search
Homeweb3.0The Graph (GRT) Bulls Anticipate Upcoming 40% Price Surge – Here's What's Driving It

In an analysis by P_S_trade on TradingView, a bullish perspective on the GRTUSDT chart has emerged.

The Graph (GRT) Bulls Anticipate Upcoming  40% Price Surge – Here's What's Driving It

A recent analysis by P_S_trade on TradingView presents a bullish perspective on the GRTUSDT chart. According to the analysis, The Graph (GRT) is currently priced at a critical juncture. If the price manages to break through the established trend line, it could lead to a price surge of at least 40%. This potential breakout may also indicate even greater gains in the long term.

The chart uploaded by P_S_trade illustrates the price dynamics of The Graph token against Tether (USDT) on a daily timeframe. Here's a closer look at the key elements highlighted in the chart:

A black diagonal line represents a resistance level that GRT has been struggling to overcome. This trendline outlines a series of lower highs, indicating an ongoing downtrend in the token's price.

A horizontal pink/red zone support level exists around $0.1337, which has been tested multiple times, showing its ability to keep GRT from declining further.

As the price approaches a crucial point, P_S_trade anticipates that if GRT can break above the downward trendline, a sharp upward movement is expected. This scenario aligns with a projected price target of $0.2406, which corresponds to a significant Fibonacci level.

Several Fibonacci retracement levels are indicated on the chart, serving as potential price targets following significant movements. After a breakout, the immediate target is $0.2406, followed by longer-term targets of $0.3868, $0.6218, $0.8717, and $1.2221, contingent upon GRT maintaining upward momentum.

The chart also features a blue arrow, suggesting a potential upward trajectory following the trendline break. Moreover, trading volume is noted at 9.235 million for GRT, which will be crucial in confirming the strength of any breakout that may occur.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates. Get all our future calls by joining our FREE Telegram group.

We recommend eToro

The above is the detailed content of The Graph (GRT) Bulls Anticipate Upcoming 40% Price Surge – Here's What's Driving It. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Ondo Finance (ONDO) Price Prediction 2024: Will ONDO Recover After 55% Drop?Ondo Finance (ONDO) Price Prediction 2024: Will ONDO Recover After 55% Drop?Aug 07, 2024 am 06:30 AM

The ONDO price declined by over 55% in the last three weeks amid global woes and sentiment. A shift in the wind has been witnessed as the price

Shiba Inu (SHIB) Price Could Reach $4.66 If It Replicates Its 2021 Performance, The Crypto Basic ClaimsShiba Inu (SHIB) Price Could Reach $4.66 If It Replicates Its 2021 Performance, The Crypto Basic ClaimsJul 27, 2024 pm 09:05 PM

It is no longer news that Shiba Inu was among the top-performing cryptocurrencies in the 2021 bull run.

Mpeppe (MPEPE) Captures the Interest of Shiba Inu (SHIB) Whale Investors, Surpassing Pepe Unchained (PEPU) in PopularityMpeppe (MPEPE) Captures the Interest of Shiba Inu (SHIB) Whale Investors, Surpassing Pepe Unchained (PEPU) in PopularityAug 09, 2024 am 06:04 AM

The world of meme coins is continually evolving, and the latest buzz surrounds Pepe Unchained (PEPU) and Mpeppe (MPEPE).

DOGE and Rollblock (RBLK) Are the Cryptos to Buy Now as Market Looks to RecoverDOGE and Rollblock (RBLK) Are the Cryptos to Buy Now as Market Looks to RecoverAug 17, 2024 pm 09:47 PM

DOGE has always been a top crypto in the market. But with the way the market has been recently, many investors are scared of their DOGE

Internet Computer (ICP) Price Begins Bullish Reversal, Eyes $10.44 BreakoutInternet Computer (ICP) Price Begins Bullish Reversal, Eyes $10.44 BreakoutAug 01, 2024 am 06:38 AM

Internet Computer price is gearing up for a modest breakout as the Federal Reserve matches market expectations, leaving the interest rate unchanged between 5.25% and 5.5%.

Is XRP Price Primed for a 42,000% Surge to $263? Analyst Spotlights 7-Year PatternIs XRP Price Primed for a 42,000% Surge to $263? Analyst Spotlights 7-Year PatternAug 16, 2024 am 03:48 AM

Crypto analyst JAVONMARKS has identified a potential 7-year pattern in XRP's price chart, suggesting a massive upside for the digital asset. The analyst's bold XRP prediction points to a possible surge to $263, representing a 42,000% increase from cu

Notcoin (NOT) Price Rebounds 30% Amid Double Bottom Pattern, $0.018 Target in SightNotcoin (NOT) Price Rebounds 30% Amid Double Bottom Pattern, $0.018 Target in SightAug 07, 2024 pm 12:54 PM

Notcoin price soared 30% on Tuesday, outshining other major altcoins during a relief rally. As Bitcoin staged a notable rebound from the

MOG TRUMP [TRUMP] crypto rises by 50% in 24 hours, fueled by Donald Trump's continuous support for cryptocurrencyMOG TRUMP [TRUMP] crypto rises by 50% in 24 hours, fueled by Donald Trump's continuous support for cryptocurrencyAug 10, 2024 am 12:06 AM

Amidst the broader market recovery, MOG TRUMP [TRUMP] has surged over 50% in the past 24 hours, according to CoinGecko.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Hot Tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)