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The Graph (GRT): How Does the Chart Look Saturday?

Saturday, September 24, 2022 06:27 AM | InvestorsObserver Analysts
The Graph (GRT): How Does the Chart Look Saturday?

The Graph receives an average long-term technical score of 41 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. GRT currently holds a superior long-term technical analysis score than 41% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 41
InvestorsObserver is giving The Graph a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on The Graph!

Trading Analysis

GRT is currently -$0.0100000 (-7.43%) below its 100-day moving average price of $0.110000000 with its current price of $0.100000000. Meanwhile, The Graph is $0.0200000 (-12707.92%) above its 52-week low price of $0.090000000 and -$1.23000000 (-742.08%) below its 52-week high of $1.330000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 41. Trends for the long-term trading history of The Graph suggest that traders are currently bearish on the token. The Graph has a total market value of $701,630,178.35 with an average average daily volume of $214,111,688.67 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, GRT's volume is below its average with $26,885,305.72 exchanged in total. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

GRT's historical trading over the past year gives it a an average long-term technical score of 41 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on The Graph (GRT).

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