CandleFocus

The Graph explodes 10%, bulls eye breakout

Author: Content Editor
The price of The Graph (GRT) has experienced a sharp rise, making it one of the top-performing coins. After struggling for upside momentum in recent months, the price has bounced off support levels around $0.13 multiple times, indicating that the bearish outlook has been invalidated. This increase in value is attributed to the overall bullish sentiment in the crypto market driven by the US elections and rising institutional demand. The Graph is also benefiting from the growing optimism in altcoins, with its price currently at $0.2295, representing an 8.7% increase in the past 24 hours and a 30% increase in the past week. The coin is showing signs of potential bullish continuation, with indicators favoring buyers. Open interest in The Graph futures contracts has also increased significantly, suggesting the potential for a new year-to-date high. Sustaining this upward pressure and breaking out to $1 will depend on market conditions and the geopolitical environment.

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