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  • Injective price jumps as bulls extend gains amid Bitcoin spike

    Injective price jumps as bulls extend gains amid Bitcoin spike

    Injective Bulls Take On Bears

    • Injective price is extending gains above the $10 mark.
    • Bitcoin’s rally above $105k and real-world assets tokenization catalysts could drive the INJ price higher.
    • INJ technical outlook is largely bullish.

    Injective (INJ) is among the top-performing altcoins on Monday as bullish sentiment sweeps through the cryptocurrency market.

    The token is trading above $13.60, lifted by renewed investor confidence following Bitcoin’s surge past $105,000.

    With macroeconomic optimism and progress on regulatory fronts driving broader market momentum, analysts suggest Bitcoin could challenge new all-time highs in the near term.

    This backdrop is fuelling capital rotation into altcoins, with projects like Injective benefiting from increased speculative interest.

    A layer-1 blockchain focused on decentralised finance and real-world asset tokenization, Injective has continued to attract attention as narratives around scalability and use-case-driven growth gain ground.

    Injective price extends gains above $10

    Injective (INJ) price is up 7% in the past 24 hours, gaining as top alts such as Ethereum, BNB, and Solana break to key levels.

    The price of INJ has surged after recently breaking past the $10 mark.

    Currently, it changes hands for around $13.62. However, it hovered at highs of $14.29 on May 12, 2025, to hit its highest level since late February.

    Amid the price gains, Injective’s market cap rose to $1.37 billion, although the 24-hour trading volume remained modest at $172 million.

    Having surged 46% in seven days and 67% in the last 30 days, the overall market interest might see bulls take control.

    Bitcoin rally and RWA tokenization drive INJ price

    While Bitcoin’s rally is fueling further optimism across the market, catalysts for INJ price also include strong institutional demand across its RWA ecosystem.

    Tokenization is a key tailwind for Injective, with a recent Four Pillars report highlighting how this sector is shaping up INJ for traction.

    Recent bull cycles have had DeFi, play-to-earn games, memecoins, and AI tokens explode.

    Now, analysts say while these areas see growth, the RWA market’s growth has blockchains like Injective in the spotlight.

    Injective’s network, optimized for the tokenization of traditional assets like stocks, stablecoins, and commodities, stands as a likely beneficiary.

    Investors eyeing an on-chain opportunity are increasingly seeing it as the go-to platform.

    RWA adoption may further boost INJ’s price momentum.

    Injective price technical outlook

    From a technical perspective, INJ’s daily chart paints a bullish picture.

    INJ chart by TradingView

    The daily Relative Strength Index (RSI) currently hovers in overbought territory.

    However, it’s not overly extended to suggest more room for bulls.

    If it sees a pullback, INJ will likely bounce off support around $11.05 and $10.22.

    This scenario may align with the Moving Average Convergence Divergence (MACD), which shows a bullish crossover.

    The histogram indicates an upward momentum. If this happens, bulls will target $16 and then $20.

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  • Pepe price jumps 40% on Bitcoin rally

    Pepe price jumps 40% on Bitcoin rally

    • Price broke resistance at $0.000009 amid 150% volume spike.
    • Whale accumulation triggered breakout to $0.000011 zone.
    • Target levels include $0.00001712, $0.00002118 and potentially $0.00006.

    The memecoin market is back in focus after Pepe recorded a dramatic 40% surge in the past 24 hours, outperforming Dogecoin, Shiba Inu, and other top tokens.

    The broader altcoin rally followed Bitcoin’s break past the $100,000 level and Ethereum crossing $2,200.

    As a result, memecoins are now leading gains across decentralised finance, with some tokens recording double-digit increases in a matter of hours as renewed investor confidence returns.

    Pepe, one of the more volatile assets in the segment, has just broken through a critical resistance at $0.000009 amid rising whale accumulation and a 150% jump in trading volumes.

    Technical indicators suggest this breakout could lead to a major price discovery phase and potentially a new all-time high for the token.

    Whale demand and volume boost fuel breakout

    Trading volume for Pepe skyrocketed as larger investors, often called ‘whales’, began accumulating substantial amounts of the token.

    The breakout above $0.000009 was seen as a major technical milestone, having acted as a stubborn resistance in the past.

    The price move was accompanied by a 150% increase in volume, pointing to strong market interest.

    Whale wallets reportedly bought millions of dollars’ worth of Pepe, which helped drive momentum past key price levels.

    At the time of writing, Pepe is trading at $0.00001334, having surpassed the $0.000011 range that previously marked the token’s April high.

    Source: CoinMarketCap

    Technicals point to next leg of bull run

    Pepe’s price chart shows a double-bottom reversal formation, with the neckline recently breached. Weekly technical indicators support a bullish continuation.

    The Relative Strength Index (RSI) is showing a breakout into overbought territory, while the MACD has flipped bullish with a crossover above the signal line.

    The token is currently testing its 200-day moving average on the weekly timeframe.

    If it maintains support above this level, analysts suggest a move towards $0.00001712 is possible, followed by a run to $0.00002118.

    Beyond that, the chart suggests Pepe could test the resistance channel top at around $0.00006, which would mark a new all-time high and potentially attract fresh speculative capital.

    Memecoin sector gains accelerate

    The broader memecoin market has seen significant gains in the past day.

    BOOK OF MEME jumped 30%, while Fartcoin, Mog Coin, FLOKI, and ApeCoin posted increases between 18% and 20%.

    Several others, including popular tokens in the top 100 by market cap, registered 15% gains or more.

    The rally is widely viewed as being fuelled by Bitcoin’s strength, which has historically served as a catalyst for speculative altcoins.

    Ethereum’s move above $2,200 has also restored confidence in riskier crypto assets, especially tokens with strong community backing like Pepe and others that have experienced prior bull cycles.

    Unlike some of the smaller tokens, Pepe has managed to break key resistance with strong on-chain activity.

    The bullish divergence across technical indicators hints at sustained buying interest, particularly as the meme sector enters what some traders call a “parabolic” phase with high volatility.

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  • SUI price breakout? Technical pattern signals move toward $4.25

    SUI price breakout? Technical pattern signals move toward $4.25

    Sui Surges As Altcoins Tap Upside Momentum

    • SUI price gains as token continues upside with monthly gains of over 85%
    • The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
    • Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.

    Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.

    With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.

    A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.

    One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.

    Gains see Sui ecosystem tokens rise

    The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.

    While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.

    Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.

    The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.

    Is Sui price set for a rally above $4?

    The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.

    In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.

    According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.

    He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.

    The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.

    Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.

    The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.

    From the current level, this will be a 29% increase.

    Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.

    While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.

    Sui’s traction as the blockchain network for digital asset ownership helps this outlook.

    Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.

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  • Pepe, dogwifhat see price gains amid altcoin spike

    Pepe, dogwifhat see price gains amid altcoin spike

    Pepe And Dogwifat Memecoins Jumped As Bitcoin Rose

    • PEPE jumped to above $0.0000092, up nearly 13% as volume spiked 46%.
    • Meanwhile, dogwifhat hit highs of $0.64, also up 13% as altcoins mirrored Bitcoin gains.
    • Analysts say President Donald Trump’s announcement of a trade deal with the UK could spark further gains.

    Pepe (PEPE) and dogwifhat (WIF) are among the top gainers in the crypto market today as Bitcoin rides bullish sentiment to near $100k.

    The meme coins, ranked 28th and 98th by market cap on CoinMarketCap, posted double-digit gains as Bitcoin rose 3%, hitting a two-month high alongside a broader rally in risk assets.

    PEPE traded at around $0.000009217, up by 12.59% at the time of writing. Whale activity suggests investor confidence.

    Meanwhile, dogwifhat hovered near $0.64, up 13% in the past 24 hours.

    The gains happened alongside a spike in trading volume, Pepe recording a 46% surge in daily volume to $766 million, while dogwifhat saw an increase of 44% to about $242 million.

    dogwifhat, Pepe surge as crypto reacts to trade deal news

    Bitcoin surged as investors reacted to President Donald Trump’s announcement of a massive trade deal between the United States and the United Kingdom.

    As risk-on sentiment kicked in, equities signaled a rally with futures up. Cryptocurrencies, including the memecoins PEPE and WIF, rose alongside Bitcoin, Ethereum, and Solana.

    EOS and Pudgy Penguins led the top performers.

    With the trade deal likely to be among many others lined up, analysts say an easing of tariff tensions could spark fresh market optimism.

    “President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,” QCP Capital analysts noted.

    “Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,” they added.

    PEPE and WIF price outlook

    While analysts urge a cautious approach as the US markets open, they see a BTC close above $100k as potentially adding to the upside.

    This scenario could see meme coins soar amid capital rotation into anticipated gainers.

    The surge in volume and open interest (+13% to $454 million for PEPE, and +16% to $244 million for dogwifhat) suggests strong interest in the tokens.

    If this sentiment holds as BTC rallies, buying pressure could see PEPE and WIF rise to key levels.

    WIF price could return to above $1 if bulls edge higher.

    Meanwhile, Pepe may see a zero taken off the price range, with recent hurdles at $0.000015 and $0.000020 key.

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  • Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    • Ichimoku and RSI indicators show no bullish momentum.
    • The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.
    • DOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback.

    Dogecoin is navigating a volatile phase as its price hovers just above key support levels.

    After hitting a local high near $0.2, DOGE has trended downward, raising fresh doubts about the memecoin’s strength in the current market.

    While leading cryptocurrencies like Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain momentum.

    The asset risks erasing nearly all gains from the past 30 days unless it can break through critical technical barriers and absorb significant short liquidations, estimated to exceed $500 million.

    The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.

    $0.165 zone is critical

    The Dogecoin price has hovered near a key liquidation zone at $0.165, where leverage from traders has accumulated above $500 million. This threshold is seen as a pivotal point for a potential short squeeze.

    Source: CoinMarketCap

    To break higher, the price may need to dip below this level to trigger liquidations, potentially forcing out short positions.

    Such a move could clear the way for a stronger rebound and extend the upward trend.

    This could allow bulls to target a return to $0.18 and eventually retest $0.2.

    Technical signals remain weak

    Technically, Dogecoin’s outlook remains weak. After failing to stay above its ascending trend line, DOGE has experienced sustained downward pressure.

    The Ichimoku cloud’s conversion line is acting as stiff resistance, and there’s no indication yet of a bullish crossover.

    Meanwhile, the Stochastic RSI has reversed after testing average levels, underscoring the growing influence of bearish sentiment.

    DOGE is expected to test support at $0.162, a level below the $0.164 liquidation zone.

    However, failure to hold this support could deepen the drawdown and prompt traders to reassess the memecoin’s long-term viability.

    $0.2 in 2025?

    While Dogecoin reached as high as $0.2 earlier this year, the question now is whether it can sustain such levels or rise further in 2025.

    For this to happen, the token must establish consistent upward momentum, clear resistance levels, and attract renewed investor interest.

    This appears challenging given its current technical weakness and absence of strong bullish signals.

    Still, market volatility could favour sharp movements in either direction. If the expected short squeeze plays out after testing $0.162 support, DOGE may rally back towards $0.18 and $0.2.

    But unless broader market conditions improve and sentiment shifts decisively, reaching the $0.5 mark in 2025 appears increasingly unlikely based on current data.

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  • Loopring price jumps 14% as daily volume skyrockets

    Loopring price jumps 14% as daily volume skyrockets

    Loopring Price Jumps As Bulls Charge With Massive Volume

    • Loopring (LRC) has surged more than 14% in the past 24 hours.
    • The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume.
    • If bulls hold onto gains, LRC price could target highs of $0.44 in the short term.

    Loopring (LRC), the native token of the Ethereum-based layer-2 scaling solution, has surged by 14% in the past 24 hours, accompanied by a notable spike in trading volume.

    According to data from CoinMarketCap, the price of LRC now hovers around $0.1058, suggesting fresh interest in the decentralized finance (DeFi) protocol.

    LRC’s rally, which comes with a massive spike in volume, follows Loopring’s recent announcement of its official DeFi documentation that highlights innovative earning and trading solutions.

    But could this push the Loopring price higher?

    Loopring price jumps to a month-high mark

    As data from CoinMarketCap shows, the 14% price jump has propelled Loopring to a month-high mark above $0.10.

    The gain aligns with a huge increase in trading activity, with LRC seeing a 2,600% jump in the 24 hours to over $204 million, at the time of writing.

    While other coins have posted similar surges, this suggests that investors are taking notice of Loopring’s latest developments.

    The project’s focus on redefining DeFi with a CeFi-like experience, while maintaining a trustless environment, seems to be resonating with the community.

    It combines with Loopring’s zkRollup technology, which enables faster and cheaper transactions on Ethereum, to indicate renewed optimism.

    LRC price prediction

    From a technical perspective, Loopring is showing signs of a potential breakout.

    The token is attempting to rebound from the lower border of a falling wedge pattern.

    A look at the weekly timeframe paints this setup, usually viewed as bullish by analysts.

    Loopring Price Chart From TradingView
    Loopring price chart by TradingView

    If this bounce confirms, LRC could rally toward $0.31 and $0.44 in the medium term.

    Such a move will represent a significant recovery for the token, with the projection aligning with the historical pattern of a falling wedge.

    It typically signals a reversal after a downtrend.

    However, the broader market sentiment will play a crucial role.

    On the downside, failure to break above this level could see LRC retest support near $0.07 and potentially $0.02.

    Loopring’s fundamentals, such as its focus on DeFi innovation and layer-2 scaling, provide a strong case for growth.

    Nonetheless, investors are likely to remain cautious amid inherent crypto market risks, including regulatory developments and market volatility

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  • will Bitcoin price soar past $100K as trade tensions ease?

    will Bitcoin price soar past $100K as trade tensions ease?

    Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K?

    • Trump acknowledged that the existing 145% US tariff on Chinese imports is ‘too high’.
    • Currently, the US and China are locked in a steep tariff battle.
    • Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

    US President Donald Trump has signaled a willingness to lower tariffs on Chinese goods.

    The announcement comes amid escalating speculation about how such a policy shift could impact inflation, interest rates, and digital assets like Bitcoin and Ethereum.

    Trump’s comments have already sparked renewed interest among crypto investors, who see a potential rally in the making.

    Speaking in a recent CNBC interview, President Trump acknowledged that the existing 145% US tariff on Chinese imports is “too high” and has effectively crippled bilateral trade.

    “At some point, I’m going to lower them,” he said, adding that China is eager to resume business with the United States.

    Trump’s remarks suggest that trade talks between the two global powers could be back on the table, with hopes of a more balanced economic relationship.

    Currently, the US and China are locked in a steep tariff battle, with Beijing retaliating by imposing a 125% duty on American goods.

    These tit-for-tat tariffs have disrupted global supply chains and contributed to higher prices for consumer goods ranging from electronics to clothing.

    Industry analysts believe that easing these levies could reduce inflationary pressure, thereby influencing the Federal Reserve’s monetary policy, particularly in holding back further interest rate hikes.

    From a crypto market perspective, the implications are significant.

    Historically, digital assets such as Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

    With tariff reduction on the horizon, crypto investors are betting on a resurgence in prices.

    Bitcoin, for instance, recently dipped below $80,000 but has since bounced back, trading above $94,000 at press time.

    Analysts predict that if sentiment continues to improve, Bitcoin could breach the $100,000 milestone, triggering a broader market rally.

    Beyond Bitcoin, altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also stand to gain from a more favorable economic environment.

    Reduced trade tension often translates to increased risk appetite, driving more capital into speculative assets like cryptocurrencies.

    Trump’s comments also hint at a broader economic recalibration.

    Lower tariffs could ease operational costs for American businesses and improve consumer sentiment, factors that indirectly feed into the crypto economy by increasing liquidity and investor confidence.

    While a final decision is yet to be made, the mere prospect of US–China trade normalization has already set the tone for a volatile yet potentially bullish phase in the crypto markets.

    As always, traders are advised to keep a close eye on policy shifts that could influence macroeconomic indicators and, by extension, digital asset prices.

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  • SIGN price rallies 80% as top crypto exchanges add token

    SIGN price rallies 80% as top crypto exchanges add token

    • Sign (SIGN) price has jumped more than 80% amid multiple exchange listings, including on South Korea’s largest crypto exchange.
    • Upbit plans to list SIGN trading pairs for Korean won, Bitcoin and Tether (USDT).
    • Profit taking could derail Sign price momentum.

    Sign (SIGN) is up more than 80% in the past 24 hours, skyrocketing as multiple exchanges and trading platforms list the token.

    As of writing, the SIGN token traded near $0.13, up 85% and likely to rally further following its listing on Upbit, the largest cryptocurrency exchange in South Korea.

    Market buzz as Sign surges

    Sign is an omni-chain attestation protocol designed to power on-chain claims for identity, ownership, and credentials.

    The Sign Protocol, which operates across multiple blockchains, aims to make attestation technology more accessible and user-friendly, embedding it into everyday digital interactions.

    With services like Token Table for on-chain token distribution, EthSign for web3 signing, and the Sign Protocol for omni-chain attestation.

    Meanwhile, the Sign (SIGN) token is the platform’s native token, used for gas fees, staking and airdrop rewards.

    SIGN token’s remarkable price rally comes as Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of the token.

    It joins other platforms, including Bitget, Bitrue and Gate.io in adding support for the token.

    The hype amid these developments have seen Sign’s token price jump sharply.

    Upbit plans to list SIGN with Korean won (KRW), Bitcoin (BTC), and Tether (USDT) trading pairs.

    Upbit said in a notice that deposits/withdrawals will open three hours after the announcement.

    However, the exchange did not provide an exact listing time for the token.

    Why does Upbit listing matter?

    South Korea is a major hub for crypto trading, and Upbit’s dominant position in the market has given SIGN a significant boost.

    The exchange’s decision to support SIGN reflects growing confidence in the project’s potential, especially given the fact that South Korean investors have historically shown massive enthusiasm for digital assets. Its listing of the token could help push prices higher.

    Notably, the trading volume of Sign (SIGN) has reached over $658 million, representing a staggering 1,462,136% increase in 24 hours.

    CoinGecko analysts indicate the spike signals a sharp rise in sentiment and market activity.

    Analysts are optimistic about its short-term trajectory, given the heightened trading volume and market interest.

    Price discovery may see buyers extend beyond $0.13, with momentum continuation benefiting from overall market performance.

    However, monitoring of whale activity could be key as is the fact that a reversal amid profit taking may be equally sharp and painful.

     

     

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  • 1INCH price up 15% as BTC gains: what’s driving 1inch higher?

    1INCH price up 15% as BTC gains: what’s driving 1inch higher?

    • 1inch price performance amid market recovery
    • The 1INCH token has spiked 15% in the past week amid Bitcoin’s rise to above $95k.
    • Could a key 1inch Investments Fund development help 1INCH price higher?

    The 1inch Network token (1INCH) has seen an impressive 15% surge over the past week, reaching $0.2089 as of April 28, 2025.

    According to CoinMarketCap data, this includes a nearly 4% spike in the past 24 hours.

    It’s an upward movement that aligns with a broader crypto market recovery, currently seeing Bitcoin (BTC) hover above a key level.

    As 1inch price looks to break higher, other altcoins such as Casper are rallying.

    Meanwhile, BTC is bidding for an uptick towards $100k – the psychological level that could buoy altcoins in the short term.

    Currently, Bitcoin price sits around $95,218, up 1.9% in the past 24 hours and nearly 10% in the past week.

    With the overall market sentiment seeing bulls take charge, it’s altcoins like 1INCH that could ride a wave of positive momentum to go parabolic.

    Why is 1INCH surging today?

    As noted above, 1inch price has traded higher amid Bitcoin’s spike to above $95k.

    It’s an overall outlook that could continue to dictate bulls’ performance.

    However, a likely key driver behind 1INCH’s price surge is the strategic moves by 1inch’s Investment Fund.

    According to Spot On Chain, the fund recently rotated profits from Wrapped Bitcoin (WBTC) into $1INCH.

    The fund has sold 70.76 WBTC for 6.68 million USDC and then used 1.05M USDC to buy back 5.23 million 1INCH at the average buy price of $0.199.

    This move signals strong confidence in 1INCH’s future value, especially given the fund’s historical success in trading its own token. Previously, 1inch achieved a 118% profit from trading.

    Additional tailwinds for 1INCH may have come from 1inch’s announcement of a new mobile wallet feature.

    This recent update, which enhances web3 accessibility, might be a key driver of 1inch adoption, increasing demand for the native 1INCH token.

    1INCH price prediction

    From a technical perspective, 1INCH shows promising signs for continued growth.

    The Relative Strength Index (RSI) currently sits around 65, indicating that the token is nearing overbought territory but still has room before hitting extreme levels above 80.

    This suggests sustained buying pressure, though traders should watch for potential pullbacks if RSI climbs higher.

    1inch chart by TradingView

     

    Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover.

    As can be seen in the chart above, the MACD line is above the signal line and has a positive histogram, reinforcing the upward trend.

    The price is also hugging the upper Bollinger Band. Based on this, $1INCH could target $0.24 in the short term, a level it previously reached in 2024. If this happens, bulls may eye new highs.

    However, if overbought conditions trigger profit-taking, a dip to $0.18 might occur as a key support level.

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  • The Graph price prediction as GRT surges 15%

    The Graph price prediction as GRT surges 15%

    • The Graph (GRT) price was up 15% and above $0.10, rising as most altcoins gained.
    • Bitcoin’s bullish flip this past week could boost altcoins, including GRT.
    • The Graph’s price is above a key level after a breakout of a technical pattern.

    The Graph (GRT) has emerged as one of the standout performers in the latest crypto rebound, gaining over 15% as sentiment across digital assets turned sharply positive.

    The move follows Bitcoin’s rally to above $94,000, driven in part by speculation around easing trade tensions and a broader macroeconomic tailwind that lifted risk assets, including equities.

    That momentum spread to altcoins, with GRT among the top gainers within the 100 largest tokens by market capitalization.

    Notably, The Graph’s price action in the past 24 hours saw buyers break above a key technical pattern.

    It’s an outlook that mirrors the moves for Sui and Arbitrum prices.

    The Graph price jumps 15% as altcoins rise

    As noted, The Graph’s price has climbed 15% in the past day. It is also more than 31% up in the past week, which aligns with a broader altcoin rally after BTC spiked to above $94k.

    On-chain activity, including staking by Indexers and Curators, continues to grow, potentially fueling further price gains for the altcoin.

    Currently, GRT is trading at $0.102, having jumped to an intraday high of $0.103.

    The altcoin, which boasts a 24-hour trading volume of $59 million (up 44%) and market cap of $997 million, is the 71st largest among cryptocurrencies.

    Strong buying momentum, driven by renewed interest in decentralized infrastructure projects, has pushed The Graph price above a key level.

    GRT reached its all-time high of $2.88 in February 2021.

    Can GRT price break to $0.2?

    GRT recently broke through a falling wedge pattern, a bullish technical setup that often signals a trend reversal.

    In most cases, a retest of a key hurdle and subsequent explosive move adds to the intensity of a breakout.

    As an analyst points out in the chart below, The Graph price’s breakout occurred as GRT surpassed the $0.1 resistance level.

    While not a major move, it’s an area representing a key psychological and technical barrier highlighted with a falling wedge.

    In the market, analysts look at falling wedge patterns, characterized by converging trend lines and declining volume, as indicative of a potential bullish flip. Buyers step in to push prices higher.

    Recently, another analyst shared a GRT price chart showing a “perfect ABCD harmonic pattern.”

    According to Alpha Crypto Signal, the altcoin was poised for a recovery, with this scenario unfolding on the weekly time frame.

    If positive sentiment prevails, GRT price could target $0.15 and then $0.2.

    However, failure to maintain above $0.1 might see GRT retest support near $0.072.

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