bullish

Strong

Momentum

Resistance

<ul class="wp-block-list">
 <li>GRT/USDT eyes a bullish breakout, holding strong at $0.1500 support, with potential upward momentum building.</li>  
 <li>A decisive break above $0.190 with strong candles could signal a trend reversal for GRT/USDT, boosting bullish sentiment.</li>  
 <li>GRT’s ecosystem growth and solid fundamentals support long-term value, with key levels to watch at $0.1736 and $0.32.</li> 
</ul>  
GRT/USDT is <a href="https://x.com/Crypto_green02/status/1847562010608767150" target="_blank" rel="noopener noreferrer nofollow">showing</a> bullish momentum as the price holds steady above the critical demand zone at $0.1500. If this level remains strong, it increases the likelihood of a breakout above the descending resistance in the ongoing channel. A strong price movement could follow, especially if momentum continues to build.  
<h2 class="wp-block-heading" id="h-momentum-signals-and-resistance-levels">Momentum Signals and Resistance Levels</h2>  
For confirmation, a decisive break above the internal resistance at $0.190 is required. This should be accompanied by strong engulfing candles and consistent momentum. Until then, traders ought to use caution and refrain from making <a href="https://cryptonewsland.com/breaking-down-todays-best-crypto-signals-support-levels-and-entry-points-to-watch/" target="_blank" rel="noopener noreferrer nofollow">premature trade entry decisions</a>. The resistance of the falling channel has already been breached by the price, suggesting a possible trend reversal. To be sure, this prognosis needs to be reinforced by a breakout.  
In addition, the price movement over the previous few months shows a downtrend inside a falling channel, with lower highs and lower lows produced. The price has been repeatedly held by the ten-cent range between $0.12 and $0.15, which has demonstrated its resilience. As a result, this support zone is essential for figuring out the market's future course.  
<h2 class="wp-block-heading" id="h-key-levels-to-watch">Key Levels to Watch</h2>  
GRT/USDT is currently trading at about <a href="https://coinmarketcap.com/currencies/the-graph/" target="_blank" rel="noopener noreferrer nofollow">$0.1670</a>, which is just above the $0.1640 200-period Exponential Moving Average (EMA). The next notable resistance level, which has previously impeded upward momentum, is $0.1736. In addition, the Awesome Oscillator (AO), whose present value is -0.0013, indicates deteriorating momentum.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd_zusnutB4aavri5T3B6vDdoDfFb1XTxhyXEhHdDhzDyOcyH26J_ivVuOMzZijvoL67hMRlZw0QmqwegDpTmBxkQEICuL-7cXjBtkqmBz7aEr2p0tHvUvRd2jk8XJNb9lz5tfK4tfKkOLjgk6A6oSJLiSg?key=a1PUR9EidLf1oBdrfNFBQA" alt="">
</figure>  
Source: <a href="https://cryptorank.io/price/the-graph/full-feature-chart" target="_blank" rel="noopener noreferrer nofollow">CryptoRank</a>  
However, a recent shift toward green on the histogram could <a href="https://cryptonewsland.com/golden-cross-signals-a-bull-market-as-bitcoin-prepares-for-a-surge/" target="_blank" rel="noopener noreferrer nofollow">indicate growing bullish momentum</a>. Should there be a breakout, the price can go toward the following resistance area, which is situated between $0.32 and $0.37. A retest of the support zone around $0.12 may occur if the price is unable to stay above $0.15.  
The Graph's ecosystem is developing, boosted by a $50 million sale of GRT tokens in 2024. The protocol gains long-term value from the project's decentralized Web3 infrastructure aim and strong data indexing capabilities. GRT/USDT is still a crucial combination to keep an eye on in the upcoming weeks due to its strong fundamentals and possible price movement. 
The post <a href="https://cryptonewsland.com/grt-usdt-targets-bullish-breakout-as-key/" rel="noopener noreferrer nofollow">GRT Targets Bullish Breakout as Key $0.1500 Support Holds Strong</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

GRT Targets Bullish Breakout as Key $0.1500 Support Holds Strong

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