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The post <a href="https://coinpedia.org/price-analysis/grt-price-runs-for-0-20-with-a-golden-cross-breakout/">GRT Price Runs For $0.20 With A Golden Cross &amp; Breakout!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the pullback due to the mystery announcement of a <a href="https://twitter.com/graphprotocol/status/1721936588228239837">new roadmap</a> on November 7th, the Graph token takes a short breather phase. The GRT price consolidates between $0.12-$0.14 and retests the bullish break.&nbsp; 
Moreover, with Bitcoin clinging tight to the $37K mark, the altcoins are ready to challenge any incoming supply wave.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-1024x463.png" alt="" class="wp-image-246503" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-1536x695.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/20104904/GRTUSD_2023-11-20_09-41-56.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/1rCbMLMS/">Tradingview</a> 
The sensational rise in the intraday trading volume supporting the GRT price trend during the wedge breakout rolls on a declining slope in the ongoing pullback. The declining volume paints a picture of sellers failing to gain traction and buyers successfully absorbing the incoming supply. 
To slow down the selling spree, the Graph buyers lead the price trend to a consolidation phase near the 50% Fibonacci level, between $0.12-0.14. The generous demand at the lower levels drives a 7.76% jump last night and forms a double bottom pattern. 
Currently, the GRT price trades at $0.1375 and teases a bullish trend continuation to give the double-bottom breakout. Moreover, with the trend sustaining above the 50% Fibonacci level, the chances of an uptrend increase significantly. 
Technical Indicators: 
EMA: The daily chart’s golden crossover signifies a pivotal moment of bullish trend reversal, teasing an uptrend to the $0.20 mark. 
RSI indicator: The daily RSI line showcases a bullish hold above the halfway line and reflects a spike in underlying demand. 
<h2 class="wp-block-heading" id="h-will-the-grt-price-skyrocket-to-0-20">Will The GRT Price Skyrocket to $0.20?</h2> 
With the buyers regaining trend control and ready to conclude the pullback phase, the GRT price is ready to skyrocket. Teasing a double bottom reversal rally, the Graph token breakout rally can surpass the psychological mark of $0.20. 
Moreover, with the new roadmap and the golden crossover, the sentiments around the Graph token are improving steadily. Following the $0.20 breakout, the token price can reach the $0.25 mark. 
Conversely, a reversal under $0.12 can drop the Graph token market value to the $0.1128 mark.

GRT Price Runs For $0.20 With A Golden Cross & Breakout!

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