The Graph (GRT): Preparing for Liftoff – Short-Term Breakout in📈 The Graph (GRT): Preparing for Liftoff 🚀 – Short-Term Breakout in Play!
Building on the big picture, GRT is showing signs of breaking out from its descending channel on the 1H chart, which could spark a move toward the next major targets. With critical support holding and bullish momentum building, it’s time to watch this sleeping giant closely.
Short-Term Key Levels to Watch:
Immediate Resistance: $0.2299 – A breakout above this level could ignite momentum toward higher targets.
Target Zone: $0.3197 – Short-term resistance that aligns with the broader setup.
Primary Target: $0.4093 – A retest of this level aligns with the bullish breakout narrative.
How It Connects to the Bigger Picture
In the big chart, we highlighted $1.0320 as the long-term target for GRT, based on its role as a Web3 indexing powerhouse and critical technical levels. This smaller move could serve as the first leg up in a larger bullish continuation.
Why GRT Could Wake Up Soon:
Descending Channel Breakout: A potential reversal pattern is forming, indicating a shift in sentiment.
Strong Fundamentals: As the “Google of Blockchain,” The Graph continues to power decentralized apps across Ethereum, Polygon, and Arbitrum.
AI + Data Narrative: GRT could capitalize on the growing interest in AI and data-driven crypto projects.
GRT is waking up, and it might not stay quiet for long. Keep an eye on the short-term breakout above $0.2299 and the rally to $0.4093 and beyond. Are you bullish on GRT? Share your thoughts below! 👇
One Love,
The FXPROFESSOR 💙
