GRT is Shooting by 30% Up
The Graph (GRT) has surged by 11.0% to $0.3080 this week, following the U.S. inflation data release on May 15. Technically, the token was primed for a lift-off last week when it broke out upward from a triangle pattern that had been forming for several weeks, indicating a potential strong directional move. This week, prices retested the triangle's resistance and began exploring an upward trajectory towards $0.4000. They successfully surpassed the $0.3000 resistance and are now heading towards the middle of the ascending channel that has been in place since October 19, 2023. This level is unlikely to hold prices down, giving GRT an excellent chance to achieve a 30% upside move.
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