GROK/USDT Technical Analysis in a Daily Timeframe

Aug 10Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

GROK is currently in a downtrend, holding support at $0.00435. The price is in its accumulation range, and if it manages to maintain the current support, we could see a decent rally for GROK very soon.

The RSI is in the oversold zone, indicating a potential bullish momentum ahead. The blue EMA and the horizontal ray at $0.007 are the primary resistance levels that GROK needs to break for a higher rally.

Key levels:

- Primary Support: $0.0043.
- Primary Resistance: $0.007.
- Long-Term Target: 5x gain at $0.02627.
- Invalidation: A close below the $0.0043 support level.

DYOR, NFA

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE