GRT Price Can Go Down Below The Major Support Of $1.5

The weekly technical chart of The Graph showcases a consolidated momentum. On coming to 4hr cart, GRT price is below 100 and 50 Moving average. The 100 MA(Red) line is at $1.16, making it temporary support for the coin. Resistance for the coin on going upside is at $1.8. While on the downside, the coin can see a bounceback from $1.There is a formation of bearish engulfing pattern on the chart If the price goes 10% below the support ,then a new low upto $0.7 can be formed.THETA/BTC pair is currently performing negatively and can break the previous support zone.
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