The post <a href="https://coinpedia.org/price-analysis/grt-price-eyes-0-20-break-for-a-25-upside-move/">GRT Price Eyes $0.20 Break For A 25% Upside Move</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a bearish first week in 2024, the GRT price failed to bounce back from the long-coming support trendline, leading to a breakdown. However, with the recent improvement in market spirits, the GRT price has regained bullish momentum.&nbsp; 
Recovering the lost trendline and forming a triple white soldier pattern, the GRT price shows a sharp jump this week. Hence, with the newfound momentum, the Graph token price can scale a new 52W high in 2024.&nbsp; 
For a more detailed approach to the potential price trend of The Graph, check out our <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/">GRT price prediction</a>. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="471" src="https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-1024x471.png" alt="" class="wp-image-260782" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-1024x471.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-300x138.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-768x353.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-1536x707.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/12130118/GRTUSD_2024-01-12_12-39-34.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/gje2gJzX/">Tradingview</a> 
The increased trading volume trend from 2023 continues to 2024, with the high volumes supporting the GRT price trend. Further, the recent pushback from buyers to sustain dominance over the $0.15 mark reflects strong demand at lower levels. 
The bullish trend accounts for a significant jump of 18% in the last three days, with a minimal intraday growth of 1.44%. From the technical chart, the high volumes support the recovery trend and form a triple white soldier pattern. This increases the possibility of a bullish trend as the pattern highlights trend continuation.&nbsp; 
Currently, the GRT price trades at $0.1898 with a minimal intraday move, forming a potential Doji candle.&nbsp;&nbsp; 
Technical Indicators: 
RSI Indicator: The daily RSI line gradually reverses from the nearly oversold zone, teasing a jump above the neutral line.&nbsp; 
MACD Indicator: Thanks to the recent comeback from the bullish side, the MACD and Signal lines are preparing a turnaround. With a potential reversal before crossing below the zero line, the MACD indicator may shortly signal a reversal trend.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-grt-price-reach-0-25">Will The GRT Price Reach $0.25?</h2> 
With the buyers stepping in at the $0.15 mark, the bull run chances in the Graph token price shoot up. Moreover, the chances of a prolonged rising channel improve significantly with the overall market recovery.&nbsp; 
The GRT price might soon surpass the psychological mark of $0.20. If things go well, the uptrend might surpass $0.20 and challenge the $0.25 mark. However, a reversal below $0.1753 could cause the token value to drop to $0.15.

GRT Price Eyes $0.20 Break For A 25% Upside Move

Table of Contents

CoinPedia News

Other articles published on Jan 12, 2024

UK police warn against Coscoin following £215k crypto scam

Bitcoin Plummets Below $45,000 Amid ETF Woes and Economic Data Release

Why Cathie Wood Placed 25% Of Her Wealth In Bitcoin: A Bold Bet Unveiled

Bitcoin Struggles to Break Resistance, Uncertain Trend Ahead

Dogecoin’s Critical Price Levels: Analysts Weigh In

Shiba Inu’s Token Burn Rate Surges, Sparking Interest Among Crypto Investors

Join our free newsletter for daily crypto updates!