<strong><em>GRT price action shows a sideways trend between the $0.93 and $0.128 marks and forms a reversal pattern ready to inflate market value.</em></strong>

Key technical points:
<ul>
 	<li>The GRT market price has decreased 4.64% over the past 24 hours.</li>
 	<li>The price trend jumps from the lower band of Bollinger Bands.</li>
 	<li>The 24-hour trading volume of The Graph is $55.75 Million, indicating a drop of 3.75%.</li>
</ul>
<h2><strong>Past Performance of GRT</strong></h2>
The <a href="https://www.cryptoknowmics.com/news/grt-technical-analysis-bullish-attempts-fail-to-break-bearish-trendline/">GRT</a> price surpasses the long-running resistance trendline, with the bullish reversal from the $0.093 horizontal level. However, the reversal comes with a rounding bottom, with the neckline being $0.128 following a series of long-tail candles, propelling the market value by 27% in the past four days.

<img src="https://s3.tradingview.com/snapshots/p/pt5nzsST.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/pt5nzsST/" target="_blank" rel="noopener">Tradingview</a>
<h2>GRT Technical Analysis</h2>
Today, GRT's price is down by 6.46% and is teasing a sideways trend that will eventually hit the overhead resistance of $0.128. But, those who want to profit from the bullish surge will find a more secure entry point near the neckline breakout. <strong>MACD indicator:</strong> Both the quick and slow lines return to the bullish alignment and weaken the earlier bearish crossover. The rising bullish histograms indicate an increase in the buying pressure and add points to the theory of bullish breakout.

<strong>Bollinger Bands:</strong> The bullish reversal begins out of the lower band before preparing for the midline.

<strong>RSI indicator:</strong> The RSI slope shows the underlying bullishness taking a hit as it reverses to retest the 14-day SMA.

In a nutshell, the GRT technical analysis forecasts a potential bullish breakout of a consolidation range.
<h2>Upcoming Trend</h2>
A bull run above the $0.128 neckline can trigger the breakout to the next supply zone at $0.20 if the <a href="https://coincodex.com/crypto/the-graph/" target="_blank" rel="nofollow noopener">GRT price</a> can stifle selling pressure, currently at $0.15.
On the other side, failing to break the overhead resistance may cause a downward trend that ranges from $0.10 or $0.128.

<strong>Resistance Levels:</strong> $0.065 and $0.075

<strong>Support Levels:</strong> $0.050 and $0.030

GRT Technical Analysis: Will GRT Prices Surpass the $0.128 Mark?

GRT Technical Analysis shows a sideways trend between the $0.93 and $0.128 marks and forms a reversal pattern ready to inflate market value.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

GRT Technical Analysis: Will GRT Prices Surpass the $0.128 Mark?

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