COTI and The Graph (GRT) Technical Analysis: Will Bulls Overcome Selling Pressure?

Dalmas  |  Oct 13, 2021

COTI and The Graph prices point to waning upward pressure. From the daily chart, GRT is capped below $0.75 while COTI is at around 2021 highs.

COTI

The platform enables enterprises to launch their customized versions of blockchain solutions and also digitize assets. COTI is the central currency.

Past Performance of COTI

The COTI crypto is trading at near 2021 highs when writing.

However, the COTI token is stable versus the greenback on the last trading day, adding four percent.

Despite the consolidation, there are glimpses of strength following yesterday's long lower wick pointing to buying pressure in smaller time frames.

Day-Ahead and What to Expect

Technically, the COTI coin is firm to the upside as long as $0.45 holds.

Also, since the September 23 bull bar defines the short-term trend, every low may provide a loading opportunity for traders anticipating a close above the September 2021 highs of $0.70.

Deeper losses below $0.45 may spark a sharp draw-down towards $0.25 as the uptrend paves the way for sellers.

COTI Technical Analysis

COTI Daily Price Chart for October 13

From the daily chart, COTI crypto buyers have the upper hand.

Accordingly, as long as prices trend above $0.45—the main support line—and ideally the middle BB, every low may offer entries for traders targeting $0.70.

Even so, if sellers flow back, forcing COTI below $0.45, the token may plunge, mirroring the late September dip.

The Graph (GRT)

The protocol allows data scientists to index data from leading blockchains like Ethereum and IPFS. Behind the project is GRT.

Past Performance of GRT

The Graph token is stable when writing, adding two percent against the USD.

From the GRT technical analysis, the main resistance line is $0.75, and the middle BB. Therefore, a close above this level may change the fortune for The Graph crypto holders.

Day-Ahead and What to Expect

The GRT crypto is technically bearish at the time of writing as sellers of September press.

However, there could be hope for traders if bulls flow back, breaking above the down channel and $0.75, marking the end of September losses.

Conversely, further corrections below September 2021 lows at around $0.65 may reignite liquidation, forcing the token back to $0.50.

The Graph Technical Analysis

The Graph Daily Price Chart for October 13

GRT sellers, as clear from the daily chart, have the upper hand. There could be space for sellers if $0.65 fails. In that case, GRT token prices may sink to $0.50.

On the reverse side, a welcomed close above $0.75 may see GRT prices float to $1 and later $1.30.

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