Deep Dive
1. Arkiv Mainnet Adoption (Bullish Impact)
Overview:
The Arkiv decentralized data layer, built on Ethereum and powered by GLM, launched its mainnet operations in November 2025. This addresses demand for censorship-resistant data solutions after recent AWS outages highlighted centralized cloud risks.
What this means:
Arkiv’s use of GLM for payments and node incentives directly increases token utility. Developers pay GLM for decentralized storage and queries, creating buy pressure. The platform’s sponsorship at Devconnect Argentina (November 2025) further validated its roadmap, attracting ecosystem partnerships.
What to look out for:
On-chain metrics for Arkiv’s usage (e.g., GLM burned in storage fees, active DB-Chains) to confirm sustained demand.
2. Technical Breakout (Mixed Impact)
Overview:
GLM broke above the 23.6% Fibonacci retracement level ($0.2455) on November 27, 2025, with RSI rising to 54.85 (neutral but bullish momentum). The 30-day SMA ($0.2258) now acts as support.
What this means:
The breakout signaled trader confidence, but GLM faces immediate resistance at $0.256 (38.2% Fib). A close above $0.27 could target $0.299 (November highs), while failure to hold $0.225 risks retesting $0.192.
3. Geopolitical AI/Cloud Shifts (Bullish Catalyst)
Overview:
The U.S. ban on Nvidia AI chip sales to China (November 2025) accelerated interest in decentralized compute networks like Golem as alternatives to centralized cloud providers.
What this means:
GLM’s role in decentralized GPU/CPU markets positions it to benefit from enterprises diversifying compute infrastructure. However, competition from Render (RNDR) and Akash (AKT) limits upside without clear adoption spikes.
Conclusion
GLM’s rally reflects a mix of Arkiv’s utility-driven demand, technical momentum, and macro shifts toward decentralized infrastructure. While short-term bullish, sustainability hinges on Arkiv’s adoption metrics and broader crypto sentiment amid Bitcoin dominance (58.78%).
Key watch: Can GLM hold above $0.245 (23.6% Fib) and attract volume beyond its current $12.8M 24h turnover?