<a href=https://bs3.direct/bacd5e64f>
<img src="https://s3.eu-central-1.amazonaws.com/affilka-b-public/b/mediumcontent/169/attachment/ae255467f4d675f896655fe6216ae33f.jpg">
</a>
- The Graph price prediction is bullish for the next month and suggests upside reversal is possible.
- GRT price is trying to climb the 50-day EMA to reverse the short-term trend.
- The Graph crypto price showed initial signs of a bullish trend reversal.
The Graph price prediction is bullish for October 2023. It suggests that buyers are active near $0.0800 and trying their best to rebound.
GRT price is near to the 50-day EMA and buyers are attempting to break the EMA hurdle. If they succeed, then the confirmation of the short-term trend reversal will be visible. However, the price is still below the 200-day EMA denotes the positional trend is still down.
For the past few weeks, GRT crypto has been stuck in a narrow range and formed a short-term base. So, the downside risk looks limited.
Recently, GRT price took support near $0.0761 and bounced back with a high volume. It recovered approximately 20% from the low and is trying to break the $0.0900 hurdle.
If the buyers succeed in breaking the $0.0900 hurdle, then a sharp rise may come which will take the price to $0.1100.
The Graph price is trading at $0.0877 with an intraday rise of 0.23%. The 24-hour volume to market cap is 2.44%. The pair of GRT/BTC is trading at 0.00000329 with a flat basis.
Will The Graph Price Continue the Recovery?
<img src="https://cnews24.ru/uploads/3a0/3a0fd649fc49477f893d3676e332b3dbd77dc0a3.png">
GRT/USDT daily chart by TradingView
The Graph price prediction favors the bulls and suggests a rise in the coming months. The bulls are being active and a minor sell-off is getting absorbed.
It indicates that buyers are returning to track. Meanwhile, the overall crypto market is recovering so it may positively impact the prices of GRT and other altcoins.
Zobrazit více >