Token

Glimpse

Resistance

The Graph

<ul class="list-ic vertical">
 <li><span>1</span> <a>GRT token chart reveals a halt and is struggling to top the prompt hurdle of $0.1600.</a></li>
 <li><span>2</span> <a>Buyers are yielding their grip and attempting to hold on to the 20 day EMA mark.</a></li>
</ul>
<p>The Graph (GRT token) forgot to scratch the resistance mark of $0.1700 and formed a double-top pattern. Moreover, the price action witnessed sellers’ attraction and buyers started securing profits because of the fear of losing out, which led to the retracement to the $0.1400 mark. However, the GRT token price is still above the key moving averages and near neutrality.</p>
<p>GRT token price took a pause and showed a healthy retracement in the past sessions. Furthermore, the GRT token price stayed above the 50% Fibonacci retracement zone and if the token sustains above the 20-day EMA mark, it will recuperate and may retest the swing high of $0.1800, followed by $0.2000.</p>
<p>GRT token has the prospect to cross the nearest burden of $0.1600 and may reach the bluesky zone above $0.2000 in the next few months.</p>
<p>The live price of the GRT token is $0.1413 with an intraday drop of 6.01% showing neutrality on the charts. Moreover, the trading volume increased by 7.22% to $104.19 Million and the pair of GRT/BTC is at 0.00000385 BTC. However, the market cap of Graph token is $1.02 Billion. Analysts have maintained a neutral rating and suggest a growth outlook for the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-will-graph-grt-token-retain-0-1800-mark-strong"><strong>Will Graph (GRT) Token Retain $0.1800 Mark?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627.png" alt="Graph (GRT) Forms Double Top Formation Will it Glimpse $0.1800?" class="wp-image-182294" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-627-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><strong>Source: GRT Token Price Chart By TradingView</strong>
  </figcaption>
 </figure>
</div>
<p>On the daily chart, the GRT token price produced a double top pattern and encountered rejection from the resistance mark of $0.1700. The technicals are indicating that the GRT token is trading close to the supply zone of $0.1700, from where a throwback was noted. Additionally, the GRT token has shown a tremendous vertical rally from the bottom zone of $0.0800 and needs a healthy retracement to continue the sensation.</p>
<p>The RSI curve stayed near 62, forming a positive divergence. This suggests that if GRT maintains the grip above 20-day EMA, it will soon reach $0.1800.</p>
<p>The MACD indicator showed a convergence of the MA line with the signal line and highlighted the volatility.</p>
<h2 class="wp-block-heading" id="strong-weekly-charts-shows-double-bottom-formation-strong"><strong>Weekly Charts Shows Double Bottom Formation</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626.png" alt="Graph (GRT) Forms Double Top Formation Will it Glimpse $0.1800?" class="wp-image-182293" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-626-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><strong>Source: GRT Token Price Chart By TradingView</strong>
  </figcaption>
 </figure>
</div>
<p>On the weekly chart, the GRT token formed a double bottom pattern and surpassed the 50-day EMA mark. Furthermore, the GRT token rebounded from the support zone of $0.0750 highlighting buyers’ accumulation.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/11/27/bittensor-price-forecast-will-bears-dominate-above-300/" target="_blank" rel="noopener noreferrer nofollow">Graph token price</a> showcased a double top pattern and faced rejection from the supply zone of $0.1650 which is acting as a strong barrier for the bulls. However, the token sustained above the key moving averages, highlighting the buying momentum. However, the token needs a healthy retracement to the 20-day EMA.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1400 and $0.1340</p>
<p><strong>Resistance Levels: </strong>$0.1700 and $0.1900</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Graph (GRT) Forms Double Top Formation Will it Glimpse $0.1800?

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