The crypto market turned strongly bullish in the last two days, as the January CPI data of 6.4% was released by The U.S. Bureau of Labor Statistics. As a result, the Graph token price rebounded from the $0.141 support and jumped 17.3%. Furthermore, this bullish reversal also revealed the formation of a double bottom pattern in a four-hour time frame chart.
Key Points:
The formation of a double bottom pattern indicates the Graph token sustainability above the $0.14 support.
A bullish breakout from $0.175 resistance for entry opportunity for traders with a 20% gain on the horizon
The intraday trading volume in the Graph is $313 Million, indicating a 120% gain.
Source- Tradingview
Along with a majority of major cryptocurrencies, the Graph token price entered a correction phase at the beginning of February 2023. As a result, the coin price tumbled 32.5% from the local top of $0.21 and reached a local support zone of $0.14-$0.135.
Furthermore, the GRT price consolidated above this support
We współpracy z: https://coingape.com/markets/graph-token-price-back-on-recovery-track-aims-for-20-upswing/
