Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
- 55% of the top GRT traders held long positions while 45% held short positions.
- Exchanges saw $15.77 million worth of GRT tokens leak.
The chart (GRT) looked poised for a significant rally as it formed a bullish price pattern at press time.
In addition, the asset has begun to attract significant attention from crypto enthusiasts, including traders and investors, as reported by on-chain analytics firm Coinglass.
16 million dollar BRT leak
Spot inflow and outflow data revealed that exchanges experienced a significant outflow of $15.77 million worth of GRT tokens over the past few days.
However, this outflow began shortly after GRT reached a level historically associated with price reversals.
Source: Coinglass
In the cryptocurrency landscape, outflow refers to the movement of assets from exchanges to long-term holders or investor portfolios. This indicates potential accumulation and suggests possible buying pressure.
Traders’ bullish bet
In addition to the bullish sentiment of long-term holders and investors, traders have also shown strong interest in the token, as revealed by the on-chain analytics firm.
At press time, the GRT Long/Short ratio was 1.20, indicating that for every long position of 1.20, there is one short position, reflecting strong bullish sentiment among traders.
At press time, 55% of GRT’s top traders held long positions, while 45% held short positions.
Strong bullish sentiment among traders and investors is potentially due to strong bullish price action.
Technical analysis and upcoming levels
According to AMBCrypto technical analysis, GRT appears to be forming a bullish falling wedge pattern on its daily time frame.
This pattern shows a downtrend where the price forms lower highs and lower lows, creating a narrowing descending channel.
Source: TradingView
In this pattern, the asset price repeatedly tests the lower trend line before eventually breaking above the upper trend line. At the time of writing, GRT was at the lower trendline and moving towards the upper trendline.
Based on recent price action, GRT could easily jump 15% to reach the upper trend line of the pattern.
However, if it breaks the pattern and closes a daily candle above the $0.22 level, there is a high probability that it will jump 50% to reach the $0.34 level in the coming days.
Read The Graph (GRT) Price Forecast 2025–2026
GRT was trading near $0.188 at press time after having an upward momentum of 3.75% in the last 24 hours.
However, during the same period, its trading volume increased by 4%, indicating a moderate increase in the participation of traders and investors compared to the previous days.
