- The GRT token chart shows a bullish crossover of the 20-and-100-day EMA
- The GRT/BTC pair traded at 0.00001639 BTC, with a gain of 11.22%
- The 24-hour trading volume in The GRT token is $585.6 Million, indicating a 209.6$ hike
October has been a great month for the GRT investors. The GRT’s price in these 25 days has surged more than 70%. Furthermore, today, the token price has reached the crucial resistance of $1.08. If this rally manages to breach this resistance level, the GRT trader can expect even more gains from this token.
The EMA’s indicate the GRT token is bullish, as its price is trading above the crucial EMA of 20, 50, 100, and 200. Moreover, the chart also shows a bullish crossover of the 20 and 100 EMA, encouraging the ongoing rally.
The RSI value is 72, indicating a bullish sentiment within the GRT token. Moreover, the RSI chart shows a steady growth similar to the token price.
The GRT Token displays a rounding bottom pattern.
The GRT token price shows the formation of a rounding bottom pattern in the 4hour time frame. This pattern has its crucial resistance (neckline) level at the $1.08 mark, and the crypto traders should till the price provides a proper breakout from this level to trigger an entry signal for a long trade. The current price of the GRT token is $1.04, with an intraday gain of $10.67.
The nearest resistance level for GRT price is at $1.08, followed by the $1.61 mark. In case the rejects from the $1.08 resistance, the nearest support for the token will be at $0.95
Conclusion: From a technical perspective, the GRT token indicates an overall bullish trend. Moreover, the chart suggests that the token could continue its uptrend if the price could break out from the $1.08 resistance.
Resistance: $1.08, $1.66