The range of bullish GRT price predictions is $0.62 to $2.17.
The price of GRT may soon exceed $3.5.
For 2021, the GRT bearish market price forecast is $0.28.
We utilize statistics, price analysis, RSI, and other information about GRT to evaluate the future trend of cryptocurrency in The Graph (GRT) price prediction 2021.
GRT is a worldwide API and indexing mechanism for organizing blockchain data and making it GraphQL accessible. Graph Explorer allows developers to discover, explore, and publish any public data they need to create decentralized apps. They build serverless dApps for developers that operate completely on public infrastructure.
At the time of writing, the GRT price was trading at $0.5, with a 24-hour trading volume of $83,015,027, according to CoinGecko. GRT, on the other hand, has dropped by 1.6 percent in the past 24 hours.
Furthermore, there are 2,897,903,422 GRT in circulation. GRT is currently traded on Binance, OKEx, Huobi Global, CoinTiger, and FTX, among other cryptocurrency exchanges.
Price Prediction for the Graph (GRT) in 2021
At the moment, GRT is ranked 56th on CoinGecko. The price of GRT in 2021 is forecasted using a daily time period, as shown below.
GRT/USDT Daily Time Frame Price Chart (Source: TradingView)
The “Falling Wedge pattern” is shown in the graph above. The falling wedge is a bullish pattern that begins at the top high and shrinks as the price drops. This price fluctuation, however, creates a downward cone. When a trend’s highs and lows converge. This indicates that, as a result of the large amount of trading during this period, the price of GRT will continue to increase and, in the not-too-distant future, will exceed its all-time high price.
If the price of the GRT breaks over the $0.96 resistance level on the daily time frame chart, it will approach the targets of $1.31 and $2.17. Otherwise, if the GRT price breaks through the $0.42 support level, it will fall to the next support level at $0.28. As a result, the GRT’s trend is predicated on the breakout.
Support and Resistance Levels in GRT
The chart below depicts GRT’s support and resistance levels.
Support and Resistance Levels for GRT/USDT (Source: TradingView)
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The resistance and support levels of GRT are clearly visible in the above daily time frames.
$0.62 is the first level of resistance.
$0.79 is the second level of resistance.
$1.03 is the third level of resistance.
$1.31 is the fourth level of resistance.
$1.68 – Level 5 Resistance
$2.17 – Level 6 Resistance
Level 1 Support – $0.42
Level 2 Support – $0.28
GRT has been on a bullish trend for the last month, according to the charts. If the current trend continues, GRT may catch up with the bulls and break over the $2.17 resistance level.
In the event that investors turn against cryptocurrency, the price of GRT may drop to almost $0.28, indicating a negative warning.
The GRT Average Directional Index (ADI) is a measure of how well a (ADX)
Let’s take a look at GRT’s average directional index (ADX). The Directional Movement Index is linked to the ADX, which is used to assess the overall strength of the trend (DMI).
The oscillator has a 0 to 100 range. A high price also implies a strong trend, while a low price suggests a weak trend. It is often used in conjunction with directional indicators.
ADX GRT/USDT (Source: TradingView)
The ADX of GRT remains above the range of 18, indicating a weak trend, as seen in the chart above.
GRT is one of the cryptocurrencies that has managed to hold its ground in the face of the bear market. Our long-term GRT price forecast for 2021 is also positive. This year, it has a good chance of surpassing its current all-time high (ATH) of $2.84. However, this only occurs when GRT overcomes a significant amount of previous psychological opposition.
Furthermore, the GRT ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. If investors have anticipated that GRT is a solid investment in 2021, it may hit $2.17 shortly, and it may even reach great heights, reaching $3.5.
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Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The the graph price prediction 2022 is a tool that predicts the future of the cryptocurrency. It uses data from previous graphs to predict when it will hit certain values.
Frequently Asked Questions
How much will the graph be worth in 2021?
The graph is worth $1,000 in 2021.
How high will the graph Cryptocurrency go?
It is difficult to predict the future of cryptocurrency.