Technical analysis by The_Alchemist_Trader_ about Symbol GRT: Buy recommendation (13 hour ago)

GRT is consolidating in a weekly equilibrium above key Fibonacci support, with tightening Bollinger Bands signaling a likely volatility expansion. Bulls are watching the $0.11 level as the launchpad for a move toward $0.24. The Graph (GRT) is showing signs of strength within its current trading range. Price has been consolidating in a weekly equilibrium pattern, holding firmly above both the point of control (POC) and the 0.618 Fibonacci retracement. This setup highlights a critical technical juncture: whether GRT can establish $0.11 as a solid base for a bullish continuation. Meanwhile, the Bollinger Bands are compressing — a condition that usually precedes a strong directional move. Key Technical Points - Support at $0.11: Crucial Fibonacci and POC level holding as the base for continuation. - Bollinger Band Squeeze: Compression suggests imminent volatility expansion. - Upside Target at $0.24: Breakout confirmation likely to send price toward next major resistance. Price action on GRT has been forming a weekly equilibrium, with both higher lows and lower highs compressing price into a tighter range. The most significant factor is that support has consistently been found above the 0.618 Fibonacci retracement, aligning with the point of control on the volume profile. This confluence reinforces the $0.11 level as the most important technical threshold for bullish traders. The Bollinger Bands have been narrowing in recent sessions, which is often a precursor to sharp expansions in volatility. Historically, such squeezes tend to resolve in the direction of prevailing trend momentum, and in GRT’s case, the broader market structure remains biased to the upside. A decisive close above the short-term equilibrium would strengthen the case for bullish continuation. Should buyers reclaim momentum, the immediate upside objective becomes the $0.24 region, which is the next key resistance cluster. This level represents both a psychological barrier and a technical rejection zone from earlier trading activity. A breakout to this point would mark a significant continuation of GRT’s bullish trend, attracting additional momentum traders into the market. On the downside, failure to maintain $0.11 support could invalidate the bullish bias in the short term, opening the risk of a retracement deeper into the prior value area. However, as long as the POC and Fibonacci retracement remain intact, the prevailing market structure leans toward continuation rather than reversal. What to Expect in the Coming Price Action If GRT maintains support at $0.11 and confirms a breakout from the Bollinger Band squeeze, traders can expect a sharp move toward $0.24 in the near term. This expansion phase will likely define the next stage of trend direction, with bulls favored as long as price holds above Fibonacci and POC confluence.