Resistance

Golem

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Golem Network crypto price is currently trading at $0.2469&nbsp; with a drop of 2.30% in the last 24 hours with GOLEM having a current market cap of $ 245 million.</a> </li> 
 <li> <span>2</span> <a>Golem Network’s crypto price increased by 3.07% over the past seven days.</a> </li> 
</ul> 
<p>Golem Network crypto price has been on a downtrend for the past three weeks, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the crypto has lost its momentum. The crypto has also traded above the key moving averages, which indicates further weakness.</p> 
<p>The crypto has created a bearish pattern and erased the gains it made in the previous month. Golem Network (USD: GOLEM) crypto has returned to its previous support level. The technical analysis suggests that the crypto is oversold and could bounce back from the lower levels. However, the crypto needs to show some signs of strength and reversal before confirming a pullback rally.</p> 
<p>Golem Network crypto (USD: GOLEM) price is in a correction phase but trading near to crucial support of $0.2413. If formed, a bullish candle indicates buyers are active and will try their best to rebound.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-golem-network-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Golem Network Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="698" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680.png" alt="Golem Network Prediction: Will GOLEM Flip the Game in 2024?" class="wp-image-185765" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-300x131.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-1024x447.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-768x335.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-1536x670.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-750x327.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-680-1140x497.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Golem Network.1D.USD by TradingView
  </figcaption>
 </figure>
</div> 
<p>Golem Network price is trading beyond the 50-day and 200-day EMA showcasing an uptrend. However, the Golem Network price is close to the 200 EMAs.&nbsp;</p> 
<p>The MACD induced a negative crossover and the histogram is also red demonstrating bearishness.&nbsp; The current value of RSI is 50.90 points. The 14 SMA is above the median line at 40.05 points which indicates that the Golem Network crypto is bearish.</p> 
<h2 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly-Time Horizon Analysis</strong></h2> 
<p>Golem Network crypto has shown sellers’ strength on the weekly charts.&nbsp; Moreover, the price traded below the key EMAs, which indicated further weakness in the crypto. The RSI curve is around the oversold area at 38, and a pessimistic viewpoint was noted, suggesting bearishness in the crypto. The MACD indicator also continued to form red bars, and a bearish crossover was seen, which signals corrective moves.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/12/25/the-open-network-ton-price-surged-after-the-ledger-support-news-2/" target="_blank" rel="noreferrer noopener">Golem Network (USD: GOLEM)</a> technical oscillators also support the mild bearish trend. The MACD, RSI, and EMAs emphasize neutral signs and imply that the pullback may occur in the GOLEM crypto price chart. Golem Network price action suggests that the investors and traders are neutral on the 1-D time frame. The price action reflects a neutral perspective at the moment.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<p>Support Levels: $0.2592 and $0.732</p> 
<p>Resistance Levels: $0.2413 and $0.2272</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Golem Network Prediction: Will GOLEM Flip the Game in 2024?

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