The Moonbeam Token price was in an uptrend from the October end of 2023 and symbolized growth over the period of time. The price surged from $0.1600 and reached $0.7200, but at the top, it faced some resistance due to the presence of the supply region and fell to form a support at the $0.4700 price mark.
Since the Moonbeam crypto has exhibited a sign of upcoming northward recovery as the price showed some positive momentum on a crucial level of around $0.4700 on the chart and the GLMR asset is exhibiting bullish strength and rising capacity as it breached dynamic resistance from below major 20-day and 50-day EMA band.
Moreover, the Moonbeam asset is displaying bullish behavior as MACD is at 0.009780, which is above the zero line with a histogram descending towards the zero line. Likewise, the RSI is not near the 70 level yet in the GLMR token, instead it is at 53.06 and approaches 14-SMA to cut from below.
At press time, the Moonbeam crypto is experiencing a surge of 1.12% in the last 24 hours, and currently trading at $0.5475.
Therefore, if the demand for the Moonbeam remains high, the asset price could surge towards the supply level from the current level. The next target for the price is to reach $0.7000, and surpassing this would open doors for $1.0, and more.
However, if the Moonbeam crypto price fails to stay above the $0.4700 level, it could decline further.
Since the Moonbeam crypto has exhibited a sign of upcoming northward recovery as the price showed some positive momentum on a crucial level of around $0.4700 on the chart and the GLMR asset is exhibiting bullish strength and rising capacity as it breached dynamic resistance from below major 20-day and 50-day EMA band.
Moreover, the Moonbeam asset is displaying bullish behavior as MACD is at 0.009780, which is above the zero line with a histogram descending towards the zero line. Likewise, the RSI is not near the 70 level yet in the GLMR token, instead it is at 53.06 and approaches 14-SMA to cut from below.
At press time, the Moonbeam crypto is experiencing a surge of 1.12% in the last 24 hours, and currently trading at $0.5475.
Therefore, if the demand for the Moonbeam remains high, the asset price could surge towards the supply level from the current level. The next target for the price is to reach $0.7000, and surpassing this would open doors for $1.0, and more.
However, if the Moonbeam crypto price fails to stay above the $0.4700 level, it could decline further.