The Graph (GRT) is showing signs of recovery, with a 9% increase from its strong support level. The token’s daily trading volume has also risen by 73.3%, supporting the price rise. This has led to a 23.4% increase in GRT’s weekly performance. Additionally, graph.eth deposited $50 million worth of GRT into Binance after the price increase.
However, GRT is currently trading at $0.017, reflecting a 1.6% decline in the past 24 hours. The bulls in the market are facing resistance at the 200-day simple moving average at $0.10. The price has created a strong support level at $0.0785 by bouncing back from the lower boundary of a falling wedge pattern. This movement has pushed the price above the 50-day Simple Moving Average, indicating a shift towards a bullish rally.
The relative strength index (RSI) is currently at 65, reinforcing the bullish sentiment. There is a possibility of a breakout to the upside if the bulls can maintain their momentum and breach the $0.10 resistance level. However, if the bears take control during this correction, there could be a bearish breakdown and the price may drop to $0.0856.
In other news, BTCMTX is experiencing success in its presale and offering a profitable mining program. It has raised over $2.2 million in funding and its presale price has increased to $0.112. Bitcoin Minetrix allows users to participate in mining activities with significant rewards and an impressive 254% Annual Percentage Yield (APY). Users also have a chance to win $3,000 by taking part in Bitcoin Minetrix.
With its focus on affordability, security, user control, and risk management, Bitcoin Minetrix is attracting attention within the blockchain community. The project accepts ETH, USDT, and credit cards as modes of purchase, making it accessible to a wide range of users. The project’s stability and sustainability are emphasized with a controlled release of its total token supply of 4 billion.
In conclusion, The Graph (GRT) is showing signs of recovery, while BTCMTX is experiencing success in its presale and offering attractive mining opportunities. Both projects have the potential for growth and profitability in the crypto market.
Hot Take: The Graph (GRT) Shows Signs of Recovery, While BTCMTX Offers Profitable Mining Opportunities
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.