• GRT trades near $0.1037 after breaking triangle pattern with resistance at 100-day MA.
• RSI at 55–60 and bullish MACD crossover signal growing momentum on GRT daily chart.
• GRT trading volume drops 40 percent as price eyes $0.115 with support near $0.095.

The Graph (GRT) is currently trading close to $0.1037, which is a 1.14% rise from the previous day. The asset has broken out of the descending triangle breakout zone and is now facing resistance at the 100-day moving average. This level is a very important sign that a trend may be about to change in the medium term.

If GRT stays above the moving average, analysts point out a few upside targets. The first goal is $0.115, then $0.130, and finally $0.149. If the market keeps going up, the price could reach $0.165 and $0.184. On the other hand, support is still between $0.085 and $0.095. If the price drops below $0.095, the bullish scenario may lose strength.

Technical levels indicate to bullish trend

Relative Strength Index (RSI) at the daily chart is at around 55-60 indicating that the momentum is bullish yet the month is not overbought. In addition, MACD has just experienced a bullish crossover, and this, perhaps, may indicate that a price increase can occur in case the volume backs this activity.

Short-term indicators back up the positive outlook. The RSI is at 62.84 on the 1-minute timeframe, which means that buyers are still in charge. The MACD histogram has gone up, which means there is upward pressure. But analysts say that when the market is overbought, it may pull back a little before going up again.

Market Data and Future Plans

The market cap of GRT was $1.02 billion, and the trading volume in the last 24 hours was $66.9 million, which is 40% less than the previous session. Liquidity is still moderate, with a volume-to-market cap ratio of 6.53%. There are 9.9 billion tokens in circulation out of a total of 10.88 billion.

GRT needs to close above $0.106 to keep the bullish momentum going. If it breaks through this level, it could go up to $0.110 and then $0.115. On the other hand, if it doesn’t stay above $0.103, it might have to test the $0.100 support zone again.