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GRT is trading at 0.0930 USDT, down over 70% from its September peak of 0.3600 USDT, reflecting a steep decline amid a broader crypto market dip (total market cap down 4.4% in the last 24 hours). The price is testing a critical support zone at 0.0900-0.0930 USDT, with bearish signals dominating: it’s below the moving average, and indicators like MACD suggest ongoing selling pressure. A falling wedge pattern hints at a potential reversal, but volume is needed to confirm any breakout. The market’s cautious mood amplifies GRT’s struggles, making this a pivotal moment.
Technical Indicators and Key Levels
Short-Term (4-Hour Chart):
Support: 0.0900-0.0930 USDT (critical), 0.0800 USDT
Resistance: 0.1000 USDT, 0.1200 USDT
Indicators: RSI near oversold (~30), MACD bearish. A hold above 0.0900 USDT could spark a bounce to 0.1000 USDT.
Long-Term (One-Year Chart):
Support: 0.0800 USDT, 0.0600 USDT
Resistance: 0.2000 USDT, 0.3000 USDT
Holding 0.0900 USDT is key for any recovery; below risks a deeper slide.
Potential Scenarios
Bullish Case: Hold 0.0900 USDT, break 0.1000 USDT with volume → target 0.1200 USDT (short-term), 0.2000 USDT (long-term).
Bearish Case: Break below 0.0900 USDT → test 0.0800 USDT or 0.0600 USDT.
Volume is critical—watch for spikes to confirm moves.
Broader Context and Tips
GRT’s role in decentralized indexing supports long-term value, but short-term risks loom. Traders should focus on 0.0900 USDT, a hold could signal a bounce, a break risks more downside. Use tight stops (e.g., below 0.0900 USDT for longs) and stay alert for volume shifts or news on adoption. Long-term, accumulating near 0.0900 USDT or 0.0800 USDT could pay off if the market turns.
GRT is trading at 0.0930 USDT, down over 70% from its September peak of 0.3600 USDT, reflecting a steep decline amid a broader crypto market dip (total market cap down 4.4% in the last 24 hours). The price is testing a critical support zone at 0.0900-0.0930 USDT, with bearish signals dominating: it’s below the moving average, and indicators like MACD suggest ongoing selling pressure. A falling wedge pattern hints at a potential reversal, but volume is needed to confirm any breakout. The market’s cautious mood amplifies GRT’s struggles, making this a pivotal moment.
Technical Indicators and Key Levels
Short-Term (4-Hour Chart):
Support: 0.0900-0.0930 USDT (critical), 0.0800 USDT
Resistance: 0.1000 USDT, 0.1200 USDT
Indicators: RSI near oversold (~30), MACD bearish. A hold above 0.0900 USDT could spark a bounce to 0.1000 USDT.
Long-Term (One-Year Chart):
Support: 0.0800 USDT, 0.0600 USDT
Resistance: 0.2000 USDT, 0.3000 USDT
Holding 0.0900 USDT is key for any recovery; below risks a deeper slide.
Potential Scenarios
Bullish Case: Hold 0.0900 USDT, break 0.1000 USDT with volume → target 0.1200 USDT (short-term), 0.2000 USDT (long-term).
Bearish Case: Break below 0.0900 USDT → test 0.0800 USDT or 0.0600 USDT.
Volume is critical—watch for spikes to confirm moves.
Broader Context and Tips
GRT’s role in decentralized indexing supports long-term value, but short-term risks loom. Traders should focus on 0.0900 USDT, a hold could signal a bounce, a break risks more downside. Use tight stops (e.g., below 0.0900 USDT for longs) and stay alert for volume shifts or news on adoption. Long-term, accumulating near 0.0900 USDT or 0.0800 USDT could pay off if the market turns.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.