Rally

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/grt-price-analysis-is-the-grt-breakout-rally-low-on-fuel/">GRT Price Analysis: Is The GRT Breakout Rally Low On Fuel?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Concluding a 66% pullback, the GRT price trend showcases a bullish reversal to restart the prevailing uptrend seen in early 2023. With a double bottom reversal from $0.076, the graph coin price gives the falling wedge breakout and reclaims crucial average lines.&nbsp;
Further, with the altcoin price rising above the psychological mark, $0.10 increases the likelihood of a prolonged uptrend.&nbsp;&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-1024x483.png" alt="" class="wp-image-242063" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-1536x724.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-2048x965.png 2048w, https://image.coinpedia.org/wp-content/uploads/2023/11/04123100/GRTUSD_2023-11-04_11-25-08-150x71.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
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Rising with the high-speed breakout rally, the GRT price finds a spike in trading volume, supporting the bullish journey. Moreover, with the market-wide fueling the increased demand, the Graph coin price exceeds the 200-day EMA.
Moreover, the 200-day EMA breakout rally overcomes the supply pressure at the 61.80% Fibonacci level. With a diagonally uptrend move and increased volumes, the GRT price skyrockets and continues to reach the 50% Fibonacci level.&nbsp;
Currently trading at $0.1159 with an intraday growth of 1.22%, the altcoin price shows a bullish continuation above $0.1128. Moreover, the lower price rejection in the recent 5.62% jump overnight signals a strong demand at lower levels.&nbsp;
Technical Indicators:
EMA: The bullish trend continuation in the 50-day EMA showcases a high possibility of a golden crossover in the GRT price chart.&nbsp;&nbsp;
MACD indicator: The MACD and signal lines are moving close as the bullish gap declines, teasing a crossover event. However, a bullish trend above $0.1128 teases a positive recovery in the momentum indicator.
<h2 class="wp-block-heading" id="h-will-the-grt-price-skyrocket-to-0-15">Will The GRT Price Skyrocket to $0.15?</h2>
As the market recovery takes a pause, the altcoin recovery is driving low on fuel and may struggle continuation if the broader market collapses. Nevertheless, the trend reversal in GRT price hints at a bull run to the $0.15 mark, close to the 38.20% Fibonacci level. However, a resistance at the 50% Fibonacci level at $0.1311 is possible.
On the flip side, a reversal under $0.1128 can plunge the market value to the $0.10 mark.

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GRT Price Analysis: Is The GRT Breakout Rally Low On Fuel?

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