Famous Crypto Analyst Rekt Capital's analysis of The Graph (GRT) showed a rally of +%146 from Range Low to Range High. In November 2023, GRT was in an Ascending Triangle formation, signaling a potential breakout. This breakout led to a 77% increase, bringing the price closer to the $0.37 resistance level. However, after reaching the High Range, GRT encountered resistance and then its value dropped.

GRT is currently consolidating between $0.15 and $0.37. In order to make any moves, GRT needs to reclaim the Range High at $0.3745 as a new support. On the other hand, a drop closer to the Lowest Range at $0.1532 could be an alternative entry point. Despite a 30% recovery from the mid-level of $0.23, there hasn't been a significant trend change. GRT continues to stay in the upper half of its macro range with important levels to watch for future movements.
The loss of support at $0.23 could push GRT towards the lower range of $0.15. Conversely, a successful recovery of Range High from $0.37 will be critical for the upward trend. Investors need to monitor these levels for potential opportunities.

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