The Graph

Reversal

The post <a href="https://coinpedia.org/price-analysis/grt-price-prediction-graph-prepares-a-run-beyond-0-50/">GRT Price Prediction: Graph Prepares A Run Beyond $0.50</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a sharp rise in trend momentum, the GRT price is witnessing a trend reversal on the weekly charts. The skyrocketing trading volumes, the 78% jump within the last 20 days, and the overall optimism in the market fuel the bull run in the Graph token.&nbsp; 
Despite the good times starting for GRT hodlers, the bears still hold critical forts at higher levels, like the psychological mark of $0.50. Will the GRT Price reach $1? 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>. 
<h2 class="wp-block-heading" id="h-weekly-reversal-sets-the-graph-for-a-bull-run-nbsp">Weekly Reversal Sets The Graph For A Bull Run&nbsp;</h2> 
With a retest of the 50-week EMA, the GRT price takes off to form three consecutive bullish weekly candles. The sharp reversal accounts for a jump of almost 80% and challenges the $0.30 mark.&nbsp; 
Source- <a href="https://www.tradingview.com/x/RkNevJC7/">Tradingview</a> 
Further, the $0.30 mark aligns with the 23.60% Fibonacci level that marks a critical bearish dominance. Hence, the breakout of this level will mark an excellent buying spot for sideline traders.&nbsp; 
Currently, the GRT price trades at $0.2738 with an intraday fall of 2.41%, as a pullback of the 12.78% jump last night.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-grt-price-break-past-0-50">Will The GRT Price Break Past $0.50?</h2> 
Despite the GRT price being at a discount of 90.55% from the all-time high of $2.88, the trend reversal revives the hope of a new all-time high. However, the long road ahead has multiple bearish pit stops that may lead to intense pullback along the way.&nbsp; 
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 <img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-1024x483.png" alt="" class="wp-image-271916" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/22111020/image-160.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<a href="https://www.tradingview.com/x/ICUbzUHH/">Tradingview</a> 
Currently, the GRT price faces a similar bearish stop at the confluence of the overhead resistance trendline and the $0.30 mark. However, the 78% rise in trading volume supporting the bull run projects a high breakout possibility.&nbsp; 
In such a case, the breakout run could surpass the $0.50 psychological mark for a quick jump to $0.68. 
Technical Indicators: 
DMI Indicator: The rising ADX line and the positive alignment of the VI lines reflect increasing bullish momentum.&nbsp;

GRT Price Prediction: Graph Prepares A Run Beyond $0.50

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