- The Graph price has fallen back inside the consolidation phase at 2021 lows with a strong bearish move.
- GRT crypto has slumped below 20, 50, 100 and 200-days Daily Moving Average.
- GRT/BTC çifti, gün içi %0.000004876 düşüşle 7.37 BTC'de.
Since May 15th, the graph price has been consolidating within a range-bound zone. The prolonged bear market situation has caused Bitcoin to falter at the psychological level of $20000, and other cryptocurrencies are suffering as a result. Some alternative cryptocurrencies are trading at all-time lows and are fighting for survival. The cryptocurrency market saw panic selling as a result of this existential crisis. Investors are attempting to hang onto their respective holdings despite the cryptocurrency’s significant volatility. As it falters at an all-time low, GRT is one of the digital currencies going through an existential crisis. Investors in cryptocurrencies need to be as resolute as those with diamond hands at this chaotic period. Diamond-handed people won’t sell their investments so easily.
The graph price is CMP at $0.105 right now, and in the previous day, it lost 13.82% of its market value. However, during the intraday trading session, trading volume has marginally fallen by 1.87%. This suggests that traders are being approached by sellers looking to withdraw GRT coin. Volume to market cap ratio is 0.2471.
GRT coin price is trading with strong downtrend momentum over the daily price chart. The crypto asset has fallen back inside the consolidation phase at 2021 lows due to the ongoing bear market. GRT coin price must accumulate buyers in order to surge back towards the upper price range of the consolidation phase. Meanwhile, volume change can be seen below average and needs to grow for GRT coin to surge over the daily chart.
When will GRT Recover back?
The Graph price is trading with strong downtrend momentum over the daily price chart. GRT coin must gather support from buyers in order to surge towards the upper price range of the consolidation phase. Technical indicators suggest the downtrend momentum of GRT coin.
Relative Strength Index showcases the downtrend momentum of GRT coin. RSI is at 38 and is heading towards the oversold territory. MACD exhibits the bearish momentum of the GRT coin. The MACD line is below the signal line after a negative crossover. GRT yatırımcıların günlük grafikte herhangi bir yön değişikliğini beklemesi gerekiyor.
Sonuç
Since May 15th, the graph price has been consolidating within a range-bound zone. The prolonged bear market situation has caused Bitcoin to falter at the psychological level of $20000, and other cryptocurrencies are suffering as a result. Some alternative cryptocurrencies are trading at all-time lows and are fighting for survival. The cryptocurrency market saw panic selling as a result of this existential crisis. Investors are attempting to hang onto their respective holdings despite the cryptocurrency’s significant volatility. As it falters at an all-time low, GRT is one of the digital currencies going through an existential crisis. Meanwhile, volume change can be seen below average and needs to grow for GRT coin to surge over the daily chart. Technical indicators suggest the downtrend momentum of GRT coin. GRT investors need to wait for any directional change over the daily chart.
Teknik Seviyeler
Destek Seviyesi: 0.095 $
Direnç Seviyesi: 0.12 $
Feragatname
Yazar veya bu makalede adı geçen kişiler tarafından belirtilen görüş ve görüşler yalnızca bilgilendirme amaçlıdır ve finansal, yatırım veya diğer tavsiyeleri oluşturmaz. Kripto varlıklarına yatırım yapmak veya alım satım yapmak, finansal kayıp riskiyle birlikte gelir.
Source: https://www.thecoinrepublic.com/2022/08/19/the-graph-price-analysis-bearish-rally-continues-as-grt-ends-up-back-inside-the-consolidation-phase-at-2021-lows/