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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/grt-price-analysis-whales-dump-as-secret-reveal-inflates-grt/">GRT Price Analysis: Whales Dump As Secret Reveal Inflates GRT!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
With a sharp 24% jump in GRT price overnight, the altcoin reached a peak of $0.1632, fueled by the news of a <a href="https://twitter.com/graphprotocol/status/1720501219787932113" rel="noopener noreferrer nofollow">mysterious announcement</a> on November 7th. However, with quick profits from the <a href="https://coinpedia.org/price-analysis/the-graph-major-announcement-today-grt-whales-sell-on-high-impact-news-fueling-further-price-correction/" rel="noopener noreferrer nofollow">GRT whales</a>, the pullback undermines the bull run and leads to an indecisive state for the Graph.&nbsp;
However, the overall uptrend for the Graph GRT token price sustains momentum and teases a strong prevailing trend, ready to get back in action.&nbsp;&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-1024x481.png" alt="" class="wp-image-242723" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/07120025/GRTUSD_2023-11-07_11-09-50.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Following the $0.10 reclamation, a sharp increase in the trend momentum drove the GRT price above the crucial Fibonacci levels. With a 103% jump, the altcoin reached the $0.1632 mark within three weeks.&nbsp;
However, the immense supply above the $0.16 mark due to profit booking by whales, the prices plunge under $0.14. Currently trading at $0.1392, the 11.79% intraday drop leads to a short-term bearish viewpoint despite the excitement of the mysterious announcement.&nbsp;
Moreover, the uptrend fails to sustain above the 38.20% Fibonacci level and takes a step back to the 50% Fibonacci level. With this move coming as a retest, a post-retest reversal can refuel the bullish momentum in GRT price.
Technical Indicators:
EMA: The rising 50-day exponential average line teases a high possibility of a golden crossover with the 200-day EMA.&nbsp;&nbsp;
MACD indicator: The momentum indicator showcases skyrocketing MACD and signal lines in the positive territory.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-grt-price-skyrocket-to-0-15">Will The GRT Price Skyrocket to $0.15?</h2>
With buyers regaining trend control after a 66% pullback, the GRT price trend remains one fo the best-performing altcoins in the past two months. With a double bottom reversal to a falling wedge breakout, the Graph coin price continues to head high.&nbsp;
Moreover, with the mysterious announcement ready to pump the prices, the altcoin may soon reclaim the $0.16 mark and head to $0.20.&nbsp;
Conversely, a reversal under $0.1311 can plunge the market value to the $0.1128 mark.

GRT Price Analysis: Whales Dump As Secret Reveal Inflates GRT!

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