chart price Analysis shows balanced emotions. The bulls are trying to push the price higher, but the bears’ downward momentum is preventing any significant price action. There is not much volatility in the graph market today.
Looking at the heat map of cryptocurrencies, we can see that the market is mostly blue. However, BTC is only up 0.26% of him, so the volatility isn’t that great. ethereum I barely stay below 1%. This indicates that the market is indecisive and could turn positive or negative in the next few hours.
Graph 24 hour price movement
The chart has just risen above $0.1046 over the last 24 hours. A large resistance was encountered here and the price fell before setting a new resistance at $0.1033. However, it reached the current point after rebounding from $0.1012. Therefore, if the bull becomes exhausted, it can easily return to the same level.
The RSI level in the 1-hour The Graph price analysis doesn’t paint a particularly positive picture. Additionally, the MACD is also on the green, and its strength slowly diminishes.
This shows that The Graph is up and running and could easily break below $0.104 in the next few hours.
At the same time, The Graph’s overall market capitalization is now at $715,951,974, up 2.30% from yesterday. However, trading volume has decreased by a whopping 17.05%. This sets the volume to market capitalization ratio to 0.04442.
4 Hour Chart Price Analysis: GRT/USD Continues to Flatten
The 4-hour chart shows that The Graph’s price analysis has corrected sideways over the past two days. However, the bulls are trying to push it to the 0.1067 mark, setting previous highs on the 4-hour chart. But is it possible? Given the current scenario, it seems unlikely.
The crypto market is very indecisive today. It looks like a tug-of-war, but the momentum can favor one side or the other. However, the chart has remained consistently bearish, with a significant drop over the last month. It’s more or less dependent on the larger market sentiment.
Graph Price Analysis: Conclusion
The price analysis on today’s chart is somewhat balanced, but the bulls are slowly exhausting themselves. After rebounding from $0.1012, it briefly rose, but again he is struggling to reach $0.1162. Now is not the best time to invest in The Graph in the short term.
While we wait for the chart price analysis to take a more decisive turn, check out some listings. new coins coming to coinbase.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com accepts no liability for investments made based on information provided on this page. Independent research and/or consultation with a qualified professional is strongly recommended before making any investment decision.