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The post <a href="https://coinpedia.org/price-analysis/grt-price-within-triangle-teases-breakout-run-to-0-45/">GRT Price Within Triangle Teases Breakout Run To $0.45</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As Bitcoin makes a bullish comeback this week, with an intraday jump of 2.44%, the altcoins market is ready for a reversal. Amidst the rising coins, the GRT price trend shows an intraday rise, teasing a bull cycle for a breakout run. 
With the underlying demand rising, the anticipation for a bull run in the Graph token price is also increasing. Will the growing demand result in a jump beyond the psychological mark of 50 cents? 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-triangle-breakout-chances-grow-for-graph">Triangle Breakout Chances Grow For Graph</h2> 
With a bullish bounce back from a long-coming support trendline, the GRT price sustains the higher low formation. However, the overhead supply driving the pullback leads to a resistance trendline.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291.png" alt="" class="wp-image-301893" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/13145850/image-291-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<a href="https://www.tradingview.com/x/2RtlsBuz/">Tradingview</a> 
As the two trendlines converge, the daily price chart shows a triangle pattern formation. Currently, the altcoin price trend shows a lower price rejection in the pullback cycle, teasing an uptrend to the resistance trendline. 
Currently, the GRT price trades at $0.2859, with an intraday move of 2.42% projecting a high likelihood of an uptrend. As the broader market finally gains momentum, the altcoin could shortly give a breakout rally. 
Technical Indicator: 
MACD: The bullish rise in the MACD and signal line faces opposition, resulting in convergence. As this threatens a crossover, the bullish reversal could reset the uptrend.&nbsp; 
RSI: The daily RSI line shows a rising trend sustaining above the halfway line.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-grt-price-reach-0-50">Will The GRT Price Reach $0.50?</h2> 
With the overhead trendline under stress in the daily chart, the GRT price is hinting at a breakout rally. Further, the 16% jump in trading volume supports the breakout possibility.&nbsp; 
As per the Fibonacci levels, a bull run above the 50% Fibonacci level could reach the previous swing high at $0.45. If the bullish momentum sustains, the altcoin could reach the psychological mark of $0.50.

GRT Price Within Triangle Teases Breakout Run To $0.45

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