Overall Trend:
GRTUSDT is trading above the 200 SMA at $0.1803, indicating a long-term bullish trend. However, after a strong rally, the price is consolidating near resistance levels.
Support and Resistance Levels:
Immediate Resistance:
The $0.2500 - $0.2600 range is a significant resistance zone. A breakout above this level could lead to a move toward $0.2800 - $0.3000.Immediate Support:
The $0.2200 - $0.2300 range provides key support. A breakdown below this zone could lead to a further decline toward the $0.2000 - $0.2100 area.Key Demand Zone:
The $0.1800 - $0.2000 range has been a critical demand zone, supporting the price during previous pullbacks.
Technical Indicators:
RSI (Relative Strength Index):
The RSI is at 48.58, indicating neutral momentum, leaning slightly bearish. This reflects the current consolidation phase.MACD (Moving Average Convergence Divergence):
The MACD histogram is near neutral, with a slight bearish crossover, indicating weakening bullish momentum.Volume Analysis:
Current trading volume is 6.254M, showing reduced participation as the price consolidates, which is typical during such phases.
GRTUSDT is in a consolidation phase after a strong rally, trading near the key resistance zone of $0.2500. Traders should watch for a breakout above this level for further upside or a breakdown below $0.2200 for signs of bearish continuation. Volume and momentum indicators will be crucial for confirming the next directional move.