The post GRT Price Analysis: Closer To Tip, Will GRT Price Break The Triangle To Aim $0.20 appeared first on Coinpedia Fintech News Following the 288% recovery. In the early days of 2023, the GRT prices failed to exceed the $0.20 mark resulting in a declining trend. The declining...
The post GRT Price Analysis: Closer To Tip, Will GRT Price Break The Triangle To Aim $0.20 appeared first on Coinpedia Fintech News
Following the 288% recovery. In the early days of 2023, the GRT prices failed to exceed the $0.20 mark resulting in a declining trend. The declining rally found constant support at the $0.10 support range. It also leads to multiple bullish attempts to regain the uptrend momentum.
However, the declining trend led to a triangle formation. Consolidation within the symmetrical triangle pattern, the GRT prices are down by 47% from the previous swing of $0.20.
Currently, the GRT prices are trading at $0.1101 and take support at the 38.20% Fibonacci level. The price trend comes closer to the tip of the triangle pattern projecting a high possibility of a breakout shortly.
Presently, the Graph price is down by 1.61% in the last 24 hours and presents a bearish candle endangering the support zone at $0.10. Coming to the volumes, a declining trend projects a potential bounce back.
The RSI line maintains a falling trend and creeps under the halfway line.
Considering the prices manage to sustain above the $0.115 support level, a positive breakout can lead GRT prices above the $0.15 mark, close to the 61.8% Fibonacci level. The unleashed momentum can fuel a new bullish rally to the $0.20 psychological mark.
On the flip side, a breakdown can plunge the GRT prices by 20% to test the 23.60% Fibonacci level at the $0.0886 mark.