GRT crypto pulls back 8.5% – Is $0.020 The Graph’s next buy zone?

The Graph [GRT] has shed 8.5% in the past 24 hours as Bitcoin [BTC] faced a correction from $87.4k to $83k. Yet, over the past week, the altcoin has rallied 37.7%. The Altcoin Index was at 51 at the time of writing.

Tether Dominance has fallen from 8.5% in mid-August to 6.52% at the time of writing. Notably, Bitcoin Dominance has declined in September, too, pointing to capital flow into altcoins and a risk-on short-term outlook from crypto market participants.

As a result of this bullish sentiment, GRT crypto has made sizable gains since forming the swing low at $0.013 in August. In five weeks, GRT crypto has rallied 90% from the previous month’s swing low.

Has GRT crypto’s long-term trend shifted bullishly?

Technically, the GRT crypto trend shifted bullishly when the downtrend’s most recent lower high at $0.01947 (green) was breached on the 6th of September. However, the $0.023-$0.030 area was a consolidation phase from earlier in 2026 that cannot be ignored.

The GRT tokens bought during this consolidation ahead of a recovery would only now be nearing or slightly surpassing their breakeven prices. Hence, it is a particularly strong supply zone.

Moreover, the bearish order block (red) at $0.026-$0.30 is one to watch. A daily session close above $0.030 would be a reliable signal of bullish dominance.