At the time of writing, GRT is being traded at the rate of $0.64 with a decrease of almost 10% within the last 24 hours.
The low within this tenure was around $0.6064 and the high was approximately $0.7223. The coin as being in the watchlist of many traders makes it rank all the way up to number 48th according to the latest data released by coin market cap.
GRT made its all-time high in the month of February 2021 where it reached an enormous amount of $2.887. It later fell down to a price of $0.428 during the crash from where it showed reversal. At the moment it has a daily volume of $154,931,269 with an increase of 14.41% within the last 24 hours. The circulating supply of GRT is now around 4.72B and the maximum supply is 10B. GRT has a dominance of 0.13%.
The top exchanges for trading GRT are currently OKEx, Huobi, Binance, FTX.
Technical Analysis – The Graph (GRT)
On the daily time frame, we can see that the price has been bearish now and is now at a really important level. Failure to hold this level would trigger the price to drop down even further.
The wick two days before had grabbed the liquidity below the level but it looks like that it would need strong momentum for GRT to show a reversal at this point.
In case of the price rallies upwards, we can expect a rejection from $0.82. From there we can look for two different scenarios depending on how the price unfolds.
In short, good risk management is necessary for a market like this. For the next few days, the price of Bitcoin may consolidate and we can expect a few altcoins to pop. If GRT manages to hold above the level, we can expect the price to rally up soon.
Price Prediction – The Graph
In the long run, GRT is not considered a good investment. The price is currently at the same level where it was in July and has completely retraced back. According to the wallet investor, the price of GRT is to reach a value of $0.314 in a year.
