GRT, a well-known altcoin in the Web3 indexing space, is currently trading near key support levels. Despite a 1.49% dip, the token shows signs of resilience, with volume and RSI hinting at a potential reversal setup.
๐ Technical Analysis
The 4H chart reveals a sideways-to-bullish trend, with price stabilizing above $0.0961.
- Support: $0.0961 and $0.0859
- Resistance: $0.1017 and $0.1206
- Pattern: Potential double bottom forming near $0.0961
- Volume: 40.99M GRT โ healthy, but not surging
- RSI (6): 56.32 โ leaning bullish, but not overbought
- MA(5) vs MA(10): Short-term MA catching up to long-term MA, signaling momentum shift
Short-term Outlook: Neutral to bullish if $0.1017 breaks with volume
๐ฐ Market Data & News
- Current Price: $0.0991
- 24h Change: -1.49%
- No major headlines, but consistent trading volume suggests active interest
๐ Scenario Breakdown
- Bullish Case: Break above $0.1017 with volume could target $0.1206
- Bearish Case: Drop below $0.0961 confirms downside toward $0.0859
๐ Sentiment Meter
๐ Neutral โ Range-bound, no clear direction
โ ๏ธ Risk Level
๐ก Medium โ Some signals align, but confirmation needed
Will GRT reclaim $0.1017 or revisit $0.0961? Drop your take below ๐
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๐ Comment your bias: Bullish or Bearish?
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โ ๏ธ Disclaimer: This is for educational purposes only and is not financial advice.