• GRT price might struggle to stay above $0.5 as technicals turn bearish.
  • A recent report by Santiment indicates The Graph could be poised for a deeper correction.

The Graph has been one of the best-performing assets in the past month after getting immediately listed on Binance and Coinbase. The digital asset managed to quickly climb towards a $1 billion market capitalization in just three days. 

GRT price finally undergoes an inevitable correction

According to Santiment, the word grt was the highest trending on social media, way above Elon Musk and other coins. It’s often the case that when this metric is at its highest, the digital asset suffers a correction.

So this was a top for GRT. It could be a temporary top. Just keep in mind the power of the crowd is when everyone is talking about a token. Market goes opposite.

grt price

GRT/USD 30-minutes chart

Investors need to be extra careful as GRT price could fall lower. On the 30-minutes chart, the TD Sequential indicator has presented a sell signal which adds even more selling pressure. 

grt price

GRT/USDT 15-minutes chart

The Graph has been holding the 50-SMA support level on the 15-minutes chart for a while. However, a breakdown below this point can quickly drive GRT price towards the 100-SMA at $0.49. Failure to hold this level will push the digital asset to its last low at $0.42.

On the other hand, GRT bulls remain in control of the 15-minutes chart which is an uptrend. So far, they have defended the 50-SMA and aim to crack the last significant high at $0.543 which would push GRT price towards $0.6.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Cardano Price Forecast: ADA braces for a test of $2 amid a potential bull pennant

Cardano (ADA/USD) is extending its recovery this Sunday after a sharp sell-off witnessed a day before. ADA/USD charts a bull pennant on the 12H chart.  A test of the $2 mark appears inevitable if the bullish pattern is confirmed. RSI has regained upside momentum, well above 50.00.

More Cardano News

XLM Price risks further falls towards $0.53 amid double top reversal

XLM/USD is falling for the third straight day on Sunday. $0.53 support appears at risk after the double top reversal on the 1D chart. RSI points south towards the midline as the XLM price eases from record highs.

More Stellar News

Dogecoin: Defending 21-DMA is critical after Musk calls it a ‘hustle’

Elon Musk's appearance on 'SNL' throws DOGE under the bus. DOGE/USD extends sell-off into Sunday, hitting five-day lows. DOGE bulls remain hopeful as 21-DMA support holds, with RSI still bullish.

More Dogecoin News

Ethereum bulls gather strength for a sustained break above $4000

Ethereum bulls take a breather after Saturday’s $500 rally to record highs. The No. 2 coin eyes additional upside after rising wedge breakout on the 4H chart. RSI is in the overbought region, dip buying to keep the uptrend intact.

More Ethereum News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast