Uptrend continued up until 8900 satoshi where price broke above the . The corrective wave down followed and currently Golem is trading just below the 200 Moving average but still the uptrend is being rejected. If Golem will not close below 4800 satoshi and the uptrend will hold, the next potential wave up could result in a 150% growth, where price could be reached 11.5k satoshi, at the 38.2% level.
On the other side, if the price will close below the 4800 sats it is possible that Golem once again will test one of the support levels, either 3100 or 3900 sats , before going higher. At this point, price looks very attractive for a medium-term buying opportunity with a relatively low risk.
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