Crypto Market Movers: GLM, ASTR Surge in Last 24 Hours
Golem (GLM) +13.69%
Golem (GLM) is a decentralized computing network that allows users to rent out their unused computing power. It aims to create a global market for computing resources, enabling developers to run complex tasks more efficiently.
#GLM recently broke out of a consolidation phase with a notable 9.5% surge, pushing the price above the key support level of $0.2850. This breakout has triggered bullish sentiment among traders, with technical analysts eyeing a potential rally toward $0.33. The momentum appears driven by renewed interest in decentralized computing and growing adoption of Golem’s platform.
Given the current sustained price action above $0.2850, GLM looks poised for further upside in the short term. However, traders should watch for resistance near $0.33, which could cap gains if broader market conditions weaken.
Astar (ASTR) +10.35%
Astar (ASTR) is a multi-chain smart contract platform focused on supporting decentralized applications and Web3 projects across various blockchains. It has gained attention for its interoperability and developer-friendly environment.
#ASTR’s recent price surge is attributed not to speculative hype but to underlying macroeconomic trends and increased market confidence in DeFi initiatives. The token’s market cap spike reflects growing institutional interest and positive sentiment around high-yield DeFi projects built on Astar’s network.
Considering these fundamental drivers, ASTR’s upward momentum may continue as DeFi confidence rebuilds. However, investors should remain cautious of potential volatility amid shifting macroeconomic conditions that could impact risk appetite.
