GRT +303.37% in 24 Hours Amid Sharp Short-Term Surge

On SEP 8 2025, GRT rose by 303.37% within 24 hours to reach $0.0915, GRT rose by 257.27% within 7 days, rose by 373.3% within 1 month, and dropped by 5408.11% within 1 year.

The token's dramatic 24-hour gain stands as one of the largest single-day price increases observed in recent months. While the one-year decline remains steep at over 5400%, the recent surge has sparked renewed attention from traders and observers. The performance reflects a strong short-term buying interest, which may be attributed to on-chain activity and strategic liquidity moves. Analysts project that the near-term volatility could continue, but long-term bearish fundamentals remain in place based on broader market trends.

Technical indicators suggest a rapid shift in momentum. The Relative Strength Index (RSI) has surged into overbought territory, signaling the potential for a near-term pullback. The Moving Average Convergence Divergence (MACD) has also turned sharply positive, aligning with the recent bullish breakout. These readings reinforce the idea that the recent rally is driven by momentum rather than fundamental strength, and may be followed by consolidation or a reversal in the coming sessions.

Backtest Hypothesis

A hypothetical backtesting strategy has been outlined to evaluate potential trades based on the recent GRT price behavior. This approach relies on technical indicators such as RSI and MACD, which have shown consistent responsiveness to price shifts in the token. The strategy involves entering long positions when RSI crosses above 60 and MACD turns positive, with an exit signal when RSI falls below 40 or a specified stop-loss is triggered.

The backtest would simulate the strategy over a historical window to gauge its effectiveness in capturing short-term gains while managing downside risk. Given the recent sharp rise and overbought conditions, the strategy may help identify high-probability entries for momentum traders, although it does not account for broader macroeconomic variables or unexpected on-chain events.