The post <a href="https://coinpedia.org/price-analysis/grt-price-prediction-buyers-set-graph-for-0-50-breakout/">GRT Price Prediction: Buyers Set Graph For $0.50 Breakout</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the bullish reversal in late 2023, the <a href="https://markets.coinpedia.org/the-graph/" target="_blank" rel="noreferrer noopener">GRT price</a> is picking up the bullish pace with the support of the 50-week EMA. Further, the bull market increases the confidence of investors to diversify into the altcoins for quick jumps.&nbsp; 
With a streak of bullish candles, the Graph ranks at #42 in the top 50 coins with a market of $3 Billion. Trading close to the newly formed 52W high, the graph is teasing a bullish trend to hit the $1 mark potentially. Check out our <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/">GRT price prediction</a> for a long-term analysis. 
<h2 class="wp-block-heading" id="h-breakout-in-weekly-chart-hints-at-a-bull-run-nbsp">Breakout in Weekly Chart Hints At A Bull Run&nbsp;</h2> 
Taking off from the dynamically rising 50-week EMA, the GRT price is heading for a new bull run with a 110% jump in the last four weeks. Further, the ongoing recovery breaks above the 23.60% Fibonacci level, teasing a trend continuation. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/M5mD9gWTt8EqFgigwlTstvU8_nt7wIzaYOSn6bI2UTAYrx86Chcifr_p1GSE9VF_xISfPGhZx6kSG_GnztSPAPSbZ-9ccUefJIohgjs5QWqZeY_hLIBdqznsWfvS-ck4tRCNfHTpVhr30LOgz6PlSKU" alt="">
</figure> 
Source- <a href="https://www.tradingview.com/x/KdyRRcyU/">Tradingview</a> 
The GRT price crossing above the $0.30 mark results in a psychological comeback for the altcoin and increases the chances of an upside run. Currently, the weekly candle showcases a lower price rejection and offers a potentially bullish closing above the broken Fib level this week. 
Currently, the GRT price trades at $0.3200, with an intraday move of 1.54%, a pullback from yesterday’s 16% overnight hike.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/hbar-price-eyes-a-breakout-for-40-extended-bull-run/">HBAR Price Eyes A Breakout For 40% Extended Bull Run</a> 
<h2 class="wp-block-heading" id="h-will-the-grt-price-break-past-0-50">Will The GRT Price Break Past $0.50?</h2> 
With the overhead trendline breakout in the daily chart, the altcoin price is hinting at a significant rise in the underlying demand. Further, the 20% rise in trading volume supports the bullish trend.&nbsp; 
Currently, the GRT price projects the $0.30 breakout as a pivotal milestone. Further, the Fibonacci levels present the $0.45 and $0.58 as the next potential targets for the altcoin. Optimistically, a trend continuation can lead to a $1 breakout in the coming months.&nbsp; 
Technical Indicators: 
RSI Indicator: The weekly RSI line enters the overbought territory, bolstering the uptrend potential.&nbsp;

GRT Price Prediction: Buyers Set Graph For $0.50 Breakout

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