In this The Graph technical analysis, we will examine the current price action, trading volume, key levels and indicators for GRT-USDT. The Graph (GRT) is a decentralized platform that indexes and queries blockchain data, enabling fast and seamless integration of decentralized applications (dApps) into the broader web3 ecosystem. With its novel indexing technology and powerful APIs, The Graph empowers developers to build and deploy dApps with ease, while providing end-users with a more intuitive and user-friendly experience. By leveraging The Graph’s robust infrastructure, the next generation of blockchain applications can be built and scaled, furthering the adoption of web3 technologies.
The Graph Price Overview:
As of October 02, 2023, The Graph is trading at approximately 0.0884 USDT. Let’s dive into the detailed price action for GRT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0933 |
| High (H) | 0.0935 |
| Low (L) | 0.0875 |
| Close (C) | 0.0884 |
| Volume (C) | 40,177,234.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0933 USDT.
- High (H): The Graph reached a daily high of around 0.0935 USDT.
- Low (L): The daily low for GRT-USDT was approximately 0.0875 USDT.
- Close (C): At the time of analysis, The Graph is trading near its daily close of 0.0884 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.25% |
| 3D Change (%) | 1.61% |
| 7D Change (%) | 0.45% |
| 30D Change (%) | 2.20% |
| 90D Change (%) | -30.61% |
| YTD Change (%) | 59.28% |
Over the past three days, GRTUSDT has risen by approximately 1.61%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.45%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GRTUSDT maintaining an upward trend of approximately 2.20%, despite intermittent fluctuations. Examining the last 90 days, GRTUSDT has witnessed substantial decline of approximately -30.61%, reflecting strong long-term confidence. Year-to-date, GRTUSDT has steadily appreciated by around 59.28%, 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-USDT 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 0.47064.
- Momentum score is 0.02197.
GRT USDT Technical Analysis
The Graph Trading Volume:
The trading volume for The Graph (GRT) over the past 24 hours has been significant, with approximately 40,177,234.00 USDT 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-USDT is currently in the neutral zone, around 46.71276. This suggests that The Graph is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
The Graph (GRT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
