Cryptopolitan
2021-08-30 02:28:37

The Graph price analysis: Bears pull GRT below $0.901 amid seesaw price strides

TL;DR Breakdown The Graph price analysis shows bears have successfully taken the price down.A 4.66 percent drop is observed in price today.Bulls are trying hard to preserve the support of $0.855. The Graph price analysis reveals a significant change of direction in the upward price trend. Since the start of August 2021 price went as high as $1.07, but bears have successfully broken the momentum, and GRT/USD lost 10.27 percent of value in the last week. As the weekly analysis is mostly bearish, however, chances of a bullish move still exist as the overall volatility decreases for the cryptocurrency, and bulls are on the lead again at the time of writing. GRT/USD 1-day price chart: Bearish attitude evident as price falls to $0.901 In the 24 hours The Graph price analysis chart, the bulls and bears are trying to compete by making a yoyo price trend, but bears are clearly defining the direction, as is evident by more red candlesticks in the last few days. The price is $0.901 with a support level of $0.855, which bulls are trying hard to preserve. The moving average (MA) is still above the price level at $0.951, a positive sign for crypto. GRT/USD 1-day price chart. Source: Trading view The Bollinger bands are an essential indicator in determining a crypto asset’s future. The upper Bollinger band is at the $1.072 mark, and the lower band is at $0.759, while the Bollinger bands average is at $0.915, which is again a good sign...

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