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- The current price of GRT is $0.1481 while seeing a change of 33.53% in 24-hour trading volume.
- The GRT price is observing an increase of 13.38% in the last 24 hours.
- The GRT price may see further increase of 19% in the coming days.
GRT price has recently seen an increase of more than 95% in the last few months while also crossing above all the major key averages. After giving a bullish crossover and making an extremely bullish candle pattern, the price gave a big movement and made an uptrend of more than 95%. It crossed above the 200 EMA, but the price couldn’t sustain above the 200 EMA.
The GRT price, after taking support from $0.0600 early-January, started moving on an uptrend while the 20 EMA also crossed over the 50 and 100 EMA. After taking support from the 200 EMA, the GRT price made a breakout with strong momentum and made a strong bullish candle pattern. The price took resistance at $0.2300 and after making a bearish dark cloud cover candlestick pattern, GRT lost 32% of its value.
The price is taking support from the 200 EMA with bullish price action (Daily Timeframe)
The overall market sentiments are currently in the greed zone near 57 points within the Greed and Fear Index, It observed an increase of 7 points since the last month when the market was trading at 50 points, according to the Alternative(dot)me, which is a platform that measures the market sentiments from different sources. The GRT price, as per Coinglass, is currently being overwhelmed by the sellers by around 52 to 56%.
Technical Analysis ( 1 Day Timeframe )
The price after crossing above the 200 EMA with an extremely bullish price action faced resistance at $0.2200 and made a bearish move while crossing below the 200 EMA. Because of heavy support from the buyers, the price took support from the 100 EMA and made a bullish recovery.
After a bearish correction, the price found support at 200 EMA. The GRT price is making a bullish piercing cloud pattern. If it continues to make bullish price action, it can give an uptrend of 21%. Its most recent support level is below $0.1390.
Technical levels –
Support -$0.3908
Resistance – $0.1284
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
