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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