GRT Prices Ready To Outgrow The Triangle, Aims at $0.20
- GRT price action has formed a triangle pattern, suggesting a possible breakout in the near future.
- The triangle breakout could propel GRT prices toward the $0.20 mark, a significant psychological level.
- Following a 288% recovery in early 2023, GRT prices failed to breach the $0.20 threshold, leading to a decline. Despite the declining trend, prices found consistent support at the $0.10 level.
- Current GRT prices hover around $0.1101, finding support at the 38.20% Fibonacci level. The trend nears the triangle tip, indicating a likely breakout.
- Volume has been decreasing, which may indicate a potential price bounceback.
- The RSI line is following a declining trend and is currently beneath the halfway mark, suggesting a bearish sentiment.
- Despite a 1.61% drop in the last 24 hours, if prices manage to hold above the $0.115 support level, a bullish breakout may occur. This could take GRT prices above the $0.15 level, near the 61.8% Fibonacci level, and possibly up to $0.20.
- Conversely, if a downward breakout happens, GRT prices could fall by 20%, potentially testing the 23.60% Fibonacci level at the $0.0886 mark.