GLMR Price Prediction

Moonbeam is Polkadot’s Ethereum-compatible smart contract parachain. Moonbeam makes it simple to build or redeploy Solidity projects in a Substrate-based environment using popular Ethereum developer tools.

On top of Substrate, Moonbeam provides an Ethereum-like environment (rather than a Geth-based solution). This allows developers to easily redeploy their existing smart contracts, using the same tools and integrations as before, while also benefiting from the modern Substrate framework on which all Polkadot parachains are built. The Moonbeam network allows developers who use Solidity or Vyper-based smart contracts to “go multi-chain” and expand their influence into the Polkadot ecosystem. Polkadot’s blockchain ensures seamless workload sharing on a new layer. Let us review the GLMR price

GLMR Price Prediction

GLMR Price

Bullish Scenario: The price of GLMR has risen above the $3.45 support level. We could see a retest of this level in the coming days, and if the $5.61 resistance level is broken, we could see a move towards $6.91, $8.41, and higher.

Bearish Scenario: On a shorter time frame, such as 4 hours, (4H), GLMR has been in an uptrend channel for a few weeks, but we can’t disregard the bearish altogether, and failure to hold the support levels of $3.45 and $1.22 might lead to a plunge to $0.24 and below.

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