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?