The Graph (GRT) Creates Double Bottom After New All-Time Low: Biggest Weekly Losers

2022-7-2 21:30

Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most from June 24 to July 1, including The Graph (GRT), which has created a bullish pattern.

These cryptocurrencies are:

Waves (WAVES): -21.33%Polygon (MATIC): -18.63%Ziliqa (ZIL): -18.41%Zcash (ZEC): -16.95%The Graph (GRT): -16.88% WAVES

WAVES has been decreasing underneath a descending resistance line since May 19. So far, the line has rejected the price four times, most recently on June 23 (red icon).

The closest support area is at $4.60. 

If WAVES manages to break out from the line, the closest resistance area would be at $7.

WAVES/USDT Chart By TradingView MATIC

MATIC has been decreasing inside a descending parallel channel since June 26. The downward movement led to a low of $0.418 on June 30. The low validated the support line of the channel.

Afterward, the ensuing bounce validated the $0.45 horizontal area as support. 

Currently, MATIC is in the process of breaking out from the descending parallel channel. 

If it is successful, the next closest resistance area would be at $0.525, created by the 0.5 Fib retracement resistance level.

MATIC/USDT Chart By TradingView ZIL

ZIL had been decreasing underneath a descending resistance line since June 26. This downward movement led to a low of $0.035 on June 30. 

Afterward, the price bounced and validated the descending resistance line once more (red icon). 

If it is successful in breaking out, the next closest resistance area would be at $0.43, created by the 0.5 Fib retracement resistance level.

ZIL/USDT Chart By TradingView   ZEC

ZEC has been decreasing underneath a descending resistance line since June 26. The downward movement led to a low of $51.8 on June 30. This was a new yearly low. 

While the price has bounced afterward, it has not yet reclaimed the $54 horizontal area, which has now turned to resistance. The area also coincides with the aforementioned descending resistance line. 

A potential breakout above it could take ZEC all the way to $61.5. Currently, there are no reversal signs that would suggest this is likely.

ZEC/USDT Chart By TradingView GRT

GRT has been decreasing underneath a descending resistance line since May 15. The downward movement led to a new all-time low price of $0.089 on June 30. 

Despite this decrease, the price has created a double bottom pattern between June 13 and June 30. The double bottom is considered a bullish pattern, meaning that it leads to breakouts the majority of the time. 

If GRT manages to break out from the descending resistance line, the next resistance would be at $0.15.

GRT/USDT Chart By TradingView

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post The Graph (GRT) Creates Double Bottom After New All-Time Low: Biggest Weekly Losers appeared first on BeInCrypto.

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UniGraph (GRAPH) на Currencies.ru

$ 6.7986 (+2.07%)
Объем 24H $0
Изменеия 24h: 13.81 %, 7d: 16.67 %
Cегодня L: $6.7986 - H: $6.7986
Капитализация $0 Rank 3736
Доступно / Всего 0 GRAPH / 100k GRAPH

graph grt low biggest all-time weekly losers

graph grt → Результатов: 34


Indexing and Querying Protocol, The Graph (GRT), Launches A Micro-Transaction Solution, Scalar

The Graph, a decentralized indexing and query protocol, announced the launch of Scalar, a micro-transaction scalable solution for fast and cheap fees on the network. Announced Wednesday, Scalar, built on the Connext Vector protocol, will provide micro-transaction solutions on The Graph network to reduce the fees and increase scalability when querying on the protocol.

2021-4-23 22:24


Coinbase открыла резидентам Нью-Йорка доступ к DeFi-токенам

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2021-3-2 13:06


Фото:

Запущен мейннет проекта The Graph

Команда The Graph объявила о запуске децентрализованного протокола индексации данных в основной сети Ethereum. О листинге нативного токена криптопроекта GRT объявили три крупные биржи.

2020-12-19 11:19


Фото:

Создатели The Graph запустили основную сеть. Токен появился на Binance, Coinbase и OKEx

Команда The Graph объявила о запуске децентрализованного протокола индексации данных в основной сети Ethereum. О листинге нативного токена криптопроекта (GRT) объявили три крупные биржи. The Graph Network is officially live! People all over the world are coming together to build a vibrant decentralized future on top of crypto networks.

2020-12-18 12:59