GRT Price Peaks After Steady Climb Since April — Bullish Pullback Expected

Key Takeaways

• GRT has completed a five-wave impulsive rally.
• Bearish divergence signals a likely short-term correction.
• ABC correction could reach as low as $0.087.

The Graph (GRT) has completed a notable five-wave impulsive recovery structure from its April low, with the price rising 100%. 

However, bearish divergence and wave structure completion signal a corrective phase’s onset.

In this analysis, we uncover whether GRT has the potential to continue its upward trajectory or whether its recent sign of weakness will lead to an immediate pullback.

GRT Price Analysis

The 4-hour chart shows that GRT completed a prolonged W-X-Y-X-Z correction ending on April 7 at $0.068.

A bullish five-wave impulse unfolded from the structure’s bottom, confirming a trend reversal as the price broke out of the descending channel at $0.80 on April 12.

The move from the bottom to the current peak of $0.132 corresponds to a completed motive wave (i)-(ii)-(iii)-(iv)-(v).

The price failed to reclaim the 0.236 Fibonacci retracement level from the previous major cycle high, which now acts as a strong resistance.

The momentum peaked in wave (iii), while wave (v) showed a weaker Relative Strength Index (RSI) on the 4-hour chart, signaling bearish divergence and exhaustion.

With GRT trading around $0.124, it remains above key reclaimed support zones at $0.107 and $0.087.

It attempted to proceed upward with another higher high but immediately experienced sellers’ pressure, falling back by 6.40%

Given this context, a retracement in the form of an ABC corrective wave will likely follow in the short term before another leg up.

GRT Price Prediction

The 1-hour time frame displays a clean five-wave advance completed at $0.132.

If this is true, it should be followed by an impulsive drop resembling wave (a) of a potential ABC correction.

A minor bounce is likely within wave (b), likely retesting the $0.120–$0.125 area.

If this bounce plays out, the final leg down in wave (c) may target deeper retracements, with $0.107 and $0.087 being prime support levels. 

The $0.107 level matches the previous consolidation and breakout zone, acting as potential demand on the way down.

Momentum-wise, RSI shows a clear bearish divergence and has broken its descending trendline, confirming reduced buying pressure.

The descending corrective projection suggests a full ABC decline over the coming days unless buyers reclaim $0.134.

If the correction is shallow, the price may only fall to $0.107 before resuming the bullish trend. 

However, a steeper correction toward $0.087 or even $0.068 is possible if broader market sentiment turns bearish.

The descending ABC move is expected to play out as the first bullish correction, establishing a higher low.

If the price action develops in this way, GRT would signal the start of a new bull phase with sustained growth moving forward.

Key Levels to Watch

• Immediate Resistance: $0.134 (0.236 Fib).
• Local Support: $0.107 (former resistance turned support).
• Deeper Support Zone: $0.087.
• Macro Low Support: $0.068 (March low/cycle bottom).