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The Graph is Trading -23.85% Below Our Price Prediction for Dec 02, 2024

The Graph is Trading -23.85% Below Our Price Prediction for Dec 02, 2024


| CoinCodex

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • The Graph is down -4.04% today against the US Dollar
  • GRT/BTC decreased by -2.02% today
  • The Graph is currently trading 23.85% below our prediction on Dec 02, 2024
  • The Graph gained 54.70% in the last month and is up 61.82% since 1 year ago
The Graph price$ 0.239625
The Graph prediction $ 0.314693 (30.61%)
Sentiment Bullish
Fear & Greed index 79 (Extreme Greed)
Key support levels$ 0.230269, $ 0.217919, $ 0.205735
Key resistance levels$ 0.254802, $ 0.266986, $ 0.279336

GRT price is expected to rise by 30.61% in the next 5 days according to our The Graph price prediction

is trading at $ 0.239625 after losing -4.04% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -0.64% in the same time period. GRT performed poorly against BTC today and recorded a -2.02% loss against the world’s largest cryptocurrency.

According to our The Graph price prediction, GRT is expected to reach a price of $ 0.314693 by Dec 02, 2024. This would represent a 30.61% price increase for GRT in the next 5 days.

GRT Price Prediction Chart

Buy/Sell The Graph

What has been going on with The Graph in the last 30 days

The Graph has been displaying a positive trend recently, as the coin gained 54.70% in the last 30-days. The medium-term trend for The Graph has been bullish, with GRT increasing by 62.74% in the last 3 months. The long-term picture for The Graph has been positive, as GRT is currently displaying a 61.82% 1-year price change. On this day last year, GRT was trading at $ 0.148077.

The Graph reached its all-time high price on Feb 12, 2021, when the price of GRT peaked at $ 2.87. The current GRT cycle high is $ 0.491682, while the cycle low is at $ 0.051894. GRT has been displaying high volatility recently – the 1-month volatility of the coin is at 19.60. The Graph recorded 16 green days in the last 30 days.

The Graph technical analysis for today – Nov 27, 2024

The sentiment in the The Graph markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.230269, $ 0.217919 and $ 0.205735, while $ 0.254802, $ 0.266986 and $ 0.279336 are the key resistance levels.

Bullish sentiment for The Graph

29 indicators are currently signaling a bullish prediction for The Graph, while 1 indicators are showing a bearish forecast. With 97% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for The Graph.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 79 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

The Graph moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how The Graph is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.221487 (BUY)$ 0.198234 (BUY)
MA5$ 0.233300 (BUY)$ 0.186951 (BUY)
MA10$ 0.222909 (BUY)$ 0.177023 (BUY)
MA21$ 0.202627 (BUY)$ 0.170844 (BUY)-$ 1.28 (BUY)$ 0.183140 (BUY)
MA50$ 0.175549 (BUY)$ 0.166137 (BUY)-$ 0.76 (BUY)$ 0.190956 (BUY)
MA100$ 0.166569 (BUY)$ 0.174500 (BUY)-$ 0.44 (BUY)$ 0.160307 (BUY)
MA200$ 0.202997 (BUY)$ 0.192042 (BUY)-$ 0.05 (BUY)$ 0.008303 (BUY)
PeriodValueAction
RSI (14)66.43NEUTRAL
Stoch RSI (14)12.99BUY
Stochastic Fast (14)75.76NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)41.52BUY
Awesome Oscillator (5, 34)0.06NEUTRAL
Momentum (10)0.06NEUTRAL
MACD (12, 26)0.01NEUTRAL
Williams Percent Range (14)-24.24NEUTRAL
Ultimate Oscillator (7, 14, 28)56.23NEUTRAL
VWMA (10)0.23BUY
Hull Moving Average (9)0.25SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.20NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for The Graph is at 66.43, suggesting that GRT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of The Graph over the last 50 days. Currently, The Graph is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the GRT closing price for the last 200 days. GRT is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this The Graph prediction

After considering the above factors, we can conclude that the current forecast for The Graph price prediction is Bullish. GRT would have to increase by 30.61% to hit our $ 0.314693 target within the next five days. Moving forward, it will be important to monitor the GRT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term The Graph price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.



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