GRT Price Prediction 2024: Will The Graph Reach $0.182386 by Nov 08, 2024?

GRT price is expected to rise by 30.02% in the next 5 days according to our The Graph price prediction is trading at $ 0.138461

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The price of GRT is currently $ 0.138461, showing a -4.50% decrease in the last 24 hours. The cryptocurrency experienced a downturn as the total crypto market cap decreased by -4.10% in the same time period. Compared to the world’s largest cryptocurrency, The Graph recorded a -2.83% loss against BTC today.

According to our The Graph price prediction, GRT is expected to reach a price of $ 0.182386 by Nov 08, 2024. This would represent a 30.02% price increase for GRT in the next 5 days.

GRT Price Prediction Chart

Buy/Sell The Graph

What has been happening with The Graph in the last 30 days

The Graph has been displaying a negative trend recently, as the coin lost -11.91% in the last 30-days. The medium-term trend for The Graph has been bullish, with GRT increasing by 10.42% in the last 3 months. The long-term picture for The Graph has been positive, as GRT is currently displaying a 20.58% 1-year price change. On this day last year, GRT was trading at $ 0.114834.

The Graph reached its all-time high price on Feb 12, 2021, when the price of GRT peaked at $ 2.87. The current GRT cycle high is $ 0.491682, while the cycle low is at $ 0.051894. GRT has been displaying low volatility recently – the 1-month volatility of the coin is at 4.73. The Graph recorded 13 green days in the last 30 days.

The Graph technical analysis for today - Nov 03, 2024

The sentiment in the The Graph markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.140921, $ 0.139061 and $ 0.136074, while $ 0.145768, $ 0.148756 and $ 0.150616 are the key resistance levels.

Bearish sentiment for The Graph

8 indicators are currently signaling a bullish prediction for The Graph, while 23 indicators are showing a bearish forecast. With 74% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for The Graph.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

The Graph moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how The Graph is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for The Graph is at 35.84, suggesting that GRT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of The Graph over the last 50 days. Currently, The Graph is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the GRT closing price for the last 200 days. GRT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this The Graph prediction

After considering the above factors, we can conclude that the current forecast for The Graph price prediction is Bearish. GRT would have to increase by 30.02% to hit our $ 0.182

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