GRT BTC The Graph Technical Analysis

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By Frans van Elst

The Graph logo In this The Graph technical analysis, we will examine the current price action, trading volume, key levels and indicators for GRT-BTC. The Graph is a decentralized platform that enables users to query and explore blockchain data in real-time. With its novel indexing technology, The Graph allows developers to build scalable and secure web3 applications without the need for complex blockchain knowledge. By leveraging The Graph’s robust API and developer tools, users can easily access and analyze blockchain data to gain valuable insights into the decentralized ecosystem.

The Graph Price Overview:

As of June 10, 2024, The Graph is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for GRT-BTC:

Explore The Graph’s (GRTBTC) potential setbacks at 3.80e-06 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 537,070.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): The Graph reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for GRT-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, The Graph is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -1.30%
3D Change (%) -3.31%
7D Change (%) -11.01%
30D Change (%) -18.98%
90D Change (%) -39.00%
YTD Change (%) -12.84%

Over the past three days, GRTBTC has declined by approximately -3.31%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -11.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GRTBTC maintaining a downward trend of approximately -18.98%, despite intermittent fluctuations. Examining the last 90 days, GRTBTC has witnessed substantial drop of approximately -39.00%, reflecting strong long-term confidence. Year-to-date, GRTBTC has steadily decreased by around -12.84%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

The Graph Live Chart:

You can access a live price chart for GRT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.32915.
  • Momentum score is -0.2.

GRT BTC Technical Analysis

The Graph Trading Volume:

The trading volume for The Graph (GRT) over the past 24 hours has been insignificant, with approximately 537,070.00 BTC traded against GRT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): GRT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): The Graph is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for GRT-BTC is currently in the low zone, around 40.12803. This suggests that The Graph is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

The Graph (GRT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Explore The Graph’s (GRTBTC) potential setbacks at 3.80e-06 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on GRT USDT The Graph Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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