The post GLM Technical Analysis Mar 14 appeared on BitcoinEthereumNews.com.

GLM shows a dominant downtrend in the altcoin market structure; while the LH/LL formation continues, if the $0.1214 support breaks, the risk of a deeper correction increases. Although the short-term MACD bullish signal gives hope, the overall structure is under bearish pressure. Market Structure Overview GLM’s current market structure reflects a clear downtrend. Unlike the bullish trend defined by Higher Highs (HH) and Higher Lows (HL), the Lower Highs (LH) and Lower Lows (LL) pattern dominates. This indicates that the price is consistently forming lower highs and lows at recent swing points. While the current price is stable at the $0.13 level, the 24-hour 3.54% rise signals short-term recovery, but remaining below EMA20 ($0.14) keeps the structure bearish. Multi-timeframe (MTF) analysis supports the overall bearish bias with 1D: 3 supports/0 resistances, 3D: 1S/3R, and 1W: 4S/3R levels. The market is moving parallel to BTC’s downtrend, creating a risky environment for altcoins. Trend Analysis: Uptrend or Downtrend? Uptrend Signals A bullish trend requires HH/HL structure: The price must break previous swing highs to form new higher highs and higher lows. GLM has short-term hopes; MACD shows bullish divergence with a positive histogram, and RSI at 35.18 is in the oversold region (below 30). The 3.54% 24h rise provided recovery without testing the $0.1309 swing low. Bullish continuation target is set at $0.1781 (score:15); if EMA20 ($0.14) and Supertrend resistance at $0.16 break, this level could confirm transition to HH/HL via BOS (Break of Structure). However, these signals are currently weak and awaiting confirmation. Monitor these levels in GLM Spot Analysis. Downtrend Risk The downtrend is confirmed by LH/LL: Price is making lower lows without breaking recent swing highs. The flat range around $0.13 signals momentum loss. Supertrend bearish signal and position below EMA20 strengthen the short-term bearish structure. In MTF, despite…

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Filed under: News - @ March 14, 2026 12:30 am