GLM has broken its long-standing bearish trendline, signaling a bullish reversal as it consolidates near $0.31–$0.32. The cryptocurrency, which had been in a bearish pattern through 2024 and 2025, found strong support at the $0.24–$0.25 demand zone, absorbing selling pressure and attracting significant buying interest.
In early 2026, GLM decisively moved above the descending trendline, confirming a trend change with a retest of the former resistance near $0.25. This breakout is supported by steady upward momentum and increased volume, indicating genuine market participation rather than speculative spikes. As GLM consolidates below $0.32–$0.33, market observers note continued accumulation, suggesting potential for further gains if selling pressure remains limited.
Potential price targets include $0.3136 initially, with further upside toward $0.34–$0.36. However, failure to maintain levels above $0.3015 could lead to pullbacks toward $0.2850. Maintaining levels above $0.29 is crucial for sustaining the short-term bullish outlook.
GLM Signals Bullish Reversal with Break Above Bearish Trendline
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