Token

Resistance

The Graph

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>GRT token price sustained on the 20-day EMA and is attempting a pullback.</a></li>
 <li><span>2</span> <a>Buyers are keen to retest the swing high of $0.2000 and are holding strength.</a></li>
</ul>
<p>The Graph Token (GRT) price witnessed a retracement from the highs of $0.2200 and is replicating profit booking in the recent sessions. Moreover, the price action displays lower low formation, and a trend reversal was noted. However, the token has retested its 200-day EMA mark and formed a hammer candlestick. Afterward, a rebound was witnessed and the token retained $0.1600, the support zone.</p>
<p>The GRT token price is trading at an essential zone of $0.1600 close to the 20-day EMA mark, where bulls are trying to retain bullishness and are willing for a rebound. Conversely, the sellers are looking for a throwback below $0.1500 to initiate a selloff. The trend is neutral and a short covering move is anticipated above $0.1650. Per the Fibonacci retracement levels, the GRT price has slipped below the 50% zone and is sustaining gains near the 38.2% zone.</p>
<p>This cryptocurrency’s price was $0.1618 at press time with an intraday gain of 1.43%, showing neutrality. Moreover, the trading volume increased by 14.10% to $44.65 Million, highlighting low investor interest. The pair of GRT/BTC was noted at 0.00000371 BTC, while the market cap is $1.19 Billion. Analysts are neutral and suggest that the token will retain bullishness and may catch $0.2000 soon.</p>
<h2 class="wp-block-heading" id="strong-the-grt-price-on-daily-charts-displays-retracement-strong"><strong>The GRT Price on Daily Charts Displays Retracement</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581.png" alt="GRT Price Prediction: Will GRT Attain a Rebound Above $0.1600?" class="wp-image-190653" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-581-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: GRT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, GRT price flipped from the top, hovering near the 20-day EMA support region and delivering selling pressure in the recent sessions. Amidst the market volatility, GRT price sustained on the 20-day EMA mark and gave low investor interest, leading to profit booking in the past sessions.</p>
<p>The RSI curve stayed in the oversold region, forming a negative divergence and suggesting a further downward move in the upcoming sessions. Moreover, the MACD indicator shows a bearish crossover and formed red bars on the histogram, suggesting the bears dominance.</p>
<h3 class="wp-block-heading" id="strong-the-grt-price-faced-rejection-from-supply-zone-on-weekly-charts-strong"><strong>The GRT Price Faced Rejection from Supply Zone on Weekly Charts&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580.png" alt="GRT Price Prediction: Will GRT Attain a Rebound Above $0.1600?" class="wp-image-190652" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-580-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><strong>Source</strong>: GRT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the GRT token price showcased a sharp rejection from the supply zone of $0.2220, and the token lost over 30% of gains in the past sessions. However, the token has held the gains and has not yet breached the 50-day EMA mark, which conveys positivity.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/01/29/opensea-nft-marketplace-leader-is-open-for-negotiation-and-sale/" target="_blank" rel="noopener noreferrer nofollow">GRT price</a> showcases a retracement and is hovering near the 20-day EMA support region, which acts as a barrier while attempting a pullback. However, the trend is neutral, and volatility was witnessed in the recent sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1500 and $0.1400</p>
<p><strong>Resistance Levels:</strong> $0.1700 and $0.1800</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>

GRT Price Prediction: Will GRT Attain a Rebound Above $0.1600?

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