The Graph Dropped -20.57% in Last Month and is Predicted to Drop to $0.101436 By May 24, 2023

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 up 3.40% today against the US Dollar
• GRT/BTC increased by 3.03% today
• GRT/ETH increased by 2.82% today
• The Graph is currently trading 22.51% above our prediction on May 24, 2023
• The Graph dropped -20.57% in the last month and is down -21.61% since 1 year ago

GRT price is expected to drop by -18.37% in the next 5 days according to our The Graph price prediction

is trading at $ 0.124264 after gaining 3.40% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.51% in the same time period. GRT performed well against BTC today and recorded a 3.03% gain against the world’s largest cryptocurrency.

According to our The Graph price prediction, GRT is expected to reach a price of $ 0.101436 by May 24, 2023. This would represent a -18.37% price decrease 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 negative trend recently, as the coin lost -20.57% in the last 30-days. The medium-term trend for The Graph has been bearish, with GRT dropping by -30.46% in the last 3 months. The long-term picture for The Graph has been negative, as GRT is currently displaying a -21.61% 1-year price change. On this day last year, GRT was trading at $ 0.158521.

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 $ 0.228464, while the cycle low is at $ 0.051894. GRT has been displaying low volatility recently – the 1-month volatility of the coin is at 8.63. The Graph recorded 13 green days in the last 30 days.

The Graph technical analysis for today – May 19, 2023

The sentiment in the The Graph markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.118102, $ 0.115243 and $ 0.111998, while $ 0.124206, $ 0.127451 and $ 0.130310 are the key resistance levels.

Neutral sentiment for The Graph

15 indicators are currently signaling a bullish prediction for The Graph, while 12 indicators are showing a bearish forecast. With 56% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for The Graph.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 48 (Neutral), which signals that investors have a neutral 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.

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 42.55, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

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 Neutral. GRT would have to decrease by -18.37% to hit our $ 0.101436 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.