The Graph Price Analysis: Will GRT maintain above $0.080


  • GRT has its next resistance at $0.092.
  • The Graph is presently valued at $0.088
  • 24-hour trading volume for The Graph is hovering at $13,906,470.00.
  • GRT/USD pair trading below EMA(20).

24 September 2023 : In this article we will walk you through The Graph price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for The Graph, Is GRT a good investment? The Graph support & resistance levels etc. But before diving deep into the GRT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,404,520,847. The total trading volume stands at $14,747,385,253. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,588.00 level after an upward movement of 0.05%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.16 percent reaching to $1,594.37 during the previous 24 hours.
While publishing this blog, BNB traded at $210.67, following a price change of -0.03%within the same time frame. XRP the native coin of XRP is up by 0.17 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

The Graph Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of The Graph (GRT)

GRT Resistance Levels GRT Support Levels
Resistance Level 1 $0.092 Support Level 1 $0.080
Resistance Level 2 $0.097 Support Level 2 $0.074
Resistance Level 3 $0.10 Support Level 3 $0.069

The Graph Performance

The price of The Graph (GRT) is at $0.088, down -1.01% in the past 24-hours and has a price change of 1.73% over the week. One day trading volume for BTC is 13,906,470.00 USD while total marketcap reached $807,534,326.00 USD. There are almost 9,228,636,134 are in circulation out of 10758221867.

The Graph Price Analysis

GRT price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the The Graph.

Moving Averages Price Indicator
Simple Moving Average (10) 0.088 Sell
Exponential Moving Average (10) 0.088 Sell
Simple Moving Average (20) 0.093 Sell
Exponential Moving Average (20) 0.092 Sell
Simple Moving Average (50) 0.10 Sell
Exponential Moving Average (50) 0.100 Sell

The Relative strength index (RSI) for GRT Coin is currently hovering at 14 for 14-days average line, which means GRT is in oversold zone and a trend reversal is possible. While GRT’s Williams %R indicator is at -69.708 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The GRT/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The immediate resistance for GRT is found at $0.092, and a breakout from this level could leads towards the next resistance, which can be found at $0.097. On the other hand, if the bear take control and GRT price fails to break out above $0.092, it could fall back towards the crucial support at $0.080.

Conclusions

According to the The Graph (GRT) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.