![Shining a light on the Moonbeam [GLMR] trend in Q2 and Q3 2023](https://i.headtopics.com/images/2023/5/14/cryptoamb/shining-a-light-on-the-moonbeam-glmr-trend-in-q2-a-shining-a-light-on-the-moonbeam-glmr-trend-in-q2-a-1657756402390032386.webp)
The higher timeframe bias of Moonbeam remained extremely bearish on the price charts, despite the incongruence the OBV posed.
As Polkadot’s Ethereum-compatible smart contract para chain, the purpose of Moonbeam is to allow developers to construct Solidity apps in a Substrate environment.
The losses in April saw GLMR sink below $0.35, and the steady downtrend saw prices fall below the $0.317 level on 8 May. Therefore, despite the 80% rally in January and February, the evidence showed that the former higher timeframe downtrend was not broken. Since then, the OBV has only trended downward gently. It did not correspond with the pace that the prices have fallen. This could be an incongruence for bulls to watch out for, as it was a bullish OBV divergence. It hinted at the chance that recent bearish sentiment forced prices lower but was not accompanied by a large volume of sellers. The inference was that prices could recover upward quickly in the event of short-term bullishness across the crypto market.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Iraq expects TotalEnergies to begin US$27-billion project in second half of 2023An Iraqi deputy oil minister said TotalEnergies and the Basra Oil Company ‘are now in the process of finalizing some contractual procedures and documents necessary to activate the contract’
Lire la suite »
Cariboo court docket: May 5-10, 2023Sentences for offences committed in Quesnel, Williams Lake, 100 Mile House and areas
Lire la suite »
2023 Esquimalt Buccaneer Days kicks offA popular community event is returning to Esquimalt this weekend.
Lire la suite »
Who deserves to win the 2023 Vezina Trophy?Ullmark, Hellebuyck and Sorokin are the three finalists for the 2022-23 season.
Lire la suite »
Eurovision 2023 hits Liverpool with Ukraine at centre of activityThe contest should’ve held in Ukraine this year after the country’s Kalush Orchestra won in 2022, but Russia’s invasion made that impossible
Lire la suite »