The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/grt-price-analysis-closer-to-tip-will-grt-price-break-the-triangle-to-aim-0-20/">GRT Price Analysis: Closer To Tip, Will GRT Price Break The Triangle To Aim $0.20</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the 288% recovery. In the early days of 2023, the GRT prices failed to exceed the $0.20 mark resulting in a declining trend. The declining rally found constant support at the $0.10 support range. It also leads to multiple bullish attempts to regain the uptrend momentum.&nbsp; 
However, the declining trend led to a triangle formation. Consolidation within the symmetrical triangle pattern, the GRT prices are down by 47% from the previous swing of $0.20. 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/-_qQrZFs9roXyXXBErmSZXVaX66mJYfpFqyTy1xVfPuHFzep6hvj3acbaRUIg2MhYkylHjsaYZX8AaS1qbVPTtHsyrC4q7TfW7OtyJFQcTVFZUWt-jA95zK2X3Q9plPtAFtk0tMnr_JsjV7a6Ix_eok" alt=""> 
</figure> 
Currently, the GRT prices are trading at $0.1101 and take support at the 38.20% Fibonacci level. The price trend comes closer to the tip of the triangle pattern projecting a high possibility of a breakout shortly. 
Presently, the Graph price is down by 1.61% in the last 24 hours and presents a bearish candle endangering the support zone at $0.10. Coming to the volumes, a declining trend projects a potential bounce back.&nbsp; 
The RSI line maintains a falling trend and creeps under the halfway line.&nbsp; 
Considering the prices manage to sustain above the $0.115 support level, a positive breakout can lead GRT prices above the $0.15 mark, close to the 61.8% Fibonacci level. The unleashed momentum can fuel a new bullish rally to the $0.20 psychological mark. 
On the flip side, a breakdown can plunge the GRT prices by 20% to test the 23.60% Fibonacci level at the $0.0886 mark.

GRT Price Analysis: Closer To Tip, Will GRT Price Break The Triangle To Aim $0.20

CoinPedia News

Other articles published on Jul 28, 2023

MakerDAO Passed Proposal to Raise $DAI Saving Rate to as High as 8%

Alchemy Pay Teams Up with Checkout.com, Brings Global Fiat-Crypto Transactions and Future NFT Che...

10 Kekeliruan Investor Crypto

Solana (SOL) Founder Slams Ethereum Community, Here's Reason

Is Tesla Lying to Consumers? What Does This Mean for DOGE?

Sequoia Capital Shrinks Crypto Fund from $585M to $200M

Join our free newsletter for daily crypto updates!