What do the Long-Term Technicals Predict for The Graph (GRT) Monday?

Monday, June 27, 2022 11:41 AM | InvestorsObserver Analysts

The Graph receives an average long-term technical score of 40 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 40% 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'.

InvestorsObserver is giving The Graph a 40 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on The Graph!

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Trading Analysis

The current trading price of $0.110000000 for GRT is -$0.1600000 (-59.27%) below the tokens 100-day moving average of $0.270000000. GRT meanwhile is $0.0200000 (-12092.49%) above its 52-week low of $0.090000000 and -$1.22000000 (-741.49%) under its 52-week high price of $1.330000000. The Graph's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 40. The price movement and range of GRT suggest that investors are bearish on the token at this time. The Graph has a market capitalization of $755,951,949.29 and a relatively average average daily volume with $305,655,139.33 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, GRT's volume is below its seven day average with 39,721,707.37 exchanged. 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

Technical analysis of The Graph over the past year results in the crypto receiving a an average long-term technical score of 40 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on The Graph (GRT).