GLM Technical Analysis Feb 10

GLM, at its current price of 0.18$, continues its downtrend as it approaches the critical 0.1628$ support zone; buyers may remain weak unless the 0.1900$ resistance is broken.

Current Price Position and Critical Levels

GLM is experiencing horizontal consolidation at the 0.18$ level and is positioned within the overall downtrend structure. The 24-hour change shows a limited loss of -0.48%, while the price continues to stay below EMA20 (0.21$), reinforcing the short-term bearish signal. RSI at 36.30 is near the oversold zone, but momentum shows no signs of recovery yet. The Supertrend indicator is bearish and draws resistance around 0.24$. In multi-timeframe (MTF) analysis, a total of 14 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/3 resistances on 1D, 2 supports/3 resistances on 3D, and 2 supports/4 resistances confluence on 1W. The price tested the secondary support at 0.1846$ but failed to hold; now it’s eyeing the primary 0.1628$ zone. This position carries liquidity hunting potential, as stop-loss clusters are concentrated below the lower level.

Support Levels: Buyer Pools

Primary Support

0.1628$ (Strength Score: 71/100) – This level stands out as the most critical buyer zone. Why? There’s a strong order block (OB) formation on 1D and 3D timeframes; in October 2025, price was sharply rejected from here and initiated a 15% rally. Volume profile analysis confirms high trading volume – this area is a demand zone where institutional buying concentrated in the past. MTF confluence is excellent: it aligns with 1W Fibonacci 0.618 retracement and is near the 200-day EMA. Number of historical tests: 4 times, rejected with wicks each time. If broken, it could lead to a liquidity sweep, opening the downside target to 0.0200$; invalidation requires a daily close below 0.1628$.

Secondary Support and Stop Levels

0.1846$ (Strength Score: 67/100) – Near-term secondary support; tested in the last 24 hours but leaked downward due to insufficient volume. This level functions as a breaker block on the 4-hour chart and carries RSI divergence potential (from 36.30 upward turn). Confluence: aligned with EMA50 (0.185$), held 3 times in the past (before November 2025 rally). Monitor below 0.1800$ as a stop level – this is a retail stop hunt zone, and a break could lead to a quick drop to 0.1628$. Additionally, 0.1750$ contains micro support swing lows, offering short-term bounce opportunities.

Resistance Levels: Seller Pools

Near-Term Resistances

0.1900$ (Strength Score: 75/100) – The nearest seller zone, strengthened by psychological round number effect. Supply zone on 1D chart; triggered a 12% drop from here in January 2026. Volume spikes confirmed sell-offs, with 3D EMA20 confluence in MTF. Short positions may increase as price approaches 0.19$; rejection wicks are frequent. For a breakout, daily volume needs a 50% increase, otherwise fakeout risk is high.

Main Resistance and Targets

0.2101$ (Strength Score: 66/100) – Medium-term main resistance; strong OB overlapping with Supertrend resistance. On 1W timeframe, 0.5 Fibonacci extension from historical highs with supply imbalance. Test count 5+, bearish engulfing candles each time. Upper target 0.2759$ (64/100): weekly pivot and EMA100 confluence, opens door to upside target 0.3024$ but low probability in downtrend. These resistances are areas where big players collect short liquidity – a close above 0.2100$ brings bullish invalidation.

Liquidity Map and Big Players

Big players (smart money) are targeting equal lows liquidity below 0.1628$; this is ideal for stop hunting. Above, the 0.1900-0.2101$ range forms a long liquidity pool – price could raid here and reject. In order flow analysis, 1D imbalance gaps below 0.18$ remain unfilled, signaling continuation. Volume delta is negative, indicating seller dominance. Liquidity map: lower pool concentrated at 0.1628$, upper pool weak at 0.2759$ – sellers have the advantage in downtrend. Check detailed data in GLM Spot Analysis and GLM Futures Analysis.

Bitcoin Correlation

GLM shows high correlation with BTC (%0.85); while BTC holds its downtrend at 69,488$ level (despite 24h +1.41%), altcoins are under pressure. BTC supports at 65,850$ and 62,180$ are critical – if broken, GLM parallels down to 0.1628$. Monitor BTC resistances at 70,183$-73,808$; with BTC Supertrend bearish, GLM rally remains limited. Dominance increase could trigger rotation in alts; if BTC drops below 65k, GLM downside opens to 0.15$.

Trading Plan and Level-Based Strategy

Level-based outlook: short bias below 0.1900$ (target 0.1628$, stop 0.1950$); after rejection. Long for 0.1628$ bounce (target 0.1900$, stop 0.1600$). R/R ratio downside 1:3 (from 0.18$ to 0.0200$ target), upside 1:2.2 (0.3024$). Wait for MTF confluence, volume confirmation required. This outlook is not investment advice – apply your own risk management. Aggressive longs are risky in downtrend; 0.1628$ invalidation opens further downside.