[2015-12-09] Gridcoin Technical Analysis – Price Breaks Bellow Major Pivot Zon

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Gridcoin was trading above 0.000032 since the middle of November, but this massive support was taken out yesterday. The 0.000032 area acted as support about five times since November 20. GRC is now trading at 0.000028, so there is a very good chance that 0.000032 may now turn into resistance again. The market had a hard time trading above 0.000032 in the first half of November, and I think it will be an even bigger challenge for price to break above 0.000032 again.

http://themerkle.com/coins/gridcoin-technical-analysis-for-12092015-price-breaks-bellow-major-pivot-zone/