- The price of the GRT coin has shown an advance of 147% in the previous year.
- The GRT coin has a market rank of #47.
The Graph (GRT) functions as a decentralized indexing protocol, empowering developers to efficiently retrieve data from blockchains.
It is crafted to furnish a scalable and dependable infrastructure for Web3 applications, enabling developers to construct decentralized applications (dApps) with swift and secure access to blockchain data.
The GRT coin is ranked #47 among the top global coin and it has a ranking of #45 for the market cap.
The market cap dominance of the GRT coin is 0.09%, which is quite impressive. The coin has shown a return of over 147% last year, indicating the existence of bullishness in the coin.
The 24-hour trading volume of the coin is $102 Million, also the coin has shown an increase in volume. The increasing volume suggests that the buyers are active in the market.
The Graph (GRT) Technical Analysis
The current market price of the GRT coin is $0.14, which increased nearly 4% in the last 24 hours. The price is currently in the uptrend and the price is forming a higher high pattern in the weekly timeframe.
The price of the coin has recently given a breakout from the falling wedge pattern and the price has shown an advance of more than 90% in the last five weeks.
The overall trend of the coin is positive and the price is likely to face a resistance at the $0.17 level. If the price surpasses this resistance, a further upmove can be seen in the upcoming days.
Mantle Coin Technical Indicator Views: Uncovering Market Insights
The MACD line of The Graph (GRT) coin is presently trending upwards, signaling a positive direction, and the price is showing a favorable crossover, indicating a potential upward movement in the days ahead.
Additionally, the RSI for The Graph coin is hovering around the 65 level, considered a positive zone, further suggesting a likelihood of a price increase.
Conclusion
The Graph (GRT) coin is on an upward trajectory, displaying an impressive return over the past year. The overall structure of the coin remains positive, complemented by indicators signaling positive outcomes. Hence, if the price break above the resistance level, further swing highs can be seen.
Technical Levels
- Support Levels: $0.17 and $0.20
- Resistance Levels: $0.11 and $0.078
Disclaimer
The views and opinions of the author, or anyone else in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.