$GRT is a great project with incredible value for blockchains. Unfortunately, GRT has not been able to detach from Bitcoin's movements yet as it remains relatively new to the market.
Currently, GRT is being rejected off the 50 EMA on the daily.
Having realized an 85% retracement from ATH of $3 and seeing this historical retracement continue across cryptocurrencies, the local high of $1.35 with 85% retracement gives a PT of $0.20.
Broader markets face significant headwinds and GRT will not be exempt from this.
Graph Protocol will recover to new ATH's when the markets recover, the value add to the space and developers is too great to ignore... either DCA and accept continued price declines or look for reversal crosses on 50 & 100 EMA with 200 EMA to the upside following retracement for optimal entry.
Currently, GRT is being rejected off the 50 EMA on the daily.
Having realized an 85% retracement from ATH of $3 and seeing this historical retracement continue across cryptocurrencies, the local high of $1.35 with 85% retracement gives a PT of $0.20.
Broader markets face significant headwinds and GRT will not be exempt from this.
Graph Protocol will recover to new ATH's when the markets recover, the value add to the space and developers is too great to ignore... either DCA and accept continued price declines or look for reversal crosses on 50 & 100 EMA with 200 EMA to the upside following retracement for optimal entry.