GRT Crypto Delighht Investors Wallet With 3x returns By 2024-endCan GRT Crypto Delighht Investors Wallet With 3x returns By 2024-end?
Currently, optimism around GRT's price is high, supported by strong fundamentals, on-chain metrics, and derivatives data. This data suggests the beginning of a sustained upward trend, leading to a potential price increase.
Recently, GRT's price has surged from the $0.1300 demand zone, which has historically yielded significant returns. From the last quarter of 2023 to the end of the first quarter of 2024, the price saw a remarkable 330% increase.
However, in the second quarter, the bullish momentum waned, leading to a decline. This decline formed a tight, narrow wedge, and this week's momentum has increased the chances of a breakout by surpassing the upper boundary and the 20-day EMA on an intraday basis.
Given the historical surge from this level, the current momentum could push the price past the 50-day and 200-day EMA bands. Sustaining above the 200-day EMA and the $0.2300 level would signify a change in market sentiment, boosting confidence.
Key resistance levels are at $0.2300 and $0.3500, while support levels are at $0.1130 and $0.0750.
