- The Graph Token Price is trading positively while forming the higher highs and lows pattern, with a below-average volume line.
- The crypto asset over the monthly chart is trying to move towards $1.00 levels and now struggling near the $0.85 short-term hurdle.
- The pair of GRT/BTC is trading at 0.0000129 BTC with an intraday gain of +3.89%, and the ratio of GRT/ETH is CMP at 0.0002125 ETH with a minor 24-hour change of +4.56%.
The Graph Token is trading under the strong bullish momentum while making higher highs and lows. GRT token, after a double top formation, has given a breakdown from the pattern and reaches near the lower levels. Moreover, the recovery from the lower levels created a strong bounce back from the oversold zone. Volume over the monthly chart is slightly lower and needs to grow strongly for the rally till the $1.00 mark. Support on the lower side is $0.6955 and $0.6200, whereas resistance on the higher side is $0.9600 and $0.9900.
The Graph Token over the weekly chart is heading towards the overbought zone
The Graph Token over the weekly chart is heading towards the overbought zone, with a slight recovery from the lower levels. The technical parameters are heading towards the higher levels, with recovery from the lower levels. Volume over the weekly chart is lower and needs a substantial increment for a sustainable bounceback. GRT price is trading at $0.8275 with an intraday gain of +7.11%, and the volume to market cap ratio is 0.0418.
Relative Strength Index (POSITIVE): The Graph Token RSI projects a bullish trend after a gradual selloff from the higher levels. In contrast, the coin is trading positive and heading towards the overbought zone and RSI at 68.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is trying to suppress the seller’s line (red), attempting a positive crossover.
Support levels: $0.6955 and $0.6200
Resistance levels: $0.9600 and $0.9900.