GRVT UNDER PRESSURE WITH 18% DROP IN 24 HOURS 📉💸
$GRVT is experiencing a significant downturn, characterized by a breach of a key order block, suggesting a structural breakdown in the market sentiment towards
$GRVT 📊. The significant drop in price is also reflected in the 24-hour volume of $34.66M, which is substantial compared to the coin's usual trading activity 📉. This downward move is driven by a lack of momentum acceleration, with
$GRVT price action showing signs of reversal 📈.
The current price of $0.25250 is testing the support zone of ~$0.24733, which is a critical level that needs to hold to prevent further downside 📊. If this level is breached,
$GRVT could experience a healthy correction, potentially leading to a retest of the mid-range area of $0.27910 📈. However, the macro asset accumulation trend is not in favor of
$GRVT , indicating a potential structural breakdown 📉.
Levels to monitor:
Watching support around $0.24733
Structure suggests resistance near $0.31054
Mid range area: $0.27910
DYOR
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