Best Gaming Crypto To Buy Now: GRT Crypto Price Prediction

2 months ago 25353

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GRT (The Graph) continues to show steady growth, with strong market performance and a positive outlook.

The technical indicators suggest a balanced market, with slight bullish tendencies.

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GRT Crypto Price Analysis

Current Price: $0.1417
Market Cap: $1.41 billion
24h Trading Volume: $644.17 million
Total Supply: 10 billion GRT
Circulating Supply: 8.838 billion GRT

Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, above $0.15 resistance, which could signal at least a temporary bullish trend reversal with +25% potential upside to $0.20. Stop Loss at $0.12.

This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.

Weekly Price Analysis

7-Day Change: +7.3%
Week Open Price: $0.1308
Week Close Price: $0.1417
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels.
Support and Resistance: Nearest Support Zone is $0.10. Nearest Resistance Zone is $0.15, then $0.20.

Indicators

Relative Strength Index (RSI): 58 (indicating a neutral market sentiment)
Moving Average Convergence Divergence (MACD): Positive, suggesting potential bullish momentum
Bollinger Bands: Price is near the upper band, indicating the asset might be overbought