2026-01-09 11:24:48

The recent trend of GLM coins has shown a quite interesting technical pattern—descending wedge. More importantly, the breakout and retest of this pattern have already been completed on the daily chart✅

What does this mean? From a technical perspective, a relatively strong upward movement may follow. Based on the operational characteristics of this pattern, GLM is expected to test the $0.4200 level upward.

Of course, short-term technical opportunities like this are always full of variables, and the market's actual performance often exceeds expectations. However, based on the current candlestick structure, it is indeed worth paying attention to the subsequent performance of this direction. The volatility of the crypto market is inherently high, and such pattern breakouts often bring many trading opportunities.

GLM0,39%

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MidnightSeller

· 01-12 11:12

Has the breakdown retest been completed? Is this one reliable? The pattern I mentioned last time is the same, and the result was... uh...

Let's wait and see if it can really reach 0.42. If it can stabilize above that, it might be interesting.

The technical aspect looks good, but I'm just worried that a single news story overnight could suddenly crash it.

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ProxyCollector

· 01-12 10:29

$0.42, it looks a bit uncertain. I'll wait for the retest to stabilize before following.

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OnchainDetective

· 01-12 07:54

The wedge breakdown pattern we've all seen before, but I don't know if this time can push strongly to 0.42... It depends on the market sentiment.

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NFTDreamer

· 01-09 11:52

The breakdown and retest of the descending wedge pattern is complete. I've heard this routine too many times before.

Can GLM really surge to 0.42? It depends on the market sentiment. Anyway, I'm just watching for now.

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RugpullAlertOfficer

· 01-09 11:51

I'm tired of the wedge breakout explanation. Every time they say there's momentum, but what’s the result?

Let's see if 0.42 can hold first. Right now, they're hyping it up, but when it's time to cut the leeks, they'll be cheering even louder.

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GateUser-6bc33122

· 01-09 11:51

The wedge breakdown narrative, why do I feel like every project is talking about it? Anyway, just see if it can hold above 0.42.

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GateUser-a5fa8bd0

· 01-09 11:49

The breakdown of the descending wedge pattern is something I've seen several times. To put it simply, it's a game of probabilities. Whether you can catch the 0.42 level depends on market sentiment.

Can this wave go up? I don't know. Anyway, with high volatility, you need to be prepared for stop-losses. Don't follow the herd.

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ILCollector

· 01-09 11:33

Falling wedge breakout? Can GLM reach 0.42 this time? It's a bit uncertain.

If GLM really breaks the level, then I'll accept it, but I've seen this pattern many times before with repeated false signals.

Wait, a perfect technical pattern doesn't necessarily mean the market will follow; this wave isn't certain.

0.42 sounds good, but I'll wait and see. What happened to the "must rise" prediction last time?

Wedge breakouts are inherently high risk. Could it be another false breakout?

Alright, I'll keep an eye on it. If it really happens, I'll jump in. Anyway, I've already accumulated quite a few losses.

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BlockchainTalker

· 01-09 11:29

actually, if we examine this wedge breakout through the lens of market microstructure... the daily retest is compelling, ngl. but here's the thing—empirically speaking, these setups fail ~40% of the time when macro headwinds hit. caveat emptor, fr fr

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