GRT/USDT at a Critical Point! Reversal Structure or Breakdown?

📊 Full Technical Analysis – GRT/USDT (1W Timeframe)

🔎 Overview:

GRT is currently positioned at one of the most critical technical levels in its long-term structure. After a prolonged downtrend from the $2.88 all-time high, price is once again testing the historical demand zone between $0.07 – $0.09, which has repeatedly acted as a strong support level since mid-2022. This area represents a major accumulation zone, where smart money may be silently positioning.


🧠 Structure & Pattern Formation:

✅ Historical Demand Zone (Major Support Area):

The $0.07 – $0.09 range has been tested over 5 times in the last 2 years, showing strong demand.

This zone also acts as the potential base of a double bottom pattern, indicating a possible macro reversal.


🟡 Double Bottom Potential (Reversal Pattern):

Two nearly equal lows forming around this demand area hint at a classic double bottom formation.

Confirmation comes if price breaks and holds above $0.1281 resistance.


🔻 Declining Selling Pressure:

Sellers appear to be losing momentum, as seen in the declining weekly volume.

This could signal distribution is ending and accumulation is underway.


📈 Bullish Scenario:

If GRT holds this critical support and breaks above key resistance, a strong mid-term rally may follow:

1. Breakout Confirmation:

Valid if the weekly candle closes above $0.1281.

2. Upside Targets (Fibonacci + Historical Resistance):

🎯 $0.1868 → minor resistance / past consolidation zone.

🎯 $0.2402 → previous rejection area.

🎯 $0.3233 → key Fibonacci retracement level.

🎯 $0.4352 → strong horizontal resistance.

🎯 $0.5285 → mid-term bullish target.

3. Ideal Bullish Conditions:

Bullish divergence on the weekly RSI.

Increasing volume on breakout confirmation.


📉 Bearish Scenario:

If the support fails to hold, GRT could face further downside:

1. Breakdown Below $0.07 – $0.09 Zone:

⚠️ $0.0550 → minor support.

⚠️ $0.0300 → All-Time Low and psychological support.

2. Deeper Risk:

If panic selling occurs or broader market sentiment worsens, GRT may print new lows, continuing its long-term bearish trend.


🧭 Conclusion & Strategy:

> GRT is in a highly interesting accumulation phase from a technical perspective.
The risk-to-reward from this support zone is attractive, with signs of a potential reversal building. However, traders should wait for confirmation and always use proper risk management.


Entry Strategy:

Speculative entry: inside the $0.08–$0.09 zone (tight stop-loss below $0.07).

Confirmed entry: after breakout and weekly close above $0.1281 (targeting levels mentioned above).

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