Ongoing Correction: Graph Price Drops by 10%; Should You Enter This Dip

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Brian Bollinger The Graph token price experienced a correction phase following an explosive rally that began in February. It had reached the $0.21 ceiling after an initial rally. This token’s price stability and bullish momentum are maintained by the ongoing retracement. These are the levels to watch if you’re looking for entry opportunities in this dip.advertisementKey Points Graph token prices could experience sufficient demand pressure at $0.148 and $0.13 levels amid ongoing consolidation.
A golden crossover between the 200-day EMA and the 50-day EMA is a strong buy signal that could attract more long orders to the market.
The intraday trading volume of the Graph is $102.4 million, which indicates a 41.04% increase.
Source: Tradingview. The Graph token price experienced a significant inflow due to a bullish pattern called the rounding bottom pattern. This pattern is associated with tokens associated AI technology. The $0.21 resistance was not sustained by the buyers and the altcoin was immediately revered. The altcoin was then pushed to $0.148 local support, which ensured that price sustainability at higher levels. Trending StoriesThe graph token price traded at the 0.1699 mark, with an intraday gain 3%. Furthermore, the token price continues a sideways trend as buyers are still trying to recuperate bullish momentum.Also Read: CRYPTO TELEGRAM CHANNELS LIST 2023If the selling pressure persists, the coin holders should look for $0.148 and $0.13 support that can hold the coin price higher and bolster buyers to resume the prior uptrend.On the other hand, the $0.185 and $0.21 resistance will be important milestones whose breakout will offer confirmation for an uptrend continuation.Technical Indicator.RSI: The daily RSI slope moving sideways above the midline indicates the market sentiment remains bullish.advertisementEMAs: the 20-day EMA moving near the $0.1483 and the 50-day EMA moving near the $0.13 level strengthen the support power of these levels.Graph token Price Intraday LevelsSpot rate: $0.167
Trend: Bullish
High Volatility
Resistance levels: $0.185 and $0.21
Support levels: $0.148 and $0.13
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