GRT/USD could hold above $0.12 resistance.

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Graph’s price forecast shows that GRT could set up a bullish run if the market can hold the coin above the $0.12 resistance level.

Graph Forecast Statistics Data:

  • Graph price now – $0.11
  • Graph market value – 1.0 billion dollars
  • Graph distribution supply – 8.7 billion
  • The total supply of graphs – 10.5 billion
  • Graph Coinmarketcap rank – #52

GRT/USD market

Key steps:

Resistance levels: $0.15, $0.17, $0.19

Support levels: $0.09, $0.07, $0.05

Today's February 5 Graph Price Forecast: GRT/USD May Hold Above $0.12 Resistance
GRTUSD – Daily chart

GRT/USD is running a small retracement move of 3.27% above $0.11. Since the coin is making some gains, if the coin crosses above the upper limit of the channel, the graph price may follow a higher move. Meanwhile, if the bulls put more pressure on the market, traders can expect the price to rise.

Graph Price Prediction: GRT/USD may rise.

The graph price is based on the 9-day and 21-day moving averages at around $0.11. If the price continues to generate higher moves, traders can expect a continuation of the bullish trend to the upside. Meanwhile, as the technical indicator Relative Strength Index (14) moves in the overbought range, possible resistance levels can be found at $0.15, $0.17 and $0.19 in the long term.

However, if the coin sustains its bullish movement for the next couple of days, traders may witness further highs. Meanwhile, the graph price is trying to make a higher move in the short term. Conversely, any bearish movement below the moving averages could push the coin back to long-term support at the $0.09, $0.07 and $0.05 levels.

On Bitcoin, if buyers keep the coin above the 9-day and 21-day moving averages, the graph price may cross above the upper boundary of the channel. From the looks of things, there is a growing demand for volume and resistance to create a surge in the market. Currently, The Graph (GRT) is trading around 510 SAT. Conversely, traders can expect close support at 400 SAT and below.

GRTBTC – Daily Chart

However, if a bullish movement pushes the price above the upper border of the channel, the channel; Traders can confirm a bull run for the coin. Moreover, when the relative strength indicator (14) of the technical indicator moves above the 70-level, the closest resistance can be found at 600 SAT and above.

Graph options

The graph is currently trending steadily higher, currently trading at $0.11, and has risen about 3.27% over the past six days. A consolidation of this support is expected to help the coin reach $0.15 or higher, so it currently sits above the $0.10 support. On that note, the Meta Masters Guild pre-sale is still selling at a brisk pace, and has now raised $2.7m for planned future growth. However, if pre-sale MEMAG continues to sell at this rate, it will sell out before the deadline – so investors should act fast before it’s too late.

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