Coinpedia-Market-Insight

Will GRT price spike to $0.13?

Long
COINBASE:GRTUSD   The Graph
Current Status: GRT is trading at $0.099, experiencing an intraday fall of 1.48%.
Long-Term Resistance: GRT has broken above a long-standing resistance trendline.
Technical Indicators - EMA: GRT is challenging the 200-day EMA, hinting at a potential golden crossover.
Technical Indicators - RSI: The RSI has entered the overbought zone, indicating strong demand.
200-day EMA: A breakout above this level could trigger a rally to $0.13.
Weekly Performance: GRT has seen a sharp rise of 30% over the past week.
Psychological Mark: GRT has approached the crucial $0.10 mark.
Wedge Pattern: GRT had formed a wedge pattern in the daily chart, which it has now broken out of.
Potential Targets: If the breakout is sustained, GRT could reach $0.1311.
Downside Risk: A reversal below $0.10 could see the price drop to $0.0765.
Death Cross: GRT had previously experienced a death cross, but the current indicators are bullish.

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