The Graph is our crypto buy pick for the week and smaller term targets include moves of 10-20% and if you hold long enough you may get a multibagger coin here.
In this article, we will look at Grt crypto price target by looking at the price chart and technicals.
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The Graph Crypto Price Target
- Price: $0.235
- Market Capitalization: Approximately $2.35 billion
- 24-Hour Trading Volume: $150 million
- Circulating Supply: 10 billion GRT
- Total Supply: 10 billion GRT
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with upside potential to $0.11 resistance. Stop Loss at $0.07.
Also Read, Does the Graph support the transfer of subgraph ownership using NFTs?
Technical Indicators
- Relative Strength Index (RSI): 45.
- Moving Averages
- 50-day SMA: $0.230
- 200-day SMA: $0.250
- Trading Volume Trends: A 5% increase in 24-hour trading volume.
- Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
- Momentum is Bullish but inflecting.
- Support and Resistance: Nearest Support Zone is $0.08. Nearest Resistance Zone is $0.11, then $0.15.
Price Predictions
- 2025 Forecast: Based on various analyses, GRT is expected to have the following price ranges in 2025
- Minimum Price: $0.166
- Maximum Price: $0.535
- Average Trading Price: $0.904
Recent Developments
- Ecosystem Growth: The Graph has expanded its indexing support to multiple Layer 2 solutions.
- Partnerships: Collaborations with major blockchain projects have strengthened The Graph’s position as a leading decentralized indexing protocol.
- Community Engagement: The Graph Foundation has launched initiatives to support developers and encourage community participation in protocol governance.
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