GRT Breakout Backed by Rising Volume May Rally Toward $0.20 If Momentum Holds Above Support
The post GRT Breakout Backed by Rising Volume May Rally Toward $0.20 If Momentum Holds Above Support appeared on BitcoinEthereumNews.com.
The Graph (GRT) has confirmed a technical breakout above long-term resistance, supported by rising volume and derivative flows. Analysts project a measured move toward $0.20 if momentum holds above the breakout zone, but elevated long positioning raises short-term volatility risk. GRT broke a long-term descending trendline with volume confirmation, opening room for upside. Analyst targets cluster near $0.20 based on Fibonacci extensions and prior liquidity zones. Derivatives data show a strong long bias (Binance long/short ~2.14), increasing volatility risk. The Graph (GRT) breakout confirmation: rising volume and derivatives signal upside toward $0.20—track momentum and risk management now. What is the GRT breakout confirmation and why it matters? The Graph (GRT) breakout confirmation is when price closed above a long-term descending trendline with above-average volume, signaling a shift from compression to expansion. This technical shift suggests renewed buyer conviction and a potential measured move toward the $0.20 region if momentum persists. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); How did price structure and volume validate the breakout? Price reclaimed the 9 EMA (~$0.0927) and the 50 SMA (~$0.0942) on the daily chart, with trading volume jumping ~83% to $125.3 million in 24 hours. These metrics confirm participation, reduce the likelihood of a false breakout, and align with Fibonacci targets near $0.20. The Graph (GRT) confirms a breakout with rising volume. Analysts project a rally toward $0.20 if momentum sustains…
