The Graph Price Prediction for Today, May 10 – GRT Technical Analysis

The Graph price prediction shows that GRT is beginning to restart the uptrend after touching the daily low of $0.29.

The Graph Prediction Statistics Data:

• The Graph price now – $0.30
• The Graph market cap – $2.8 billion
• The Graph circulating supply – 9.4 billion
• The Graph total supply – 10.7 billion
• The Graph Coinmarketcap ranking – #41

GRT/USD Market

Key levels:

Resistance Levels: $0.45, $0.50, $0.55

Support Levels: $0.15, $0.10, $0.05

GRT/USD looks green today as the coin moves to cross above the 9-day and 21-day moving averages. However, a bullish movement toward the upper boundary of the channel may increase the Graph price to $0.35. However, traders should note that a consistent price increase could bring more buyers into the market if the bulls increase their positions.

The Graph Price Prediction: Price May Begin to Break Higher

In the past few days, the Graph price has been following the sideways movement, but the bulls resumed the market and begin to push the coin toward the resistance level of $0.35. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it could push the coin to the upside.

Meanwhile, bears may take advantage of the coin and could face the lower boundary of the channel. However, if the Graph price remains above the moving averages, it could spike toward the upper boundary of the channel, crossing above this barrier could hit the resistance levels of $0.45, $0.50, and $0.55, but crossing below the lower boundary of the channel may bring the price down to the supports at $0.15, $0.10, and $0.05.

GRT/BTC Goes Bullishly

Against Bitcoin, the Graph price is hovering above the 9-day and 21-day moving averages. However, intraday trading is bullish as the coin moves to cross above the upper boundary of the channel to reach the resistance level at 640 SAT and above.

On the contrary, if the sellers bring the market down below the moving averages, any bearish movement to the downside may cause this coin to hit the support at 320 SAT and below. Meanwhile, the 9-day MA remains above the 21-day MA, suggesting a bullish signal.

However, @AltCryptoGems shared insights with their extensive following of over 411k on X (formerly Twitter), noting that The Graph is showing resilience amidst market turbulence. While many assets are faltering, $GRT stands firm in its support zone. Additionally, it appears to be shaping a bullish accumulation triangle, hinting at potential upward momentum. Should it establish another higher low (HL), it could present a favorable entry point.

Request #3 – $GRT 📊

Honestly, The Graph is not looking bad here. While most of the market is breaking down, $GRT is holding this support area.

As you can see, it is also forming a sort of bullish accumulation triangle.

If we form another HL it would be a good entry! 🤞 pic.twitter.com/iQnNqmRR0U

— Sjuul | AltCryptoGems (@AltCryptoGems) May 8, 2024

Alternatives to the Graph

The analysis suggests that the Graph price is set for further gains, with the potential for a bullish movement toward the upper boundary of the channel. Despite today’s slight increase, the Graph maintains its bullish trend, potentially surpassing the channel boundaries for additional gains. Meanwhile, while The Graph (GRT) maintains stability, Dogeverse (DOGEVERSE) is in its presale phase, having raised over $15 million, showcasing its potential for growth backed by substantial presale funds.

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