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- The GRT is facing a lot of Ups and Downs over the daily price chart
- The current price of the coin is around $0.1703 with a drop of 0.51% during the last intraday trading session
- The pair of GRT/BTC is around 0.000006905 BTC with a growth of 0.81% in the last 24 hours
The Graph is a promising cryptocurrency for investors as the coin was under the bullish dominance the coin was about to reach the desired goals the bears entered the trade manipulating the market of GRT. Now the bulls and bears are trying to dominate the market of The Graph investors are still hustling over the coin.
The current price of the The Graph is $0.1703 with a loss of 0.51% during the intraday trading session. The battle of the bulls and bears is affecting the coin over the daily price chart the bullish dominance of the coin could drive the price of the coin to reach the primary resistance of $.2029 and it could reach the secondary resistance of $0.2993. If bears attempt to dominate the market of GRT succeed the price may drop to the primary support of $0.1302 and it may also drop up to the secondary support of $0.0576. The investors are waiting for the price movement on the daily price chart.
The volume of the coin has increased by 8.58% in the last 24 hours which is the good news for investors. The selling pressure on the coin has decreased. The coin is trading above the 20,50,100,200 days of Daily Moving Average.
The Buyers dominance over the RSI of GRT
The technical indicator shows the following: The MACD and MACD Signal have collapsed giving the negative crossover. The current RSI is 58.21 and is in the over brought zone the buyers are exerting pressure over the RSI it seems that the RSI is returning towards neutrality. The sellers got active and the price started to follow a downward trend.
Conclusion
The Graph price analysis suggests that it is near the end of its bullish trend and sellers are coming in the majority to take over the armet from bulls. The volume of GRT has increased which shows that the traders have positive market sentiment towards GRT. RSI is declining in the overbought zone which indicates that the current bullish trend is near its end and MACD also showing signs of a negative crossover which is supporting the RSI, as per the technical indicators. This is a signal that long traders should close their trades in the market.
Technical Levels
Support Levels: $0.1302 and $0.0576
Resistance Levels: $0.2029 and $0.2993
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
