Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • DappRadar’s RADAR cross-chain staking is live   |   01 Jul 2022

  • Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising   |   01 Jul 2022

  • Where to buy LUNC coin   |   01 Jul 2022

  • Report: Short Bitcoin ETF attracting a lot of attention   |   30 Jun 2022

  • Where to buy USTC coin   |   30 Jun 2022

  • Major advocate of Bitcoin Cash accused of default: BCH price sinks 7%   |   30 Jun 2022

 
Home» Markets»The Graph (GRT) jumps 17% as BTC rebounds above $46k

The Graph (GRT) jumps 17% as BTC rebounds above $46k

rocketman 15 Aug 2021 Markets Comments Off on The Graph (GRT) jumps 17% as BTC rebounds above $46k 156 Views

GRT is one altcoin that has rallied harder since BTC rebounded to above $46,000

The Graph price (GRT) has hit a new weekly high at $0.95. Bulls are currently trying to break higher, as Bitcoin’s and Ethereum’s surges have a favorable effect on the altcoin markets.

The indexing protocol token’s price has risen by over 36% in the last week, and more than 57% in two weeks. GRT currently trades at $0.93

Is it possible for The Graph to go up and exceed $1.00 within the next two trading days? Let’s take a look at the GRT prices from a technical standpoint.

The Graph price outlook

GRT/USD lost some of its early morning gains due to profit-taking limits upside moves. However, buyers seem to have the upper hand.

The 4-hour chart shows that the moving average curves are upwardly sloping, which suggests further strength for a bullish continuation.

The Awesome Oscillator confirms bulls have momentum as the bullish histogram keeps increasing within the bullish area.  If the price is above the $0.95 threshold, it could reach $1.00 where bulls will be at the May level. 

Chart for GRT/USD 4 hours Source: TradingView

GRT/USD’s technical picture suggests that a breakout could lead to the token’s price rising 33% to 1.618 Fibonacci levels of the swing from $0.97 – $0.44. The $1.31 target level is the most likely, but there are also possible gains at $1.40 and 1.50.

If the price cannot break the resistance of $0.95, immediate support is located around the $0.89 support zone. Below this anchor, the 20 SMA ($0.82) is visible and the 50 SMA ($0.75) is visible. 

Chart of the GRT/USD daily. Source: TradingView

Daily charts also show four consecutive higher closes with the formation a three-outside up candle formation. The market was somewhat indecisive this week but has since turned around with positive moves and a golden crossing formation.

According to the Awesome Oscillator, the bulls are clearly in the ascendency. Bulls could target the $1.85 2.618 Fib Retracement Level ($1.85) if the bulls break above the $1.31 level, and maintain upside momentum for the next few days. 

Bears will seek to break down at current price levels if possible. Their initial targets are the 0.5 Fib ($0.70) or the 0.236 Fib ($0.57).

46k BTC Graph GRT jumps rebounds 2021-08-15
Tags 46k BTC Graph GRT jumps rebounds
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

ADA price soars as Cardano investors eye smart contracts

Next Article :

Weekly Roundup of Cryptocurrency News – 13/08/2021

Related Articles

DappRadar’s RADAR cross-chain staking is live

DappRadar’s RADAR cross-chain staking is live

rocketman 01 Jul 2022
Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

rocketman 01 Jul 2022
Where to buy LUNC coin

Where to buy LUNC coin

rocketman 01 Jul 2022

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

DappRadar’s RADAR cross-chain staking is live
Markets

DappRadar’s RADAR cross-chain staking is live

rocketman 01 Jul 2022
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • DappRadar’s RADAR cross-chain staking is live

    DappRadar’s RADAR cross-chain staking is live

    rocketman 01 Jul 2022
  • Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

    Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

    rocketman 01 Jul 2022
  • Where to buy LUNC coin

    Where to buy LUNC coin

    rocketman 01 Jul 2022
  • Report: Short Bitcoin ETF attracting a lot of attention

    Report: Short Bitcoin ETF attracting a lot of attention

    rocketman 30 Jun 2022
  • Where to buy USTC coin

    Where to buy USTC coin

    rocketman 30 Jun 2022

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

DappRadar’s RADAR cross-chain staking is live

DappRadar’s RADAR cross-chain staking is live

Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

Here’s why Terra Luna Classic (LUNC) and USTC are suddenly rising

Where to buy LUNC coin

Where to buy LUNC coin

Report: Short Bitcoin ETF attracting a lot of attention

Report: Short Bitcoin ETF attracting a lot of attention

Where to buy USTC coin

Where to buy USTC coin

Tags

Bitcoin BTC buy CEO crypto cryptos gained heres Major market places price today token top
© Copyright 2021, All Rights Reserved