In the last 24 hours, Gradient (GRAY) experienced sharp intraday movements, reflecting both buyer interest and short-term uncertainty. The token’s price action has caught the attention of traders after hovering near key support and resistance levels.
GRAY Price Overview: Daily Highs and Lows
As of the latest market data, GRAY is trading around $1.97, with a 24-hour low of $1.72 and a high of $2.08. The price reflects a marginal gain of 0.07%, signaling consolidation after recent losses.
GRAY has declined nearly 26% from its all-time high of $2.69, recorded in late June, indicating profit-taking and market recalibration. Despite this, the asset has shown signs of resilience as trading volume remains steady, suggesting that buyers are still active.
Active Trading Volume Supports Price Stability
Over the last day, GRAY witnessed daily trading volume between $1.1 million and $1.3 million, which has helped maintain price stability.
This steady volume indicates strong market participation, even amid fluctuating price levels. With no major fundamental announcements, the movement appears to be largely driven by technical trading and sentiment cycles.
Key Support and Resistance Levels to Watch
Technical analysts are watching three crucial price levels in the short term:
- $1.72: Daily low and immediate support
- $2.08 – $2.10: Resistance zone tested multiple times
- $2.69: Previous all-time high and long-term resistance
If GRAY holds above the $1.90 range, it could attempt another breakout toward $2.10. Conversely, a drop below $1.72 might suggest further downside risk, possibly toward $1.60.
Short-Term Sentiment and Market Outlook
The slight upward recovery, combined with consistent volume and technical support, gives traders reason to remain cautiously optimistic.
If GRAY manages a close above the $2.08 mark, short-term momentum could accelerate, possibly leading to a test of the $2.30 level. However, market participants will likely wait for confirmation of a trend reversal before making aggressive entries.
Conclusion: GRAY Remains Under Watch After Price Consolidation
In summary, GRAY’s price action over the past 24 hours highlights ongoing market interest, despite recent volatility. With volume supporting current levels and technical indicators aligning near key thresholds, the token remains a closely watched asset in the altcoin market.
Traders are advised to monitor GRAY’s behavior around $2.00, as this level could define the next move in either direction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss