GRT seems to be set for a Rebound. The price has just broken through the previous descending channel that was suppressing it, which is a fairly clear signal. From the market structure perspective, the previous downtrend should have reversed, and the downside potential should be limited now, with a high probability that the cycle low has already occurred. Momentum is accumulating, and upward momentum is being established. From a medium-term perspective, the target price of $5 is quite realistic. Of course, this reversal still needs to be observed and confirmed, but the current technical signals are still relatively optimistic.
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GRT seems to be set for a Rebound. The price has just broken through the previous descending channel that was suppressing it, which is a fairly clear signal. From the market structure perspective, the previous downtrend should have reversed, and the downside potential should be limited now, with a high probability that the cycle low has already occurred. Momentum is accumulating, and upward momentum is being established. From a medium-term perspective, the target price of $5 is quite realistic. Of course, this reversal still needs to be observed and confirmed, but the current technical signals are still relatively optimistic.