The Graph Price Gets In The Red Zone Of Trading: Any Good Future Promises?

Graph’s price is currently at $0.971467. During the last 24 hours, its price has decreased by 3.7%. GRT’s market dominance is currently in a bearish trend and it can soon see a new high. Its market cap has to go beyond its ATH to break its current level. The Graph price is currently seeing a major correction in its daily chart and can soon reach a new low. The platform has been used in various applications. Its decentralized nature has allowed it to be used in various ways.

The weekly chart of GRT shows a potential consolidation within the current price. On the other hand, the daily chart shows a potential resistance zone near $1.5. The asset price can support around $0.8 while on the downside, it can see support near $0.8. On the upside, if the asset price manages to jump past the current level, then a strong upward momentum can be seen. This API is an indexing protocol that enables developers to search, find, and publish public data on the blockchain. It works seamlessly with GraphQL. They secured a $5 million private token sale, which was funded by various prominent venture capital firms. They also did a $2.5 million seed round.