GRT/USD Keeps the Price Above $0.070 Resistance

The Graph price prediction shows that GRT is pushing higher with 11.12% gains as the coin spikes to the north.

The Graph Price Statistics Data:

• The Graph price now – $0.072
• The Graph market cap – is $502.4 million
• The Graph circulating supply – 6.9 billion
• The Graph total supply – 10 billion
• The Graph Coinmarketcap ranking – #73

GRT/USD Market

Key Levels:

Resistance levels: $0.100, $0.110, $0.120

Support levels: $0.040, $0.030, $0.020

GRT/USD is heading towards the upper boundary of the channel as the market touches the daily high at $0.075. During the European session, the Graph price spike above the 9-day and 21-day moving averages as the bulls prepare the coin for the upside movement. Meanwhile, the push to the upside could allow GRT/USD to climb back to the positive side. This bounce above the moving averages shows that the buyers may come to play out in the market.

The Graph Price Prediction: The Graph Price Ready for the Upside

At the time of writing, if the Graph price continues to follow the bullish movement, it may soon cross above the upper boundary of the channel. However, GRT/USD needs to see a shift in momentum, as the bulls may need to keep the price above the 9-day and 21-day moving averages. The nearest resistance level could be established above the channel, and a bullish breakout above the upper boundary of the channel could take GRT to the potential resistance levels of $0.100, $0.110, and $0.120 as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

Meanwhile, at the time of writing, GRT/USD is trading at $0.072 after holding above $0.070. On the contrary, a bearish cross below the 9-day and 21-day moving averages could bring the coin towards the lower boundary of the channel, which may cause the Graph price to hit the support levels of $0.040, $0.030, and $0.020 respectively.

Against Bitcoin, the Graph (GRT) continues to demonstrate positive signs within the descending channel. However, the trend may continue to follow the bullish movement in the long term as this could take the coin to higher levels. GRT/BTC is changing hands at 423 SAT above the 9-day and 21-day moving averages.

However, the resistance level is located around 500 SAT and above but any bearish movement below the moving averages could bring the coin to the closest support level at 320 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 70-level, suggesting additional bullish movement for the market.

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