Strong Breakout in GRT Crypto
- The GRT crypto has been trading with flat volumes in the last 24 hours.
- The Graph has witnessed higher short liquidation as compared to the longs.
The Graph is a protocol that indexes and queries blockchain data using GraphQL. It powers many Web3 applications and supports Ethereum, IPFS, and POA. The Graph has a native token, GRT, that is used by indexers, curators, and delegators to secure the network and earn rewards.
GRT crypto was trading at $0.1514 with an intraday gain of 2.34%. Moreover, the intraday trading volume also showed an advance of 1.73%, which resulted in $53.375 Million. The market cap of GRT crypto is $1.407 Billion.
The current market cap dominance of the GRT crypto is 0.092% and the volume/market cap ratio of the crypto is 0.0319. Moreover, the market cap ranking of the crypto as per CoinGecko is #49.
The Graph crypto has an infinite max supply and the circulating supply of the crypto is 9.138B GRT. Moreover, the total supply of the crypto is 10.789 Billion GRT.
However, the all-time high price of the Graph crypto is $2.84 and the CMP is down by 94% from the all-time high price. The lowest recorded price of the crypto is $0.052051.
The Graph has a total of 147K token holders, resulting in a total transfer of 1.795 Million. The transfer frequency of the tokens is very low and it resulted in a transfer count of 1186 in the last 24 hours. It is followed by a total of 607 unique receivers and 434 unique senders.
The GRT crypto price has broken above the falling wedge pattern. The price has advanced by more than 65% since the breakout. It is still following an uptrend advancing to higher levels.
The GRT crypto is following an uptrend advancing to higher levels with an advance in the value of the EMAs. The 50-day and the 200-day EMA are following a golden cross on the charts. This shows that the crypto price is following an uptrend.
The MACD indicates uncertainty in the price as the MACD and the signal line overlap each other. The MACD and the signal line are trading above the zero level which shows that the crypto is following an uptrend.
Conclusion
GRT has displayed a positive trend, breaking above a falling wedge pattern and gaining more than 65% since then. GRT is also supported by the bullish crossover of the EMAs and the low token transfer frequency. GRT has a lot of potential to grow further as it offers a unique and innovative solution for accessing blockchain data in a decentralized way.
