One of the stars of this month The Graph (GRT) it happened. The price went up to $ 1.19, making it almost 100% from the 0.63 dollar zone. December November and December, the GRT, which performed so well in October, can show how it can perform. What scenarios await investors?
The Graph (GRT) Price Forecast
The current position of the price is considered favorable for the continuation of the rise. In the short term, the expectation of $ 1.65 will not be very optimistic. There is no serious resistance to the price in this region. GRT it has been moving upwards since October 1, when it broke out of a descending resistance line. This marked the end of the decline, which covered the entire September.
RSI and MACD it supports the upward movement of the price. The RSI, a momentum indicator, has been rising since the aforementioned break-even. On October 23, the RSI, which has risen above 70, confirms the overbought pressure. A significant part of the altcoin rallies are taking place above the RSI 70 region, accordingly The Graph (GRT bullish expectations have increased in the short term for China. The short- and long-term moving average (MA) is formed by MACD it is positive and increasing. This means that the short-term trend is faster than the long-term one.
The Graph (GRT) What are the Levels to Watch Out for?
The September peak of $ 1.05 was finally exceeded. This region should be closely monitored in the coming days. It can also be considered as a stopping point. The next target will be $ 1.65, up to this point the price is not expected to meet any serious resistance. @Incomesharks, one of the crypto currency analysts, confirms that the price is rapidly running to the target of 1.65 dollars.
The Graph (GRT), Bitcoin but it is not as successful as in USDT. But Bitcoin (BTC) he also seems to be ready for a new move on a case-by-case basis. First, the GRT broke out of a long-term descending resistance line. The latter, after initially deviating from the bottom, regained the horizontal area of 1500 satoshi (red circle). This is a bullish development, which is usually preceded by upward movements.
Also BTC as a result, the RSI rose above 50. If the rise continues, the price can be expected to walk up to the 2250 satoshi zone.