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The Graph Price Analysis: GRT Coin Plunges 27% in a Month

  • The GRT coin price is in an uptrend, around 2.4%, during the intraday trading session.
  • The 24-hour trading volume is at $95 million.
  • GRT/BTC pair is trading neutral by 0.8% at 0.00001563 BTC.

Daily technical chart and price trend of GRT coin show a bearish trend. Based on the pivot level, the first support zone is 0.60 USDT. From another perspective, if it rushes, the resistance level to watch is 0.85 USDT. Thus, the graph made a bullish harami candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves below the red ribbon and 200-EMA, so it will guarantee a downswing in GRT until it’s below the ribbon.

Trading volume (6.662 M) is underneath the 20-day moving average (45.31 M). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The RSI indicator gave a signal (bearish) with 40, projecting a selling signal in the currency. Investors can observe an inclined slope from 35 to 40. It can arise in future trading sessions.

GRT Coin Price Action Suffers Selling Pressure

Graph price today is $0.665544 with a 24-hour trading volume of $95,034,165. The price of GRT has risen 2.4% in the last 24 hours. It has a circulating quantity of 5 billion GRT coins and a total quantity of 10 billion. The RSI points to a selling indication, and the traders have prompted low volume. In fact, the cost sustains above the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.

Resistance Level: $0.85

Support Level: $0.60

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.