The Graph (GRT) hit its highest price point more than seven months ago, reaching the coin’s all-time-high level of $2.99 on 12 February before falling along with several other cryptocurrencies.

The daily technical chart and price action of the Graph coin present an upward trend. According to the pivot levels, the initial support level is $1.35. On another view, if it races up, the resistance level to watch is $0.85. Although the chart creates a bullish harami candlestick pattern within the day, it is foretold that the price may continue upside with medium dependability.

Daily technical chart and price trend of GRT coin show a bearish trend. Based on the pivot level, the first support zone is 0.60 USDT. From another perspective, if it rushes, the resistance level to watch is 0.85 USDT. Thus, the graph made a bullish harami candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.

Before we talk about GRT coins, we should first talk about The Graph. We will go through how it works and see how it helps other cryptos work better. More importantly, we will see whether or not it deserves a spot in your crypto portfolio.

GRT crypto market dominance along with its market cap has seen a rise in the past few days. The asset price has seen a downslide of more than 65% from it’s all time high. The volume to market cap ratio of the GRT is near 0.07, suggesting a strong upside momentum in price for the future

The 24-hour chart shows the rise in the price of the token. Yesterday at this time it was $ 0.307, which subsequently grew. In 17 hours, the worth reached its highest price of $ 0.747 by a profit of 6.4% over that period. However, until the evening the price was falling and having reached the level of $ 0.712 rose back. Now the Graph price is $0.732 with a market cap of $3,640,103,496. Its market cap rank is equal to #51 and has a trading volume of $121,595,064.

Developers building dApps on Optimistic Ethereum will be able to deploy subgraphs from public launch

During the last 24 hours, Graph (GRT) token was trading at $0.8919 from 7:40 pm till 2:15 am until it sharply fell to $0.8479 after an hour. Then, at 7 am it shar...

The Graph ( GRT ) Update 17/10/21: 260% Gain back to the ATH @ $2.88 from the current price level. Since reaching its ATH on 12/02/21 at $2.88, The Graph has experienced moderate retracements in the range between the 38.20% fibs and 78.60% fibs from 12/02/21 to 12/04/21 (from $2.88 to $1.39 50% drop before the May crash). As we saw across the whole market, GRT was heavily affected by the May crash as we saw a lot of fear and panic in the market. More importantly, since hitting its ATH after being shortly launched (18/12/2020), The Graph has not yet even recovered from the retracements between 12th Feb to 12th April, instead The GRT had a further 65% drop from $1.39 (17th May 2021) to $0.48 (20th July 2021). During this downtrend The GRT has retested the bottom at $0.48 3 times forming strong support at the $0.48 price level and a bullish triple bottom chart formation. From the current price we expect the 13EMA to cross up above the 50SMA signalling a Strong Buy Signal for GRT with a potential of 260% gain back to the ATH from the Buy Zone. Please find Our Key Price Targets Below:

Decentralized smart contracts platform, Avalanche, has integrated with The Graph to expand querying and indexing on the platform. According to a press release shared with Coin Rivet, developers building on Avalanche can easily query custom on-chain data requests, without having to run a full node, via subgraphs, which are indexes of specifically-defined blockchain data. More than 9,000 subgraphs have been deployed as of February this year, with more coming online as The Graph expands support across major layer 1 blockchains.

In an effort to help Ethereum scale, The Graph will be providing market-leading indexing and querying services to new developers building on the Optimistic Ethereum Layer 2. This represents another significant integration for The Graph (GRT) project, as it continues to add new chains to its hosted services. In anticipation of the public launch, developers building on Optimistic Ethereum are being offered grants through The Graph Foundation to assist in building dApps with Optimism and The Graph.

After a bearish month of October, a huge bullish sentiment has engulfed the crypto market. As Bitcoin broke above the $43K price levels, the 4-hour charts were occupied by green engulfing candles. Bitcoin is currently at the $47K price level, making a bullish start for the month of October.