GRT USDT 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-USDT. The Graph is a decentralized platform that indexes and queries blockchain data, enabling fast and secure access to on-chain information. GRT is the native cryptocurrency of The Graph, powering the network’s operations and incentivizing participants to contribute value. With its innovative indexing technology and robust developer ecosystem, The Graph is poised to revolutionize the way we interact with blockchain data.

The Graph Price Overview:

As of May 13, 2024, The Graph is trading at approximately 0.2807 USDT. Let’s dive into the detailed price action for GRT-USDT:

Understand The Graph’s (GRTUSDT) challenges at 2.81e-01 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.2785
High (H) 0.2892
Low (L) 0.2608
Close (C) 0.2807
Volume (C) 69,147,885.00
  • Open (O): The opening price for today’s trading session was approximately 0.2785 USDT.
  • High (H): The Graph reached a daily high of around 0.2892 USDT.
  • Low (L): The daily low for GRT-USDT was approximately 0.2608 USDT.
  • Close (C): At the time of analysis, The Graph is trading near its daily close of 0.2807 USDT.
Metric Value
1D Change (%) 0.79%
3D Change (%) -3.84%
7D Change (%) -0.35%
30D Change (%) 19.65%
90D Change (%) 63.10%
YTD Change (%) 52.55%

Over the past three days, GRTUSDT has declined by approximately -3.84%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -0.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GRTUSDT maintaining an upward trend of approximately 19.65%, despite intermittent fluctuations. Examining the last 90 days, GRTUSDT has witnessed substantial increase of approximately 63.10%, reflecting strong long-term confidence. Year-to-date, GRTUSDT has steadily increased by around 52.55%, 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 0.80626.
  • Momentum score is -0.06961.

GRT USDT Technical Analysis

The Graph Trading Volume:

The trading volume for The Graph (GRT) over the past 24 hours has been insignificant, with approximately 69,147,885.00 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 48.76798. 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 insignificant trading volume are neutral signals for potential sideways movement.

Understand The Graph’s (GRTUSDT) challenges at 2.81e-01 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Explore more with our thorough insights on GRT BTC The Graph Technical Analysis — an essential read if you enjoyed the content of 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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