The Graph (GRT) has demonstrated a bullish reversal, breaking out from a falling wedge pattern backed by robust trading volume.
Confirmation of Bullish Reversal
The Graph (GRT) has confirmed a bullish reversal on its daily chart, breaking out of a falling wedge pattern supported by strong trading volume. Alpha Crypto Signal reported that GRT broke above the wedge resistance, reclaiming the 9 EMA at $0.0927 and the 50 SMA at $0.0942. This move flipped these levels from resistance into support, strengthening the bullish structure.
Support and Resistance Zones
The nearest resistance for GRT is currently located between $0.100 and $0.105, a zone where sellers have recently attempted to cap growth. A strong breakout above this cluster could lead to a more aggressive ascent towards the $0.115–$0.120 area, which is also the measured target of the wedge structure. At present, defending $0.092 support remains crucial for keeping the bullish setup valid.
Current Market Activity
As of now, GRT is trading at $0.09891, marking a 4.44% increase in the past 24 hours and 10.02% over the past week. This rise reflects growing interest following the confirmed breakout. Sustained trading volume in future breakout attempts will be essential for extending the rally.
The market situation indicates that GRT is in an early phase of expansion after an extended period of consolidation. Market participants are closely monitoring whether the token can break past the current resistance, opening the path toward higher targets.
