The Graph Near Key Resistance With 5.82% Daily Gains and 170% Volume Surge

The Graph (GRT) is currently near a key technical juncture as it consolidates close to the 50-day moving average and tests the upper boundary of a descending channel between $0.098 and $0.102 [2]. Recent price action has shown repeated attempts to push beyond this resistance, with on-chain volume increasing by over 170% as buying interest appears to strengthen [2]. This surge in volume suggests that accumulation is underway, which could precede a decisive breakout.

The price has moved between $0.085 and $0.098 in recent sessions, forming a consolidation pattern that reflects growing interest from buyers [2]. Jonathan Carter noted that the repeated attempts to establish higher lows are weakening earlier bearish pressure and may signal the early stages of a potential bullish reversal [2]. The clustering of price near the upper channel line, combined with rising volume on upward moves, indicates that supply is being steadily absorbed [2].

A breakout above $0.0975–$0.0980 would open a clear path toward $0.100–$0.102, a level that aligns with historical supply zones and Carter’s initial target [2]. If this level is cleared with sustained momentum, it could trigger further gains, with staged price targets including $0.102, $0.115, and beyond, based on Carter’s analysis [2]. These levels represent key resistance areas where historical supply pressure may reemerge, requiring confirmation through a breakout-retest pattern to validate the continuation of the move.

On the downside, short-term support lies between $0.093 and $0.094, with deeper support at $0.088–$0.086, a demand zone that initiated the recent rally [2]. A failure to hold above this range could result in a retest of the $0.091–$0.092 level, where additional buying interest may emerge [2]. A daily close below the lower channel boundary would signal a return to broader consolidation.

The current price is at approximately $0.0946, with a daily increase of 5.82% and a 24-hour volume of $68.3 million [2]. Market capitalization stands at nearly $989 million, reflecting growing investor attention as the token positions itself for a potential breakout.

In the broader market context, GRT is benefiting from a favorable environment for altcoins, with many non-Bitcoin and non-Ethereum assets showing signs of momentum [4]. This aligns with an ongoing altcoin season, where increased participation and on-chain activity are common [4].

[1] Bitget. [https://www.bitget.com/price/the-graph/price-prediction](https://www.bitget.com/price/the-graph/price-prediction)

[2] TradingView. [https://www.tradingview.com/symbols/GTCUSDT.P/ideas/?exchange=BITUNIX](https://www.tradingview.com/symbols/GTCUSDT.P/ideas/?exchange=BITUNIX)

[3] TradingView. [https://www.tradingview.com/symbols/HIGHUSDT/ideas/?exchange=BITUNIX](https://www.tradingview.com/symbols/HIGHUSDT/ideas/?exchange=BITUNIX)

[4] worldmarketlive.com. [https://worldmarketlive.com/cryptocurrency/](https://worldmarketlive.com/cryptocurrency/)