Will GRT prices break below this triangle and $0.10?
GRT coin price falls 5.38% in the last three days, breaking crucial support at $0.1128.
Triangle pattern support trendline provides some relief to the downtrend.
Intraday fall of 0.94% hints at a potential bearish breakdown of the triangle pattern.
Unable to stay above the 61.80% Fibonacci level at $0.1128, GRT faces strong selling pressure and multiple bearish candles.
Falling prices and increased trading volume signal a possible bearish breakout.
RSI and MACD indicators show solid bearish signals, with RSI falling below the midline and MACD entering negative territory with growing bearish histograms.
Breakdown rally could lead to a 14.5% plunge, with next support at $0.086 (78.6% Fibonacci level).
Bullish dominance could end at the psychological mark of $0.10.
If GRT buyers hold off selling at $0.086, a bullish reversal may challenge the $0.1128 overhead resistance.
Triangle pattern support trendline provides some relief to the downtrend.
Intraday fall of 0.94% hints at a potential bearish breakdown of the triangle pattern.
Unable to stay above the 61.80% Fibonacci level at $0.1128, GRT faces strong selling pressure and multiple bearish candles.
Falling prices and increased trading volume signal a possible bearish breakout.
RSI and MACD indicators show solid bearish signals, with RSI falling below the midline and MACD entering negative territory with growing bearish histograms.
Breakdown rally could lead to a 14.5% plunge, with next support at $0.086 (78.6% Fibonacci level).
Bullish dominance could end at the psychological mark of $0.10.
If GRT buyers hold off selling at $0.086, a bullish reversal may challenge the $0.1128 overhead resistance.