Graph Price Analysis: Will $0.105 Breakout Resolve Uncertainty Among GRT Traders?

On July 16th, the Graph (GRT) price pierced a two-month-long resistance trendline, hoping to kickstart a new recovery run. The post-retest rally has surged the altcoin by 13.57% on the intraday level and breached the $0.105 resistance.

Timeline of The-graph

Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most from June 24 to July 1, including The Graph (GRT), which has created a bullish pattern. The post The Graph (GRT) Creates Double Bottom After New All-Time Low: Biggest Weekly Losers appeared first on BeInCrypto.

The Graph(GRT) price surpasses the long-coming resistance trendline with a reversal from the $0.093 support level. The increased demand for the altcoin brings a reversal as the overall market takes a break from the falling trend.

The Graph token is arguably one of the crypto projects that have a bright future thanks to its strong fundamentals and unique focus. However, GRT's price action has been crashing in tandem with the rest of the crypto market, thus failing reflect the network's growth.

The GRT/USDT pair retest a highly influential descending trendline which has carried the last two-month downtrend. Furthermore, the falling price hit a low at $0.119 and turned to walk a sideways path.

The Graph price analysis suggests an uptrend as a green candlestick has appeared on the price chart today. Bulls have tried to make a comeback after the price function covered range downwards for the last two days.

The Graph (GRT) achieved a new April low on 25 April at $0.32, allowing its price to extend its monthly decline past 40%. It quickly bounced back slightly over 20% from its new monthly low.