- The Graph coin price is increasing upwardly, around 5.8%, during the intraday trading session.
- The 24-hour trading volume is at $336 million.
- GRT/BTC pair is also trading positive by 2.6% at 0.00002015 BTC.
The daily technical chart and price action of the Graph coin present an upward trend. According to the pivot levels, the initial support level is $1.35. On another view, if it races up, the resistance level to watch is $0.85. Although the chart creates a bullish harami candlestick pattern within the day, it is foretold that the price may continue upside with medium dependability.
Ichimoku Cloud is composed of lead-1 and lead-2 with a displacement value of 1. It operates as a leading indicator and pivot level of asset price changes. Investors can witness the price break above the Red Moku Cloud, and now it glides over the Green Moku Cloud, so the cost is above the Green Moku Cloud, ensuring the upward trend of GRT.
The volume of (25.84M) is below the MA of 20-days (62.81M). In conclusion, the volume is moderate and increasing, making its price struggle at the resistance zones. Investors may also note that the volume bars on the chart are inclining, which hints that striking volatility is awaited in the upcoming trading session.
A Stochastic RSI (bullish) value of K-68 D-49 shows a buy signal for this currency. Investors may observe a steep slope and positive crossing on the index. It can maintain a favorable zone for future trading sessions.
Graph Coin Increase in Momentum Observed
Graph coin today’s price is $1.04, with a 24-hour trading volume of $336,571,099. The cost of GRT has increased by 5.8% in the past 24 hours. There are 5 billion GRT coins in circulation, with a total of 10 billion. The Stochastic RSI indicator shows a buy sign, and the traders have led to moderate volume. Technically, the price resides around the resistance zones and continues in a higher trend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $1.35
Support Level: $0.85