- The price of the graph crossed the downtrend line last night two weeks later.
- On the daily chart, GRT prices are struggling to move above the 20-day moving average.
- Bitcoin pair graph tokens are down 3.2% at 0.0000005441 satoshis.
After the crash of Bird, Graf investors were finally able to reverse the unfavorable trend. Therefore, two weeks later, the price of the graph crossed the downtrend line last night.
Look for evidence of a short-term bullish surge to identify the buyer’s willingness to invest. In the event of a major breakout, the bulls will aim for today’s closing price. This could lead to prices above $ 0.30 and nearly $ 0.40 (volatility zone).
Following a positive breakout in a daytime trading session, GRT Traders are in the process of correction. Bulls need to maintain cryptocurrency prices above yesterday’s fluctuations, as this could potentially be a buyer’s trap.
GRT tokens were currently trading with a correction bias of $ 0.1615. If the buyer is unable to maintain a price above $ 0.15, the price will drop further to $ 0.10, which could drop from the lows.
Meanwhile, according to CMC, market capitalization has exceeded $ 1.1 billion, down 3.5% in the last 24 hours. In addition, Bitcoin pair graph tokens are down 3.2% at 0.0000005441 satoshis.
Bulls are struggling near 20EMA
Trading volumes exceeded $ 100 million last night, recording highly volatile sessions over the past month. On the other hand, on the daily chart, GRT prices are struggling to rise above the 20-day moving average.
The RSI indicator is moving to reach the semi-line (50 points), which is an important resistance region of the RSI peak.
The Graph Token had a bullish breakout, but as of today’s retracement phase, there may be uncertainty in the price of Altcoin.
Support levels – $ 0.12 and $ 0.10
Resistance levels – $ 0.20 and $ 0.30
The views and opinions expressed by the author or the people nominated in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.