Lokesh Gupta
19-02-2024
The recent surge in The Graph's price indicates increasing excitement about its role in the AI and Web3 data landscape.
The GRT coin has undergone a substantial upswing, with a gain exceeding 24% within the last 24 hours.
Over the course of the week, it has accumulated a remarkable increase of over 55%, indicating robust market demand
Breaking through a two-year resistance level, GRT has entered a positive zone, following the movements of Bitcoin and Ethereum.
On the daily chart, there's a potential breakout from the 'cup and handle' pattern neckline resistance.
The RSI consistently trades above the overbought range, signaling significant buying pressure in the crypto market.
According to Coingabbar analysis, the projected price target for GRT could reach $0.375.
KEY LEVELS :
RESISTANCE LEVEL : $0.30000-$0.35000
SUPPORT LEVEL : $0.21000-$0.16000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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