GLM is currently forming a Falling Wedge pattern on the daily chart, and the breakout has been confirmed. Based on the technical characteristics of this pattern, a strong upward trend is expected to follow. During this rebound, the price is likely to reach the target level around $0.4100. Falling Wedge patterns typically indicate that selling pressure from earlier is gradually weakening and buying momentum is building. Once the resistance line is broken, it often triggers a trend reversal. Moving forward, attention should be paid to whether trading volume can effectively support the move to ensure the sustainability of the upward trend.

GLM-1.5%
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