The Graph (GRT) is up by an impressive 21.4% this week to $0.1022, sharply outperforming the broader crypto market, where Bitcoin (BTC) has gained 10.2% to $93,835. This rally appears to be technically driven, as GRT had recently dropped well below the key $0.1000 support level. With sentiment improving, the token rebounded quickly once that level was reclaimed.
Bitcoin's climb above the major resistance range at $90,000–92,000 is an encouraging signal for the overall market, though a clean break above $95,000 would offer a stronger confirmation of bullish momentum. If that occurs, it could ignite a broader rally across altcoins, including GRT.
For now, GRT is targeting the next major resistance around $0.1500, with further upside likely if Bitcoin continues to lead the way.
