Will #GRT Finally Break Free From Its Falling Wedge? Key Levels

Yello, Paradisers! Are we about to witness a bullish breakout for #GRTUSDT, or could this falling wedge formation drag the price further down? Let's look at the latest setup of #TheGraph:

💎#GRT is currently trading within a falling wedge pattern along with a triple bottom pattern established in an 8-hour timeframe chart and showing a high probability of a bullish reversal from its current trajectory. However, patience is key as a breakout confirmation is essential before taking any decisive action.

💎#GRTUSD is approaching a critical resistance zone near $0.239, which aligns with the upper boundary of the wedge. A breakout above this level would signal bullish momentum and could pave the way for a sharp rally toward the $0.32–$0.33 zone, where sellers are likely to step in.

💎On the downside, $0.17 has been acting as a solid support zone, with buyers stepping in to defend this level each time the price approaches it. As long as this support is in place, the bullish scenario will remain valid. However, if this support fails then the asset will fall to the $0.134 support zone where buyers are expected to step in.

💎However, if the price closes below $0.134, the bullish setup would be invalidated, and the price could slide toward $0.12 or even retest the $0.10 zone, where further demand is expected.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
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