While there is no established trend as GRS/BTC continues to reject the support, the range trading is likely to continue. If that's the case, the price should go up once again towards the 16k satoshis resistance. Whether the resistance will be broken or rejected, remains to be seen.
Break above should confirm a run, but rejection might result in a continuation of the consolidation. On the downside, break below the should send Groestlcoin lower towards 88.6% level, that is 3.3k satoshis. Such a low price could attract more buyers, resulting in exponential growth.
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