Graph’s price prediction while GRT increases 15%


  • The price of Graph (GRT) rose 15% and exceeded $ 0.10, increasing as most Altcoins earned.
  • Bitcoin’s upward turn last week could boost the Altcoins, including GRT.
  • The price of the graph is above a key level after the rupture of a technical pattern.

The Graph (GRT) has emerged as one of the most prominent values ​​in the last rebound of cryptocurrencies, winning more than 15 % as the feeling in digital assets became markedly positive.

The movement follows Bitcoin’s rebound to more than $ 94,000, partly driven by speculation around a decrease in commercial tensions and a broader macroeconomic tail wind that raised risk assets, including shares.

That impulse extended to the Altcoins, with GRT among the main winners within the 100 largest tokens per market capitalization.

It should be noted that The Graph’s price action in the last 24 hours caused buyers to exceed a key technical pattern. This perspective reflects the fluctuations of sui and arbitr prices.

Graph’s price rises 15% as Altcoins rise

As mentioned, The Graph’s price has risen 15% on the last day. It has also risen more than 31% in the last week, which aligns with a broader rebound from the Altcoins after BTC exceeds $ 94,000. The chain activity, including the staffing by indexers and curators, continues to grow, which could promote new price profits for the Altcoin.

Currently, GRT quotes at $ 0.102, after having reached an intradic maximum of $ 0.103. The Altcoin, which has a volume of negotiation in 24 hours of $ 59 million (44% more) and a market capitalization of $ 997 million, is the 71st largest cryptocurrency.

The strong purchase impulse, promoted by the renewed interest in decentralized infrastructure projects, has promoted the price of The Graph above a key level. GRT reached its historical maximum of $ 2.88 in February 2021.

Can the GRT price drop to $ 0.2?

GRT recently broke a descending wedge pattern, a bullish technical configuration that often indicates a trend change. In most cases, a new test of a key obstacle and the subsequent explosive movement add to the intensity of a break.

As Point out An analyst in the graph below, the rupture of The Graph occurred when GRT exceeded the resistance level of $ 0.1. While it is not an important movement, it is an area that represents a key psychological and technical barrier with a descending wedge.

In the market, analysts see the descending wedge patterns, characterized by convergent tendency and decreasing volume, as indicative of a possible bullish turn.

Buyers intervene to boost upward prices. Recently, another analyst shared a GRT price chart that showed a “perfect ABCD harmonic pattern.”

According to Alpha Crypto Signal, the Altcoin was ready for a recovery, with this scenario developing in the weekly temporal framework.

If the positive feeling prevails, the price of GRT could reach $ 0.15 and then $ 0.2. However, if it is not maintained above $ 0.1, GRT could test the support around $ 0.072.





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