GLM is currently forming a Falling Wedge pattern on the daily chart, and the breakout has been confirmed. Based on the technical characteristics of this pattern, a strong upward trend is expected to follow. During this rebound, the price is likely to reach the target level around $0.4100. Falling Wedge patterns typically indicate that selling pressure from earlier is gradually weakening and buying momentum is building. Once the resistance line is broken, it often triggers a trend reversal. Moving forward, attention should be paid to whether trading volume can effectively support the move to ensure the sustainability of the upward trend.

GLM4,56%
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AirdropHunterXMvip
· 01-10 12:07
Has the descending wedge broken out? This time, it shouldn't be a false breakout again, right? Trading volume needs to keep up.
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BTCWaveRidervip
· 01-10 07:05
The descending wedge has broken out. Can it hold this time? Feels like the drop was too sharp before.

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0.41? Dreaming, volume can't keep up.

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Trading volume is the key, don't just look at the chart pattern.

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Another wedge and reversal, tired of the same tricks.

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Breakout confirmed, right? I'll wait a bit before jumping in.

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Wedges are too often deceptive.

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I'm optimistic about this wave, but it depends on the volume.

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Another technical prediction, is this one reliable?

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0.41 is about right, provided it doesn't collapse.

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Selling pressure exhausted? Feels like it's still crashing.
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GateUser-e51e87c7vip
· 01-07 14:51
Has the descending wedge broken out? Let's wait and see if it can hold steady before saying anything.

The 0.41 target sounds good, but without enough trading volume, it's all pointless.

Another wave of rebound, will it go all the way this time or just keep cutting losses?

GLM's recent movement is really interesting.

The wedge breakout is making so much noise, but it's actually a bit unsettling.

Trading volume is the key, without volume, everything is just fake.

0.4 is probably about to end, just watching it unfold.

I don't really believe this rebound; too many people are trapped earlier.

The resistance line is so clear, but breaking through it makes me a bit worried.
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PoetryOnChainvip
· 01-07 14:51
The descending wedge breakout theory has been heard too many times; the key still depends on whether the volume supports it or not. Otherwise, a rebound just to fall back again.

Just wait for 0.41, anyway, even if you're caught, it's not a big deal this time.

Another analysis like this... Every time they say reversal, why am I still losing?

Bitcoin isn't moving, so what’s the point of GLM moving? It depends on the market sentiment.

Volume is the most unreliable thing; who knows if it's just retail investors dumping.
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probably_nothing_anonvip
· 01-07 14:51
Another wedge breakout. Can it really rise to 0.41 if I keep saying this every time?
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LuckyHashValuevip
· 01-07 14:50
The descending wedge has broken out. This wave of GLM looks promising. Let's wait and push for 0.41.
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GateUser-a5fa8bd0vip
· 01-07 14:40
Has the descending wedge broken out? Feels like there's a chance this time. 0.41 seems quite reasonable, but the key is whether the volume supports it.
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AlwaysAnonvip
· 01-07 14:40
I've heard the explanation of the falling wedge breakout so many times, can it really rise to 0.41?
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