The Graph (GRT) is up 7.1% to $0.1036 this week, outperforming the broader crypto market, where Bitcoin (BTC) is rising by 1.7% to $86,661. The token's surge appears to be driven by technical factors rather than any fundamental developments. Since launching its Web3 knowledge app, Geo Genesis, in early January, The Graph has shown little activity, making this recent move more likely a product of market dynamics.
GRT briefly fell below the key $0.1000 support level in early March but managed to stabilize near this threshold. Improved sentiment in the crypto market, fueled by the Federal Reserve’s dovish stance and reportedly softer tariff plans from Donald Trump, has helped push the token back above this level. If positive momentum continues, GRT could target the $0.1500 mark in the near term.
