The Graph (GRT): Is the Price Set to Rise to $0.30?

user avatar

by Giorgi Kostiuk

2 years ago

With a breakout from a falling wedge, GRT shows recovery, reaching the psychological $0.20 mark. But can it rise to $0.30?

Current GRT Price Analysis

In the daily chart, GRT shows an upward trend after a breakout from a falling wedge. Starting recovery at $0.1274, it has surpassed the $0.20 mark, currently trading at $0.2106 with a 3.48% intraday pullback. This rise also broke the resistance trendline and exceeded the 200-day EMA, marking a change in the trend character. Additionally, the 23.60% Fibonacci level breakout sets a reversal tone.

Technical Indicators

EMA: Amidst the recovery rally gaining momentum, the 50-day EMA is likely to cross above the 100-day EMA, increasing the possibility of a golden crossover in the daily chart. MACD indicator: The MACD and signal lines sustain a gradual bullish trend with gradual positive histograms.

Will GRT Reach $0.30?

Using the Fibonacci retracement tool, the uptrend is likely to challenge the 50% or 61.80% Fibonacci levels by the end of the month, situated at $0.290 and $0.3292 respectively. Conversely, a failed retest could result in a drop to $0.18 or the 200-day EMA or $0.17 near the 50-day EMA.

The rise of GRT above $0.20 suggests a potential continuation of the bullish trend, but resistance at $0.2521 and above requires retesting and confirmation of the trend. Further developments remain uncertain and depend on future market fluctuations.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Circle Plans Acquisition of Tazapay to Enhance Payment Solutions

Circle plans to acquire Tazapay to enhance cross-border payment solutions, with completion expected in 2027.

user avatarDavid Robinson

Circle's Financial Performance Shows Growth Amidst Changing Market Dynamics

Circle's financial performance shows growth with a net income of 226 million and adjusted EBITDA rising by 85% to 317 million.

user avatarArif Mukhtar

BVNK Launches Open USD for Eligible Business Customers

BVNK has launched Open USD (OUSD) for eligible business customers, allowing them to mint, redeem, hold, and transfer OUSD across multiple blockchain networks.

user avatarLuis Flores

Circle Reports Significant Growth in USDC Onchain Transaction Volume

Circle reports a 49% year-over-year increase in USDC onchain transaction volume for Q3 2026, reaching 139 trillion.

user avatarMaria Gutierrez

Cipher Digital Advances Colchis Project with Conditional Baseload Classification

Cipher Digital reports conditional baseload classification for its 1-gigawatt Colchis project and is developing pipelines for future expansion.

user avatarAndrew Smith

Cipher Digital Achieves First HPC Lease Revenue and Extends Barber Lake Lease

Cipher Digital has recognized its first HPC lease revenue in Q3 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $91 billion.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.