The Graph rejected 50 day ema and formed lower lows candle formation while the volume kept on decreasing.
MACD had generated a fresh negative crossover whereas RSI at 39 reversing upwards.
The Graph [GRT] had been reversing upwards with bullish cues forming a bullish green candle near to the support zones, while the previous few sessions were dominated by bears. As per coin glass, the Long and Short ratio stood at 1.05 indicating mild bullishness. Meanwhile, GNT/USDT is trading at $0.0570 with intraday gain of 3.45% and 24h volume to market cap ratio stood at 0.0278
GRT undervalued should we BUY or WAIT ?

Source:  GRT/USDT daily chart by Tradingview
On a higher time frame, The Graph had tried multiple times to sustain above 50 day ema (pink) but got rejection from the higher levels and dragged down forming lower low swings. In the end of July after the minor consolidation prices breakout $1.200 with a higher volume and gained some upside positive momentum but unfortunately it resulte

Czytaj więcej

We współpracy z: https://www.thecoinrepublic.com/2022/12/20/the-graph-grt-price-analysis-the-graph-at-52-week-low-of-0-0517-undervalued-or-not/