Bullish GRT price prediction for 2024 is $0.3506 to $0.5676.
The Graph (GRT) price might reach $0.5 soon.
Bearish GRT price prediction for 2024 is $0.1207.
In this The Graph (GRT) price prediction 2024, 2024-2030, we will analyze the price patterns of GRT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
The Graph (GRT) Current Market StatusWhat is The Graph (GRT)?The Graph (GRT) 24H Technicals
The Graph (GRT) Support and Resistance LevelsThe Graph (GRT) Price Prediction 2024 — RVOL, MA, and RSIThe Graph (GRT) Price Prediction 2024 — ADX, RVIComparison of GRT with BTC, ETHThe Graph (GRT) PRICE PREDICTION 2025, 2026-2030CONCLUSIONFAQ
The Graph (GRT) Current Market Status
Current Price
$0.2479
24 – Hour Price Change
4.83% Up
24 – Hour Trading Volume
$610,637,424
Market Cap
$2,334,744,326
Circulating Supply
9,417,142,470 GRT
All – Time High
$2.88 (On Feb 12, 2021 )
All – Time Low
$0.052051 (On Nov 22, 2022) (CoinGecko)
GRT Current Market Status
(Source: CoinMarketCap)
What is The Graph (GRT)
TICKERGRTBLOCKCHAINEthereumCATEGORYDecentralized indexing protocolLAUNCHED ONJuly 2018UTILITIESGovernance, security, gas fees & rewards
The Graph (GRT) is the native crypto token of the Graph, a decentralized indexing and query protocol. It was launched as an ERC-20 token on Ethereum in late 2020.
The Graph enables users to query and retrieve data from blockchains such as Ethereum, Inter Planetary Film System (IPFS), POA, and Binance Smart Chain using GraphQL APIs. The network comprises four classes of participants: indexers, curators, delegators, and curators.
Use cases of GRT vary among these roles as well. Indexers, delegators, and curators stake GRT tokens and earn those as rewards in return for their contributions. While consumers would pay GRT tokens to retrieve the data.
The Graph 24H Technicals
The Graph (GRT) Price Prediction 2024
The Graph (GRT) ranks 43rd on CoinMarketCap in terms of its market capitalization. The overview of The Graph price prediction for 2024 is explained below with a daily time frame.
In the above chart, The Graph (GRT) laid out an Ascending Channel. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
At the time of analysis, the price of The Graph (GRT) was recorded at $0.2698. If the pattern trend continues, then the price of GRT might reach the resistance levels of $0.2751 and $0.4115. If the trend reverses, then the price of GRT may fall to the support of $0.2136 and $0.1833.
The Graph (GRT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of The Graph (GRT) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of The Graph (GRT) for 2024.
Resistance Level 1$0.3506Resistance Level 2$0.5676Support Level 1$0.1958Support Level 2$0.1207GRT Resistance & Support Levels
The Graph (GRT) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of The Graph (GRT) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current The Graph (GRT) market in 2024.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.1714
Price = $0.2685
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions87.4767
<30 = Oversold
50-70 = Neutral
>70 = OverboughtOverboughtRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume
The Graph (GRT) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of The Graph (GRT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of The Graph (GRT).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum28.2894Strong TrendRelative Volatility Index (RVI)Volatility over a specific period92.33
<50 = Low
>50 = HighHigh Volatility
Comparison of GRT with BTC, ETH
Let us now compare the price movements of The Graph (GRT) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of GRT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of GRT also increases or decreases respectively.
The Graph (GRT) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of The Graph (GRT) between 2025, 2026, 2027, 2028, 2029 and 2030.
Year Bullish Price Bearish PriceThe Graph (GRT) Price Prediction 2025$0.8$0.06The Graph (GRT) Price Prediction 2026$0.9$0.064The Graph (GRT) Price Prediction 2027$1.2 $0.071The Graph (GRT) Price Prediction 2028$1.6$0.079The Graph (GRT) Price Prediction 2029$2 $0.086The Graph (GRT) Price Prediction 2030$2.5$0.09
Conclusion
If The Graph (GRT) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish The Graph (GRT) price prediction for 2024 is $0.5676. Comparatively, the bearish The Graph (GRT) price prediction for 2024 is $0.1207.
If there is a positive elevation in the market momentum and investors’ sentiment, then The Graph (GRT) might hit $0.5. Furthermore, with future upgrades and advancements in The Graph ecosystem, GRT might surpass its current all-time high (ATH) of $2.88 and mark its new ATH.
FAQ
1. What is The Graph (GRT)?
The Graph (GRT) is the native token of The Graph, a decentralized indexing and query protocol. It was launched as an ERC-20 token in 2020.
2. Where can you buy The Graph (GRT)?
Traders can trade The Graph (GRT) on the following cryptocurrency exchanges such as Binance, CoinW, BTCEX, OKX, and BingX.
3. Will The Graph (GRT) record a new ATH soon?
With the ongoing developments and upgrades within The Graph platform, The Graph (GRT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of The Graph (GRT)?
The Graph (GRT) hit its current all-time high (ATH) of $2.88 (On Feb 12, 2021).
5. What is the lowest price of The Graph (GRT)?
According to CoinMarketCap, GRT hit its all-time low (ATL) of $0.052051 on Nov 22, 2022.
6. Will The Graph (GRT) hit $0.5?
If The Graph (GRT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon.
7. What will be the The Graph (GRT) price by 2025?
The Graph (GRT) price might reach $0.8 by 2025.
8. What will be the The Graph (GRT) price by 2026?
The Graph (GRT) price might reach $0.9 by 2026.
9. What will be the The Graph (GRT) price by 2027?
The Graph (GRT) price might reach $1.2 by 2027.
10. What will be the The Graph (GRT) price by 2028?
The Graph (GRT) price might reach $1.6 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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