The Graph Price Prediction 2022 – Will GRT Hit $2 Soon?

The Graph Price Prediction — Will GRT Hit $2 Soon?
  • Bullish GRT price prediction is $0.526 to $1.65.
  • GRT price might also reach $2 soon.
  • GRT bearish market price prediction for 2022 is $0.31.

In The Graph’s (GRT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about GRT to analyze the future movement of the cryptocurrency. 

The Graph Current Market Status

According to CoinGecko, the price of GRT is $0.527 with a 24-hour trading volume of $634,050,362 at the time of writing. However, GRT has increased nearly 14.4% in the last 24 hours.

Moreover, GRT has a circulating supply of 6,697,271,696 GRT. Currently, GRT trades in cryptocurrency exchanges such as Binance, OKX, CoinTiger, Bybit, and FTX.

What is The Graph (GRT)?

GRT is a global API and indexing protocol designed to organize blockchain data and make it easily accessible via GraphQL. Developers can use Graph Explorer to find, search, and publish any public data needed to build decentralized applications. For developers, they create serverless dApps that run entirely on public infrastructure.

The Graph (GRT) Price Prediction 2022

The Graph holds the 50th position on CoinGecko right now. GRT price prediction 2022 is explained below with a daily time frame.

GRT/USDT Descending Channel Trend Pattern (Source: Tradingview)

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. 

The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.

Currently, GRT is in the range of $0.53. If the pattern continues, the price of GRT might reach the resistance level of $1.09. If the trend reverses, then the price of GRT may fall to $0.311.

The Graph (GRT) Support and Resistance Level

The below chart shows the support and resistance level of GRT.

GRT/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of GRT.

  • Resistance Level 1 – $0.5260
  • Resistance Level 2 – $0.7793
  • Resistance Level 3 – $1.082
  • Resistance Level 4 – $1.656
  • Support Level – $0.3109

The charts show that GRT has performed a bullish trend over the past month. If this trend continues, GRT might run along with the bulls overtaking its resistance level at $1.656.

Accordingly, if the investors turn against the crypto, the price of the GRT might plummet to almost $0.3109, a bearish signal.

The Graph Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of GRT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GRT lies below the cutoff line, indicating weaker participants in the current trend.

GRT/USDT RVOL, MA, RSI (Source: TradingView)

More so, the GRT’s Moving Average (MA) is shown in the chart above. Currently, GRT is in a bullish state. Notably, the GRT price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of GRT at any time.

Meanwhile, the relative strength index (RSI) of the GRT is at level 69.57. This means that GRT is in a nearly overbought state. However, this means a major price reversal of GRT may occur in the upcoming days. So, traders need to trade carefully. 

The Graph Price Prediction 2022 — ADX, RVI

Let us now look at The Graph’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

GRT/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of The Graphs. Currently, GRT lies in the range of 33.26, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of GRT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GRT lies above the 50 levels, indicating that the direction of volatility is high. In fact, GRT’s RSI is at 69.57 level thus confirming a potential buy signal.

Comparison of GRT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and The Graph.

BTC Vs ETH Vs GRT Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and GRT is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GRT also increases or decreases respectively.

Conclusion

With continuous improvements in the The Graph network, we can say that 2022 is a good year for GRT. For this reason, the bullish price prediction of The Graph in 2022 is $1.656. On the other hand,  the bearish GRT price prediction for 2022 is $0.31.

Furthermore, with the advancements and upgrades on the GRT ecosystem, the performance of GRT would help to reach above its current all-time high (ATH) $1.08 very soon. But, it might also reach $2 if the investors believe that GRT is a good investment in 2022.

FAQ

1. What is The Graph?

GRT is an indexing protocol for querying data for networks such as Ethereum and IPFS, which enables multiple applications in both DeFi and the broader Web3 ecosystem.

2. Where can you purchase GRT?

GRT has listed on many crypto exchanges which include Binance, OKX, CoinTiger, Bybit, and FTX.

3. Will GRT reach a new ATH soon?

With the ongoing developments and upgrades within the GRT platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of The Graph?

On Feb 12, 2021, GRT reached its new all-time high (ATH) of  $2.84 .

5. Is GRT a good investment in 2022?

The Graph (GRT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of GRT in the past few months, GRT is considered a good investment in 2022.

6. Can The Graph (GRT) reach $2?

The Graph (GRT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then The Graph (GRT) will hit $2 soon.

7. What will be the GRT price by 2023?

The Graph (GRT) price is expected to reach $5 by 2023.

8. What will be the GRT price by 2024?

The Graph (GRT) price is expected to reach $11 by 2024.

9. What will be the GRT price by 2025?

The Graph (GRT) price is expected to reach $18 by 2025.

10. What will be the GRT price by 2026?

The Graph (GRT) price is expected to reach $25 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.