Key Takeaways
- The GRT price closed the previous day’s trade at $0.3656 with a market capitalization of $1.69 billion and a circulating supply of 4.72 billion GRT
- The price is approaching a significant decisive phase and a strong push from here may uplift the price by more than 20%
- Else a consolidation may restrict the price below $0.4 for an extended period, not less than a week from now
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
- The GRT price after halting the descending trend some days before ignited its trend within an ascending parallel channel
- The price after rebounding from the lower support a couple of times has managed to rebound and hit the upper resistance
- No doubt it has faced rejection, yet quickly flipped from the bearish trend to absorb a strong uptrend and attempt to surge towards the resistance
- The price may keep up the bullish momentum and eventually break through the channel to achieve the immediate resistance levels by the end of the daily trade
- Further despite certain rejections, the asset could continue to move towards the north to validate the upturned
Additional Read: Top Crypto News Today, 15 March 2022.
GRT/USDT Technical Analysis for Long-Term
Source: Tradingview
- The asset in the HTF appears extremely bullish as the price is on the verge to break through the descending consolidation
- With a significant buying volume, the price ignited a flip a couple of days ago which has approached a decisive phase now
- The asset which was swinging within a falling wedge for the past couple of months may result in a strong rebound towards the immediate resistance just above $0.45
- However, the pivotal zones lie around $0.8 which currently is tough to achieve but may attempt to rise any time shortly.
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,
- Download the CoinDCX App on your smartphone
- Enter the required details
- On verification, just fund your wallet and buy your desired crypto
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.
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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