Graph Price Prediction for Today May 10 – GRT Technical Analysis

adminMay 11, 2024

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According to the graph price forecast, GRT is starting to resume its upward trend after touching a daily low of $0.29.

Graph prediction statistical data:

Current graph price – $0.30
Graph Market Cap – $2.8 billion
Graph Circulating Supply – 9.4 billion
Graph total supply – 10.7 billion
The Graph CoinMarketCap Ranking – 41st

GRT/USD market

Main level:

Resistance levels: $0.45, $0.50, $0.55

Support levels: $0.15, $0.10, $0.05

Graph Price Prediction for Today May 10 – GRT Technical Analysis — GRTUSD – daily chart

GRT/USD looks green today as the coin crosses above its 9-day and 21-day moving averages. However, a bullish move towards the upper boundary of the channel could push the graph price up to $0.35. However, traders should note that as bulls increase their positions, continued price increases may attract more buyers to the market.

Graph Price Prediction: Prices may start rising.

The price on the graph has been trending sideways for the past few days, but bulls have reopened the market and started pushing the coin towards the resistance level of $0.35. Moreover, the daily chart shows that the coin may rise if the 9-day moving average crosses the 21-day moving average.

Meanwhile, bears could leverage the coin towards the lower border of the channel. However, if the graph price stays above the moving average, it may surge towards the upper border of the channel. Beyond this barrier, it could reach resistance levels of $0.45, $0.50, $0.55, but then cross below the lower boundary of the channel. Take the price down to the support levels of $0.15, $0.10 and $0.05.

GRT/BTC is bullish.

Graph price vs. Bitcoin is hovering above the 9-day and 21-day moving averages. However, intraday trading is bullish as the coin crosses the upper boundary of the channel and reaches resistance levels above 640 SAT.

Conversely, if sellers pull the market below the moving average, a bearish move to the downside could push this coin towards support below 320 SAT. Meanwhile, the 9-day moving average remains above the 21-day moving average, suggesting a bullish signal.

However, @AltCryptoGems shared insights with his extensive following of over 411,000 on X (formerly Twitter), noting that The Graph is demonstrating resilience amid market turmoil. While many assets are teetering, $GRT remains firmly entrenched in its support zone. It also appears to be forming a bullish accumulation triangle, suggesting potential upward momentum. If a higher low (HL) is formed again, it could be a favorable entry point.

Request #3 – $GRT 📊
Honestly, the graph here doesn’t seem bad. While most markets are collapsing, $GRT We have this area of support.
As you can see, it is forming a sort of bullish accumulation triangle.
If we organize another HL, it would be a great participation! 🤞 pic.twitter.com/iQnNqmRR0U
— Shuul | AltCryptoGems (@AltCryptoGems) May 8, 2024

Alternatives to Graphs

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