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The post <a href="https://coinpedia.org/price-analysis/grt-price-retest-phase-aims-a-bull-run-to-0-50/">GRT Price Retest Phase Aims A Bull Run To $0.50</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the Bitcoin price stagnates close to the $66K mark, the altcoins are on the verge of massive moves. Amidst such tokens, the GRT price shows a post-retest rally ready to spring into action and surpass multiple resistances. 
With the Bitcoin price ready to hit the $70K mark this week, will the altcoins siphon market momentum for a bull run? Will the post-retest rally with unleashed momentum surpass the psychological mark of 50 cents? For a long-term analysis, 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-triangle-breakout-in-graph-gains-traction">Triangle Breakout In Graph Gains Traction</h2> 
With the GRT price surpassing the overhead trendline, the daily chart shows a triangle breakout. This intrigues the sideline traders into a breakout entry opportunity, with an extended uptrend possibility.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/JHhdnfpbWVqU51BdAGdXs86ZdpDHJMS3joj3TtdH5mT34Sfw2uSt1Y9pDpHe_lU81Sx4m45ILPTx9RJnv2RbjuaoBQ9Up1v7eUNQ7r3pms5d1hcG44OYYj04OSqXo23udq7BproVHx3uqWN8I3l6LLI" alt="">
</figure> 
<a href="https://www.tradingview.com/x/LKS6PHGG/">Tradingview</a>&nbsp; 
As the daily chart shows the triangle breakout, the GRT price surpasses the 50% Fibonacci level. Further, the recent dump over the weekends retests the bullish breakout. 
Currently, the altcoin trades at $0.3116 with an intraday gain of 3.83% which undermines the fall on Sunday. Further, this marks a post-retest reversal in the Graph token. Hence, the chances of a bull run in this token are higher. 
Technical Indicator: 
DMI: The VI lines are getting closer, warning of a bearish uprising. However, the ADX line teases a bullish turnaround.&nbsp; 
RSI: The daily RSI line shows a bullish trend approaching the oversold zone. This reflects an undermine increase in demand for the token.&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 breakout rally gaining momentum with a successful retest in the daily chart, the GRT price is hinting at a extended rally.&nbsp; Based on Fibonacci retracement levels, if the altcoin surpasses the 50% level, it could potentially reach the previous swing high of $0.45. If the bullish momentum continues, it may further advance towards the significant psychological barrier of $0.50.

GRT Price Retest Phase Aims A Bull Run To $0.50

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