$GRT is still bleeding on the weekly and the structure is crystal clear.
Since the 2021 peak, price has respected that heavy descending resistance like it’s law. The multi-month 0.10–0.15 support got wiped, and now even 0.052 is gone. That’s not weakness — that’s structural breakdown.
Sellers are in control. Momentum is pushing toward lower liquidity, and there’s no bullish shift unless price reclaims the broken range and closes above major resistance.
Until then, this is a downtrend doing exactly what downtrends do — grind lower.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Likes
Reward
2
2
Repost
Share
Comment
0/400
WilliamEth
· 5h ago
looking forward for the update on that one is a Long Beach FL my week is going to be so raha hun aap sunao and unique and then
$GRT is still bleeding on the weekly and the structure is crystal clear.
Since the 2021 peak, price has respected that heavy descending resistance like it’s law. The multi-month 0.10–0.15 support got wiped, and now even 0.052 is gone. That’s not weakness — that’s structural breakdown.
Sellers are in control. Momentum is pushing toward lower liquidity, and there’s no bullish shift unless price reclaims the broken range and closes above major resistance.
Until then, this is a downtrend doing exactly what downtrends do — grind lower.