahead.
• Bollinger Bands widened, reflecting heightened volatility.
Golem/Bitcoin (GLMBTC) opened at 2.3e-06 on 2025-12-29 at 17:00 ET and climbed to a high of 2.52e-06 on 2025-12-30 at 02:45 ET, finding a low of 2.32e-06 and closing at 2.35e-06 by 12:00 ET the same day. Total volume was 1,715,515.0, with a turnover of approximately 0.275 BTC.
Structure & Formations
The price broke through the 2.35e-06 resistance with a strong bullish candle on 02:15 ET, forming a hammer pattern. A subsequent bearish reversal candle on 02:45 ET capped the upward move at 2.52e-06.

Moving Averages and Momentum
On the 5-minute chart, the 20-period moving average provided dynamic support during the early surge. The 50-period line lagged behind but began to align with the bullish trend by the end of the session. RSI spiked into overbought territory near 80, suggesting a likely pullback or consolidation phase ahead.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly after the breakout, with price reaching the upper band before pulling back. The 2.34e-06–2.35e-06 range appears to have become a key consolidation zone.
Volume and Turnover Analysis
Volume surged dramatically during the 02:00–03:00 ET window, peaking at over 585,322 contracts. Notional turnover mirrored this, with large buys observed at 2.35e-06–2.38e-06. No clear divergence between price and turnover was observed.
Fibonacci Retracements
Key 5-minute swing highs from 2.33e-06 to 2.52e-06 identified 38.2% at 2.41e-06 and 61.8% at 2.37e-06, both levels being tested and partially held. The 2.34e-06 level now acts as a potential Fibonacci confluence point.
Price may find short-term direction off the 2.34e-06–2.35e-06 range, but traders should remain cautious of overbought conditions and potential profit-taking in the next 24 hours.
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