GRT Technical Analysis: Bulls Above $0.35 Rechallenge The EMAs

The GRT coin price action shows a sudden bullish reversal from the $0.35 mark and is ready to approach the 50-day EMA. Will buyers manage a trend reversal? Key technical points: GRT prices trade under all the crucial EMAs. The coin price has jumped 7% in the last 24 hours. Finally, the 24-hour trading volume of The Graph is $152.4 Million, marking a 20% fall. Past Performance of GRT GRT coin price deflates by 30% in the last week by creating an evening star pattern near the resistance trend line resulting in the fallout of 50 and 100-day EMAs. The downtrend finds support at the $0.35 level resulting in a 7% reversal within a day Resulting in an early reversal before reaching the support trendline. Source-Tradingview GRT Technical Analysis GRT coin price action shows a bullish piercing candle after the 9% bearish engulfing candle projecting a potential bullish reversal if the price closes above the $0.38 mark. A bullish rally to the 100-day EMA is possible if buyers manage to do so. The crucial daily EMAs maintain a falling trend in a bearish alignment keeping the act of dynamic resistance. However, the decent bullish reversal challenges the 50 days EMA and projects the possibility of a breakout. RSI Indicator: The RSI slope shows a bullish reversal in the nearly oversold zone after a downfall from the overbought boundary. The bullish spike approaches the Halfway mark and strives to enter the nearly overbought zone. MACD Indica...