Market Overview for Moonbeam/Bitcoin (GLMRBTC) – 2025-10-22

• Price remained tightly range-bound around 3.7e-07 for most of the session, with minimal price movement.
• A slight bearish shift occurred midday on 2025-10-22, as price dipped to 3.6e-07 following a key 15-minute candle.
• Volume and turnover remained subdued for most of the session, with brief spikes at 03:00 ET and 11:15 ET.
• A potential bearish Doji formed at 11:15 ET, but lacked follow-through in subsequent candles.
• No clear breakout or reversal occurred, indicating a continuation of low conviction in the pair.

Moonbeam/Bitcoin (GLMRBTC) opened at 3.7e-07 on 2025-10-21 at 12:00 ET and reached a high of 3.8e-07 before settling at 3.6e-07 at 12:00 ET on 2025-10-22. The 24-hour session saw a narrow range of 3.6e-07 to 3.8e-07, with total volume traded at 336,786.6 and a notional turnover of $124.57. Price action remained flat for most of the session, with only a few 15-minute candles showing directional bias.

Underlying structure shows a tight consolidation between 3.6e-07 and 3.7e-07, with no clear support or resistance levels emerging. A potential bearish Doji appeared at 11:15 ET, but was quickly negated by a continuation of flat price action. The absence of follow-through momentum suggests a lack of conviction in either direction. On the 15-minute chart, 20- and 50-period moving averages converged closely, reflecting the sideways trend.

MACD and RSI indicators reflect a weak momentum profile. RSI lingered near the 50 level throughout, indicating a neutral sentiment with no overbought or oversold conditions. MACD lines remained flat with no clear divergence, suggesting that the pair lacks directional impetus. Volatility, as seen in Bollinger Bands, contracted over the session, further reinforcing the consolidation pattern.

Volume and turnover remained largely subdued across the 24-hour window. Only two instances—03:00 ET and 11:15 ET—saw notable increases, aligning with minor price shifts. These spikes did not trigger meaningful trend continuation, suggesting limited interest in the pair. Bollinger Bands showed a slight expansion during the 11:15 ET candle but failed to confirm any breakout. Fibonacci retracement levels on recent 15-minute swings indicated potential targets at 3.6e-07 (61.8%) and 3.7e-07 (38.2%), aligning with the current range.

Backtest Hypothesis
The potential for a Doji Star pattern in GLMRBTC remains unverified due to an issue with identifying the correct ticker symbol in the data service. A Doji Star typically signals a potential reversal, and backtesting this pattern on historical data would help assess its predictive value. To proceed, we would need to confirm the correct ticker symbol—ideally with an exchange identifier such as “BINANCE:GLMRBTC”—to ensure accurate historical pattern detection. Once the correct symbol is validated, a backtest from 2022-01-01 to present can be initiated to evaluate the pattern’s effectiveness in predicting short-term price moves, including average return, hit ratio, and optimal exit timing. This would provide a robust, data-driven basis for any strategy relying on Doji Star signals.