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The Graph Token(GRT) Technical Analysis: GRT Price Poised for a 23% Upswing!

GRT Technical Analysis

Key Takeaways

The Graph Token(GRT) Technical-Analysis for Today: 14 March 2022

After consolidating for some days, the GRT price has ignited a serious uptrend which is currently uplifting the price towards the upper resistance area. No doubt the asset is experiencing constant rejections, yet the asset appears to be poised to clear these levels at the earliest. 

Currently, the buyers seem to be aggressive despite the sellers trying hard to capitulate to the market. And hence after a strong brawl, the buyers may be successful to drag the price out of the consolidation and attempt to hit $0.4 to end the day’s trade on a bullish note. 

The Graph Token(GRT) Technical Analysis at a Glance

Despite a strong bullish kick-start for the month, the price underwent a huge bearish trend in between. However, the asset managed to rebound strongly forming constant higher highs and lows. Currently, the price is attempting to test the immediate resistance around $0.4 slicing through the trend line. However, the possibilities of a pullback may not be neglected as the bears still appear pretty strong.

Short-Term The price after raising high to some extent may undergo a minor price drain as the bears are leaving no stones unturned to keep the price within the descending trend
Mid-Term GRT price is slowly rising high to maintain a steady approach, possibly to eliminate steep price variations. And eventually, the asset may end up slicing above the trend line and keep surging ahead
Long-Term The asset has flipped recently from the rock-bottom levels and is expected to keep up the bullish trend intact for some more time. 

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 55.8 / 49.6 Buy / Neutral 
MACD(12,26) 0.005 / -0.015 Buy / Sell
Average Directional Index(ADX) 24.09 / 32.05 Sell / Buy
Bull-Bear Power 0.0021 / 0.0507 Buy / Buy

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $0.34 $0.39
Moving Average(MA)-200 $0.33 $0.68
Resistance $0.3920 $0.4746
Support $0.3158 $0.2734

Oscillators

Oscillators Short-Term Long-Term
Stochastic Oscillator 62.8  34.4
Ultimate Oscillator 52.7  39.6
Average True Range(ATR) 0.0078  0.02
CCI 28.36  115.6

The GRT price in the short-term is somewhat bearish which may be flipped at any time from now. The price has surpassed the 50-day & 200-day MA levels and displays a huge bullish tendency to achieve immediate resistance at the earliest. However, attaining $0.4 levels, the price may be slightly above the danger zone. 

On the other hand, the price in the long term is currently neutral, waiting for the respective volume to decide the next leg, As the asset is not volatile in both the time frames, a steady rally may be expected. The strength of the rally is also expected to intensify soon which may display a strong uptrend shortly. 

Additional Read: The Graph Token Price Prediction

GRT /USDT Technical-Analysis for Short-Term

Source: Tradingview

Additional Read: Top Crypto News Today, 15 March 2022.

GRT/USDT Technical Analysis for Long-Term

Source: Tradingview

Where & How to Buy The Graph Token(GRT)

Investing in The Graph token is very easy and secure on CoinDCX. We are the country’s most trusted cryptocurrency exchange with a large variety of crypto assets. Along with huge benefits, we also offer multiple in-App benefits for a better trading experience. To start your journey with CoinDCX, just follow the 3 simple steps,


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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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