GRT is an Indexing protocol used to query data for networks such as Ethereum and IPFS, powering many applications. With GraphQL, anyone can build and publish open APIs that applications can query to retrieve blockchain data. A hosted service is available to developers so that they can quickly get started building on The Graph, and the decentralized network will launch later this year. A growing number of networks will be added to the Graph soon, including Ethereum, IPFS, and POA. Let us look at the technical analysis for GRT.
<h2><b>Past Performance</b></h2>
In the last 24 hours, GRT has rallied by approximately 2.20%, and <a href="https://www.cryptoknowmics.com/news/the-graph-grt-and-avalanche-avax-technical-analysis-what-to-expect/">over the week</a> the price has increased 12.90%. The current market price of GRT is $0.77. And it has traded between $0.6888-$0.7693 in the last 24 hours. In news for GRT, it chose Polygon as the new ecosystem for its new billing system. It is becoming a popular alternative to Ethereum and others to build dapps and other products.

<img src="https://s3.tradingview.com/snapshots/d/dg07pIy9.png" alt="TradingView Chart Snapshot" />

<a href="https://www.tradingview.com/x/dg07pIy9/">https://www.tradingview.com/x/dg07pIy9/</a>
<h2><b>GRT Technical Analysis</b></h2>
GRT is fast becoming a sought-after tool with supports indexing data from 22 different networks including Ethereum, Arbitrium, Avalanche, Celo, Fantom, Moonbeam, IPFS, and PoA with more networks coming soon.

Currently, the <strong>RSI</strong> is at 61.60%. The RSI touched 55.15% and took support at this level resulting in bullish momentum. The buying pressures are higher on this horizon than the selling pressure. Thus, indicating that the GRT price will rise for the rest of the day as well.

<strong>MACD and EMA</strong> are close to the range of zero. Suggesting a neutral market. However, it also indicates that the trend reversal is on the horizon. Although, we are witnessing a bullish crossover, therefore, we can expect the price to rise for the rest of the day.

On the daily chart, the <strong>OBV</strong> is upward sloping. Suggesting that the buying volumes are gradually increasing in the market.

The current trading price is above the <strong>FIB pivot point</strong> of $0.70. The momentum of the market might push the price to either reach its resistance level, which is $0.78. If the price breaks this level, we can expect the price to test its long-term resistance at $0.97.
<h2><b>Day-Ahead and Tomorrow</b></h2>
The market is more neutral but gaining momentum towards a bullish trend, thus recommending a buy on this crypto. The price might go up in the future if the buying pressure continues. However, if the price falls after resistance from its level, it will take support at $0.66, $0.64, and $0.60, respectively. GRT is fast becoming a trader's delight with many new developments in the offing.

GRT Technical Analysis: Trading Above the FIB Pivot Point of $0.70, Might Push Price to Resistance Level $0.78

The Graph (GRT) price might go up in the future if the buying pressure continues. However, if the price falls after resistance from its level, it will take support at $0.66, $0.64 and $0.60 respectively.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

GRT Technical Analysis: Trading Above the FIB Pivot Point of $0.70, Might Push Price to Resistance Level $0.78

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