Resistance

The Graph

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Graph price forecast suggests the consolidation of GRT price inside an interesting pattern.</a> </li> 
 <li> <span>2</span> <a>GRT crypto is trading below 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>The Graph cryptocurrency has gained 57.58% year to date.</a> </li> 
</ul> 
<p>The Graph price forecast shows the struggle of GRT crypto inside an interesting pattern and now it prepares for a breakout. However, GRT crypto needs to attract buyers in order to recover from the declining pattern over the daily time frame chart. GRT crypto is caged inside a descending triangle pattern and is now preparing for its breakout. Meanwhile, buyers need to come forward for the rescue of GRT crypto from the declining pattern over the daily time frame chart.</p> 
<p>The Graph price was at $0.0872 and has lost 0.11% of its market capitalization intraday. Trading volume has decreased by 31.42% during the intraday trading session. This demonstrates that sellers are trying to pull GRT crypto towards the lower trendline of the descending triangle pattern.</p> 
<h2 class="wp-block-heading" id="strong-the-graph-price-getting-ready-for-a-breakout-strong"><strong>The Graph Price Getting Ready For a Breakout</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/9xXc-JSIM7d2DkYhrBqyK0ajyqLdFUSGQ20MkvSzbp-b7UNjx03vOsJvpw5eXZHziJLyNNqqgJ_nuDSTBdZa73njbPDjdQWbXK7LdI29-VqoEycGKprXRgL0cw-ynDq7M-yPU4M1wIbhoE1VDoIPEA" alt="The Graph Price Forecast: Will GRT Break Out From This Pattern?"> 
  <figcaption class="wp-element-caption">
    Source: GRT/USD by <a href="https://www.tradingview.com/x/qYVrYsBU/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The Graph price forecast shows the long term consolidation phase of <a href="https://www.thecoinrepublic.com/2023/08/20/the-graph-price-prediction-is-grt-price-highly-undervalued/" target="_blank" rel="noopener noreferrer nofollow">GRT crypto</a> inside a descending triangle pattern over the daily time frame chart. However, trading volume is below average and needs to grow during the intraday trading session. Meanwhile, GRT crypto is trading below 20, 50, 100 and 200-days daily moving averages.</p> 
<p>The Graph price shows notable decline in the smaller time frames. Over the past week, it decreased by approximately 6.73%, and within the last month, it saw a more significant drop of about 16.46%. Looking back at the three-month period, GRT crypto has sustained a substantial decline of roughly 22.47%. Extending the timeline to the last six months, the decrease in its value is even more pronounced, standing at approximately 25.38%.</p> 
<p>However, despite these recent declines, it’s worth noting that The Graph has shown resilience and promising growth when considering its performance over the course of the year. Year to date, The Graph’s price has actually surged by an impressive 57.58%. This indicates that despite short-term setbacks, there has been substantial overall growth in the value of The Graph this year.</p> 
<p>Technical indicators signal sideways momentum in GRT crypto. Relative strength index highlights the consolidation phase of The Graph crypto. Moving average convergence divergence shows the upside trend of GRT crypto.</p> 
<p>RSI was at 35 and is trying to sustain above the oversold territory. The MACD line is above the signal line after a positive crossover. Investors in The Graph cryptocurrency need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;</h4> 
<p>The Graph price forecast shows the struggle of GRT crypto inside an interesting pattern and now it prepares for a breakout. Trading volume is below average. Year to date, The Graph’s price has actually surged by an impressive 57.58%. Technical indicators highlight sideways momentum in GRT crypto price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $0.0850 and $0.0831</p> 
<p><strong>Resistance Levels:</strong> $0.900 and $0.0933</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

The Graph Price Forecast: Will GRT Break Out From This Pattern?

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Thecoinrepublic.com

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