GRT

The Graph (GRT) is a decentralized protocol for indexing and querying blockchain data, enabling efficient data retrieval for decentralized applications (dApps).

The GRT coin entered its current corrective trend in early March with a price pullback from $0.49. The bearish reversal saw the asset fall to the psychological support level of $2, a loss of nearly 60%.

The selling pressure in the altcoin market eased this week as the Bitcoin price stabilized above $60,000. The Graph coin (GRT) maintained above the $2 support level, rebounding by 1.2% and trading at $2.1. Meanwhile, the market capitalization surged to $2 billion.

A rebound from the $2 bottom could help buyers break above the overhead resistance trendline, thus continuing the current corrective trend. A potential breakout could signal the end of the corrective trend, paving the way for buyers to target the $1 mark. $BTC $BNB $SOL