• The Graph price prediction sees a 4.64% price increase over the past 24 hours of trading as the cryptocurrency touches $0.071.
• The GRT/USD market is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving towards the upper boundary of the channel.
• The Graph price may need to rise above $0.071 if the buyers keep the price above the 9-day and 21-day moving averages.
The Graph (GRT) is a decentralized protocol that allows applications to be developed and powered by a global community of developers. It enables developers to query and publish data to the decentralized web. The Graph price prediction sees a 4.64% price increase over the past 24 hours of trading as the cryptocurrency touches $0.071. This is due to the cryptocurrency reaching the $0.071 resistance level and the bullish market sentiment that is developing.
The GRT/USD market is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving towards the upper boundary of the channel. This is being supported by the red line of the 9-day MA crossing above the green line of the 21-day MA. This is a sign of strengthening bullish momentum.
If the buyers can keep the price above the 9-day and 21-day moving averages, then the Graph price may need to rise above $0.071. If this happens, then the first level of resistance will be at $0.080. The potential resistance levels above this include $0.090, $0.100, and $0.110. On the other hand, if the sellers take the market movement to the lower side, then the traders may consider the market as bearish. The potential support levels below $0.071 include $0.050, $0.040, and $0.030.
Overall, The Graph price prediction shows that the cryptocurrency is ready for a spike above the $0.070 level. However, the market is still volatile and traders should exercise caution when trading GRT/USD.