Date: Wed, June 18, 2025 | 07:48 PM GMT
The cryptocurrency market is experiencing bearish volatility following mounting geopolitical tensions between Israel and Iran. Ethereum (ETH), one of the market leaders, has taken a sharper hit—declining by 11% in the past seven days and now trading at $2,500. Unsurprisingly, altcoins haven't been spared, and The Graph (GRT) is among the notable assets currently facing a pullback.
$GRT has seen a weekly drop of 16%, extending its monthly decline to around 24%. But amid the sea of red, a potentially bullish setup is quietly taking shape—one that mirrors a powerful fractal from GRT’s own chart history.
Source: Coinmarketcap
Fractal Suggests Bullish Reversal Ahead
A closer look at the daily chart for GRT reveals an eerily similar pattern to its early 2024 price action. Back then, GRT corrected nearly 34% within a descending channel—a structure often associated with bullish reversals. What followed was an explosive 111% rally, with GRT surging to nearly $0.35 and testing its long-term descending resistance trendline.
The Graph (GRT) Daily Chart/Coinsprobe (Source: Tradingview)
Now, history may be repeating itself.
Over the last few weeks, GRT has once again corrected—this time by 39%—within another descending channel. The token is now pressing against a key red-marked support zone, similar to the one that triggered its prior breakout. The technical structure suggests that a breakout could be in its early stages, echoing the bullish momentum that followed in the past.
What’s Next for GRT?
If this fractal continues to play out, GRT could be on the verge of another major upside move. A confirmed breakout from the current pattern—especially with increasing volume—could send the token flying toward $0.20-$0.21. This would align with the upper boundary of the descending resistance trendline, representing a potential upside of over 160% from current levels.
Still, caution is warranted. While the pattern appears strong, confirmation is essential—especially in a market clouded by global uncertainties. If the breakout attempt fails or lacks volume, the bullish setup could quickly break down, exposing GRT to further downside risks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions in the cryptocurrency market.
