The native token of The Graph Ecosystem is GRT
At the time of writing, GRT is being traded at the rate of $0.7219 with an increase of almost 10% within the last 24 hours.
The low within this tenure was around $0.6592 and the high was approximately $0.7302. The coin as being in the watchlist of many traders makes it rank all the way up to number 47th according to the latest data released by coin market cap.
GRT during the month of February approached a near All-time High around the price of $2.8807. The trading volume today on the other hand has increased by almost 33.62%.
The top exchanges for trading GRT are currently Binance, OKEx, FTX
Technical Analysis – The Graph (GRT)
GRT has been dropping hard for a long time. For a long time, the price of GRT has shown reversal and started to a dropdown. This happened when the price failed to hold the level and couldn’t create a new higher high. The price dropped down and went into consolidation for a few days.
The price of GRT did print a green candle but wasn’t enough to create a reversal in the price and soon the trend continued towards the downside. This is an important part of the price now.
After this, the price went down and grabbed liquidity present below before doing a descending correction. Now what we can expect from the price is that it can go up and mitigate the equilibrium position. From there we can look for lower time confirmations and additional confirmations to know how it can react. Overall, the price action of GRT is now bullish and we can be pretty sure that the structure has reversed.
If the price drops down we can expect another leg upwards which would eventually take the price to the consolidation range. From there, we can expect another reaction to the price. If it becomes stable over that point, we can look for another higher high, otherwise, the price can drop down to the level below.
Price Prediction – The Graph (GRT)
GRT has been one of the slow gainers in the market. The price is still way low as compared to the all-time high. According to wallet investor, the price of GRT is to reach a value of $0.333 in a year. This means that according to wallet investors GRT is a bad investment.
