Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,092)
  • Analysis (2,255)
  • Bitcoin (2,855)
  • Blockchain (1,741)
  • DeFi (2,058)
  • Ethereum (2,048)
  • Event (71)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,102)
  • Press Releases (10)
  • Reddit (1,508)
  • Regulation (1,970)
  • Security (2,730)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • Fidelity Buys $154.6 Million of Ethereum as Analysts Expect to Hit New Highs Despite Outflows
  • What’s preventing Michael Saylor from putting in a massive short, and selling all his BTC?
  • Canaan is gaining momentum, but is it a smart entrance now?
  • Coinbase gives in to pressure – finally lists rival Binance’s BNB amid listing drama
  • Ethereum Beware: Analyst Says Next XRP Bull Market Could Be Deadly
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Altcoins»Graph Gains 28% in One Week: Will Bull Domination Continue?
Altcoins

Graph Gains 28% in One Week: Will Bull Domination Continue?

September 24, 2024No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Grt Featured.webp.webp
Share
Facebook Twitter LinkedIn Pinterest Email


AvatarAvatar

Journalist

Published: September 24, 2024

  • GRT exhibits a bearish market structure on a daily basis, despite strong short-term gains.
  • Moving averages signaled that the long-term downward trend was still in effect.

The Graph token (GRT) has been performing well since last Monday. Like the rest of the cryptocurrency market, the token has seen double-digit price gains. It remains to be seen whether the bulls can defend these recent gains.

While the short-term bias has been bullish, the long-term trend has been bearish. Performance since June has favored sellers, and bulls may not yet have the strength to force a significant rally.

Chart is about to surpass August highs

The graph 1 day graphThe graph 1 day graph

Source: GRT/USDT on TradingView

The Graph token performed well over the past week and headed towards the local resistance level at $0.18. The RSI was at 65 and has been rising since the second week of September.

This shows that the bullish momentum has strengthened. The CMF also recovered from -0.05 to reach +0.31, a value that the indicator had not seen since February.

This indicates a strong flow of capital into the GRT market, which could strengthen bullish efforts to break the $0.18 resistance.

Simple moving averages captured the essence of the downtrend. The faster 50-day moving average was still below the 100-day moving average, meaning the recent upward move needs to be sustained for a longer period of time to break the downtrend.

The lack of sales during the slight price decline was encouraging

The Coinalyze chartThe Coinalyze chart

Source: Coinalyze

Over the past week, both the price and open interest have increased, indicating bullish sentiment. Speculators are eager to invest long-term on GRT. This is a market-wide phenomenon that has occurred following the resurgence of Bitcoin.


Is Your Portfolio Green? Discover The Graph Profit Calculator


Other assets saw their spot CVD remain in a sideways trend, meaning the rally was not supported by spot demand.

The Graph token has seen strong demand in recent days and low selling pressure. The funding rate was also positive.

Disclaimer: The information presented does not constitute financial, investment, trading or other types of advice and represents the opinion of the author only.

Next: Will BNB Finally Break $600 as CZ Returns This Week?



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMTT Sports participates as Platinum Sponsor at Token 2049 Singapore and launches “One Week, One Bitcoin” initiative
Next Article Sygnum obtains license in Liechtenstein to expand its crypto services in the EU

Related Posts

Altcoins

Coinbase gives in to pressure – finally lists rival Binance’s BNB amid listing drama

October 16, 2025
Altcoins

MetaMask partners with Polymarket to add prediction markets

October 16, 2025
Altcoins

Solana Eyes KEY Resistance Amid $192M SOL Whale Transfer!

October 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

WOW Summit Hong Kong 2025 Concludes, Cementing the City’s Status as a Global Tech Epicenter

October 15, 2025

Hong Kong once again became the heartbeat of global innovation as WOW Summit Hong Kong…

Event

bepay money to Launch $1 Million Bitcoin Rewards Program at Invest Payments & Banking Forum Dubai 2025

October 13, 2025

 Global Cross-Border Payment Platform Partners with Giakaa Capital to Engage $1 Trillion+ AUM Representatives and…

1 2 3 … 57 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Coinbase gives in to pressure – finally lists rival Binance’s BNB amid listing drama

October 16, 2025

MetaMask partners with Polymarket to add prediction markets

October 16, 2025

Solana Eyes KEY Resistance Amid $192M SOL Whale Transfer!

October 15, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 110,899.71
ethereum
Ethereum (ETH) $ 4,003.09
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,193.14
xrp
XRP (XRP) $ 2.40
solana
Solana (SOL) $ 193.11
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,999.92
tron
TRON (TRX) $ 0.322298
dogecoin
Dogecoin (DOGE) $ 0.196991