BTC$23 363.14


ETH$1 868.52




USD Coin


Binance Coin




Golem (GNT) Struggling With Resistance

March 2020

Golem is not the type of cryptocurrency, the price action, or potential gains from which would have traders lying awake at night. It is sitting close to the bottom of top 100, currently ranked 83rd, to be precise, and doesn’t belong to the cohort of the most prominent gainer, especially in the year 2019, during which Golem had decreased in value by 1,7% - not a lot, but certainly not the type of performance we would expect from the prospective coin.

GNT lays hopes on 2020

However, come 2020, GNT began silencing the skeptics by adding 88% in value over the period of the last 30 days. It had even outperformed Bitcoin by 73% and the currently powerful Ethereum by 24%. Perhaps this year would turn out to be the crowning moment for Golem after the bear market of 2018/2019, possibly bringing it a bit closer to the all-time high of $1.43, which is still 96% away. But first, Golem would have to break the highs of the previous year that had been established at the level of $0.11 that could prove to be a mighty strong resistance which, as you can see on the chart below, the price had punctured that level at least nine times before but to no avail.

1-week GNT/USDT chart

On the weekly chart, Golem shows signs of the commencing retracement that could transform into the bullish flag, the exit from which would probably catapult the price straight to the said level. But before that, the price could bounce around the flag channel, between $0.055 and $0.07. This scenario would come to fruition only if the overall bullish sentiment on the market persists, which is highly likely, given the steadily growing market capitalization and the overall trading volume.

Speaking of which, the daily trading volume of GNT is far from being stable as it is capable of leaping from $5 to $35 million, and then back to $9 million, in a matter of three days, causing large upper and lower wicks on the daily chart.

1-day GNT/USDT chart

The same chart shows the evident beginning of a retracement after ten consecutive days of growth. Once the price has hit the transitional maximum at $0.095, which was caused, in no small way, by the unnatural spike in trading volume on that day, it had lowered below a very distinctive resistance at $0.075, and then the bears began pushing GNT even lower.

Right now, we see the formation of a picture-perfect bullish flag that is yet to break out in either direction. However, there are several factors that indicate the possibility of the price dropping below $0.0062, which constitutes the lower part of the flag:

Firstly, the MACD line is about to cross the signal line down from the top, meaning that the bearish momentum would keep getting stronger;

Secondly, the 14-period RSI shows the inclination to move to the 50 neutral zone in order to counterbalance the oversold situation in which the coin had been for the first part of February.

But given that altcoins are still holding strong, the pullback of Golem could be short-lived, after which the price would make an attempt at an immensely strong resistance level at $0.11, which held from April until July of 2019.

Author: Alex Paulson for


Golem (GNT): Anticipating a Dropdown Upon Consolidation
Golem (GNT): Anticipating a Dropdown Upon Consolidation
Golem (GNT) Explodes After a Slow Recovery
Golem (GNT) Explodes After a Slow Recovery
Golem (GNT) Faces a Series of Obstacles
Golem (GNT) Faces a Series of Obstacles

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.2% 11 $23 363.14 -0.03% -2.65% $446 823 684 066 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 54 $1 868.52 1.92% -0.51% $227 993 947 896 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999977 -0.01% -0.04% $67 547 880 122 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999951 0.01% 0.01% $52 853 692 355 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 61 $303.33 -1.00% -6.38% $48 938 685 508 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 89.2% 10 $0.378717 0.24% -0.28% $18 700 123 577 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999950 0.02% 0.01% $18 538 747 093 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 84.8% 27 $0.528389 -1.39% -0.64% $17 930 371 507 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 32 $40.86 0.98% -4.45% $14 252 057 103 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 29 $0.077619 -3.50% 9.27% $10 297 802 123 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70.4% 62 $0.055681 -5.02% -9.31% $9 655 716 850 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.2% 51 $8.39 -0.08% -8.83% $9 297 483 290 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.4% 44 $0.000014 -4.14% 15.33% $7 806 235 316 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 82% 24 $0.893855 1.02% -2.98% $7 188 492 292 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.