TheGraph price was contained inside a descending triangle pattern. The digital asset has clearly broken out of the pattern which has a target of $2.8. GRT faces weak resistance above $2.1 despite whales selling. TheGraph price had a significant 10% breakout from a key pattern on the 4-hour chart and aims for a long-term target of $2.8. There is barely any resistance above this point which means GRT will quickly rise. TheGraph price should quickly rise towards $2.8 On the 4-hour chart, GRT saw a significant breakout above a key resistance trendline part of the descending triangle pattern. The price target is all the way up at $2.8 as bulls have also reclaimed the 26-EMA support level. GRT/USD 4-hour chart According to the In/Out of the Money Around Price (IOMAP) chart, there seems to be fairly weak resistance above $2.1. The most significant area is located between $2.3 and $2.36 where 1,330 addresses produced 32.68 million GRT in volume. GRT IOMAP chart The only concerning trend for GRT is the selling pressure coming on from whales. Since December 24, 2020, whales holding between 1,000,000 and 10,000,000 coins have been selling a lot. In the past week alone, the number of these large holders dropped by 13, which is significant. GRT Holders Distribution This factor could drive TheGraph price down to the previous resistance trendline, currently at $1.88 for a re-test. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD is at risk of resuming its decline after failing to run beyond 1.1900 FX Street 1 year TheGraph price was contained inside a descending triangle pattern. The digital asset has clearly broken out of the pattern which has a target of $2.8. GRT faces weak resistance above $2.1 despite whales selling. TheGraph price had a significant 10% breakout from a key pattern on the 4-hour chart and aims for a long-term target of $2.8. There is barely any resistance above this point which means GRT will quickly rise. TheGraph price should quickly rise towards $2.8 On the 4-hour chart, GRT saw a significant breakout above a key resistance trendline part of the descending triangle pattern. The price… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.