Graph (GRT) Price Today: GRT Price Soars 9.2%; Is $0.5 Next?
On February 24th, the (Graph) GRT buyers arrested the downfall at $0.3 psychological level and rejected the price immediately. The altcoin surged 20% in the past four days, trying to breach the immediate resistance of $0.363. However, a genuine recovery needs the bulls to break and close above the $0.39 mark.
Key technical points:
- The GRT buyers breached a minor resistance level of $0.363
- The intraday trading volume in the GRT is $125.6 Million, indicating a 33.6% gain.
Source- Tradingview
On February 21st, the GRT sellers gave a deceive breakdown from $3.9 support. The following retest day indicates the support has flipped to resistance, resulting in a 20% downfall. The sellers pulled the altcoin to a $0.3 psychological level, but a sudden demand in the crypto market reverted the price, accounting for a 15% rejection tail.
Today, the GRT/USDT pair bounced back from the $0.33 mark, registering a 9.2% intraday gain. The coin chart shows crucial SMAs(20, 50, 100, and 200) are declining in a bearish alignment, indicating a downtrend.
The sudden price pump pushed the MACD fast line higher, approaching the slow line from below. This bullish crossover would trigger a buy signal for the traders.
GRT/USDT: 4-Hour Time Frame Chart
Source-Tradingview
Today’s GRT price jump would bolster the GRT buyers to breach the immediate resistance of $0.39. If they succeed, the traders would get their first sign of recovery and drive the altcoin 30% high to the $0.5 mark.
Contrary to the above assumption, if sellers mount stiff resistance at $0.39 and restrain the altcoin below. The selling pressure would accelerate and dump the price back to $0.33 support.
- Resistance levels- $0.39, $0.445
- Support levels are $0.33 and $0.3
- Peter Brandt Lists XRP Among Shorts Amid Crypto Market Crash
- Fed’s John Williams Backs More Rate Cuts This Year Amid Labor Market Concerns
- Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy
- Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH
- Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
- Solana Price Prediction as SOL DAT Company Plans 5% Supply Acquisition—Analyst Targets $1,300 Breakout
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
