The Graph ($GRT) Yet to Reach Its Yearly High
In the past one and a half months, GRT increased by 110%, primarily due to the positive trajectory of Bitcoin (BTC). Despite this surge, GRT has not yet reached its yearly high, which is 52% higher than its current price, sitting at the $0.23 mark.
The primary outlook for GRT, similar to many other altcoins, is to continue its upward trend. If it can break through the selling zone of $0.155-$0.165, the next targets for buyers would be around $0.17 and $0.19.
A market correction remains a plausible scenario, given the lack of significant downturns in Bitcoin's chart recently. Under such circumstances, GRT could potentially test support zones at $0.120-$0.130, $0.107-$0.115, and $0.101. These points might present good opportunities for accumulating the asset in the spot market, particularly if BTC stays above the critical $30,000 level.
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