bullish

The Graph

<p>With a falling wedge breakout setting a trend reversal rally, the GRT price trend reclaims the $0.20 psychological mark. As the broader market is on the verge of a next high momentum bullish phase, GRT price trend prepares for a moonshot rally.&nbsp;</p>  
<p>However, with the ongoing recovery, the Graph coin price nears a crossroads. Will this retest result in a bounce-back rally crossing $0.30?&nbsp;</p>  
<h2 class="wp-block-heading" id="h-graph-grt-price-analysis">Graph (GRT) Price Analysis</h2>  
<p>In the daily chart, the GRT price action shows a falling wedge breakout rally gaining momentum. The recovery rally started at $0.1274 and has now surpassed the $0.20 mark. Currently, it is trading at $0.2106 with an intraday pullback of 3.48%.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19145912/image-144-1024x509.png" alt="GRT Price chart" class="wp-image-381715">
</figure>  
<p><a href="https://www.tradingview.com/x/DP9XrIzL/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>However, the recovery rally surpassing the overhead resistance trendline has also crossed above the 200-day exponential moving average line. This marks a change of character in the GRT price trend.&nbsp;</p>  
<p>Furthermore, the 23.60% Fibonacci level breakout sets a trend reversal tone in GRT price trend. Following the 13.74% jump last night creating a bullish engulfing candle, the GRT price action shows a retest phase of the 23.60% Fibonacci level.&nbsp;</p>  
<p>The bull run is likely to continue with a post-retest reversal heading to challenge the immediate resistance of $0.2521. This price target is derived from the 38.20% Fibonacci level.&nbsp;</p>  
<h3 class="wp-block-heading" id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3>  
<p><strong>EMA: </strong>Amid the recovery rally gaining momentum, the 50-day EMA will give a positive crossover with the 100-day EMA. This crossover increases the possibility of a golden crossover in the daily chart.&nbsp;</p>  
<p><strong>MACD indicator:</strong> The MACD and signal lines sustain a gradual bullish trend with gradual positive histograms.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-the-grt-price-skyrocket-to-0-30">Will The GRT Price Skyrocket to $0.30?</h2>  
<p>Using the Fibonacci retracement tool, the uptrend is likely to challenge the 50% or 61.80% Fibonacci level by the end of the month. These Fibonacci levels are situated at $0.290 and $0.3292. Conversely, a failed retest could result in a drop to $0.18 or the 200-day EMA or the $0.17 near the 50-day EMA.&nbsp;</p>  
<p>Will the bullish trend in Graph result in a price jump to $1? Find out the revised bull run price targets in Coinpedia’s latest <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">GRT price prediction </a>for 2024-2030.</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732008619098"><strong class="schema-faq-question">What is the current price of The Graph (GRT)?</strong>
  <p class="schema-faq-answer">The Graph (GRT) is currently trading at $0.2106, with a 3.48% intraday pullback after surpassing the $0.20 mark.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732008620883"><strong class="schema-faq-question">What are the key Fibonacci levels and resistance targets for GRT?</strong>
  <p class="schema-faq-answer">The next immediate resistance is at $0.2521 (38.20% Fibonacci level), with higher targets at $0.290 (50% Fibonacci level) and $0.3292 (61.80% Fibonacci level).</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732008621432"><strong class="schema-faq-question">What technical indicators suggest a continued uptrend for GRT?</strong>
  <p class="schema-faq-answer">The 50-day EMA is about to cross above the 100-day EMA, signaling a potential golden crossover, supported by a sustained bullish MACD trend.</p>
 </div>
</div>

GRT Price Breaks $0.20: Will It Hit $0.3292 After Wedge Breakout?

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