In recent days, cryptocurrencies DOGE, GRT, and TIA have shown interesting movements in the market. Let’s examine their current trends and levels that may be important for investors.
State of DOGE and Support Levels
DOGE recently broke out of a triangle pattern but encountered resistance at $0.2495 and pulled back. Currently, its price hovers around $0.2412. Yesterday's close formed a doji, indicating a tug-of-war between bulls and bears. If the bears gain the upper hand, the price may test the support level at approximately $0.222, which also corresponds to Fibonacci 0.382. If the price stabilizes at this level, investors may consider entering long positions.
Growth of GRT and Its Potential
GRT broke out of a triangle pattern on September 8 and experienced a sharp price surge on September 9, reaching $0.1022 and closing yesterday at $0.0992, up 8.18%. The trading volume during this surge was healthy, indicating an effective breakout. If the price pulls back to test the support zone, investors can take this opportunity to go long, entering between $0.094 and $0.096, corresponding to Fibonacci 0.5 to 0.618.
TIA: Brief Analysis and Targets
TIA broke out of a descending wedge yesterday and surged instantly, reaching $1.94 but closing at $1.808, marking a 4.75% increase. The price rise was accompanied by increased volume, suggesting an effective breakout. If the price pulls back, investors may consider taking long positions in the range of $1.67 to $1.72, corresponding to Fibonacci 0.382 to 0.5.
The current situation in the cryptocurrency market for DOGE, GRT, and TIA shows mixed signals. Investors should closely monitor support levels and potential entry opportunities.
