Crypto News – In 2024, the GRT price experienced a bearish first week and then broke below the long-term support trendline. Nonetheless, the GRT price may resume its upward trend given the recent improvement in market sentiment.
GRT Crypto on the Decline: A 25% Surge Could Be Realized If a $0.20 Breakout Is Possible
Recovering the lost trendline and producing a triple white soldier pattern, the GRT price displayed a significant surge this week. Therefore, in 2024, the price of the Graph token could reach a new 52W high due to the renewed impetus. However, at the time of writing, GRT crypto was down 11%.
What Does GRT Price Movement Say?
The GRT price trend is supported by the high trading volume trend that started in 2023 and continues through 2024. Also, significant demand at lower levels is shown in buyers’ recent fight to maintain control over the $0.15 mark.
With a minimum intraday growth of 1.44%, the bullish trend explains the notable increase of 18% over the last three days. High volumes form a triple white soldier pattern on the technical chart, which supports the recovery trend. Because the pattern indicates trend continuation, there is a greater chance of a bullish trend developing.
GRT Crypto and the Possibility of Seeing $0.25
The likelihood of a bull run in the price of the Graph token increases when buyers enter the market at $0.15. Furthermore, as the market as a whole recovers, the likelihood of a sustained upward channel increases dramatically.
The GRT price may soon rise above the psychological $0.20 threshold. If all goes according to plan, the trend might rise beyond $0.20 and approach $0.25. The token value can, however, fall to $0.15 in the event of a reverse below $0.1753.
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