- Bullish GRT price prediction for 2023 is $0.1756 to $0.2619
- The Graph (GRT) price might reach $0.0002 soon.
- Bearish GRT price prediction for 2023 is $0.0536.
In this The Graph (GRT) price prediction 2023, 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.
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TABLE OF CONTENTS |
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INTRODUCTION |
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The Graph (GRT) PRICE PREDICTION 2023 |
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| The Graph (GRT) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
The Graph (GRT) Current Market Status
| Current Price | $0.09936 | 24 – Hour Price Change | 3.95% Down |
| 24 – Hour Trading Volume | $52,704,460 |
| Market Cap | $906,746,863 |
| Circulating Supply | 9,129,681,395 GRT | All – Time High | $2.88 (On Feb 12, 2021 ) |
| All – Time Low | $0.052051 (On Nov 22, 2022) |
What is The Graph (GRT)
| TICKER | GRT |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Decentralized indexing protocol |
| LAUNCHED ON | July 2018 |
| UTILITIES | Governance, 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
(Source: TradingView)
The Graph (GRT) Price Prediction 2023
The Graph (GRT) ranks 45th on CoinMarketCap in terms of its market capitalization. The overview of The Graph price prediction for 2023 is explained below with a daily time frame.
GRT/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, The Graph (GRT) laid out a Descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of The Graph (GRT) was recorded at $0.09936. If the pattern trend continues, then the price of GRT might reach the resistance levels of $0.1082, $0.1350, and $0.1780. If the trend reverses, then the price of GRT may fall to the support of $0.0950.
The Graph (GRT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of The Graph (GRT) in 2023.
GRT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of The Graph (GRT) for 2023.
| Resistance Level 1 | $0.1756 |
| Resistance Level 2 | $0.2619 |
| Support Level 1 | $0.1004 |
| Support Level 2 | $0.0536 |
GRT Resistance & Support Levels
The Graph (GRT) Price Prediction 2023 — 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.
GRT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current The Graph (GRT) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.1126Price = $0.1035 (50MA > Price) |
Bearish (Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 39.61 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
The Graph (GRT) Price Prediction 2023 — 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).
GRT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of The Graph (GRT).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 15.9924 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 60.83
<50 = Low |
High 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).
BTC Vs ETH Vs GRT Price Comparison (Source: TradingView)
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 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of The Graph (GRT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| The Graph (GRT) Price Prediction 2024 | $0.8 | $0.055 |
| The Graph (GRT) Price Prediction 2025 | $0.9 | $0.06 |
| The Graph (GRT) Price Prediction 2026 | $1.2 | $0.064 |
| The Graph (GRT) Price Prediction 2027 | $1.6 | $0.071 |
| The Graph (GRT) Price Prediction 2028 | $2 | $0.079 |
| The Graph (GRT) Price Prediction 2029 | $2.5 | $0.086 |
| The Graph (GRT) Price Prediction 2030 | $2.8 | $0.09 |
Conclusion
If The Graph (GRT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish The Graph (GRT) price prediction for 2023 is $0.2619. Comparatively, the bearish The Graph (GRT) price prediction for 2023 is $0.0536.
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 Graph (GRT) price by 2024?
The Graph (GRT) price might reach $0.8 by 2024.
8. What will be The Graph (GRT) price by 2025?
The Graph (GRT) price might reach $0.9 by 2025.
9. What will be The Graph (GRT) price by 2026?
The Graph (GRT) price might reach $1.2 by 2026.
10. What will be The Graph (GRT) price by 2027?
The Graph (GRT) price might reach $1.6 by 2027.
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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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- Source: https://thenewscrypto.com/the-graph-grt-price-prediction
