The graph (GRT), a key player in blockchain data indexing, has not seen a price pump yet.

Known for its role in Web3 data solutions, it has new strong technology but lacks upward price movement, especially against the memecoin market.

Graph (GRT) has yet to see a price pump despite being a key player in blockchain data indexing and known for its role in Web3 data solutions.

Now with new strong technology, it lags in upward price movement, especially against the memecoin market.

Here’s a closer look at GRT’s current state, examining technical indicators, market trends, and fundamental aspects.

No Market Appreciation for GRT (GRTUSD)

Technical indicators are showing a bearish trend for GRT. The Relative Strength Index (RSI) is at 40.31, indicating weak momentum in favor of sellers.

Looking at the moving averages, the 50-day Simple Moving Average (SMA) is at $0.10441, while the 200-day SMA is at $0.130969, both showing selling pressure.

Moreover, volatility is peaking high at close to 10%, and there has been no breakout from a falling wedge yet.

Market sentiment also leans bearish, with 51% of traders cautious, according to Collective IQ. The Fear and Greed Index is at 52, showing a neutral but reserved mood.

GRT’s price dropped to $0.094 recently, a 7% fall in 24 hours, also missing the other altcoin gains. From its recent highs, the token has lost over 30%.

Earlier, GRT hit $1 due to a liquidity crisis on Bitget exchange, quickly evaporating afterward. Index users must stake 100,000 GRT, valued at over $20,000, to participate, limiting contributions.

To worsen things for GRT, its top five crypto addresses hold about 45% of tokens, indicating high centralization. It’s also inflationary right now with the supply that has grown 7.6x in 3.5 years, capping its price growth.

At the technical level, developer activity ranks 31st, with only 39 active developers weekly. Despite 168,560 delegators and high query fees on Arbitrum, this has not yet driven any price increases, leaving GRT in a quiet phase.

Recent developments, like Chainlink’s CCIP for cross-chain support, are promising, but they didn’t budge GRT’s price. Without new exchange listings or major news, GRT struggles to compete.

GRT known for Web3 data solutions has new strong technology but lacks upward price movement, especially against the memecoin market.

$GRT query volume up price down on Bitget. Web3's essential but painfully unsexy data layer. Who actually understands this project? 📊 pic.twitter.com/n608Z9zG8v

— Jacoby Sandoval (@mjbtp39525626) May 15, 2025

Discussing GRT on social media shows some optimism, people mentioning bullish patterns and a nearly locked supply as positives.

However, others highlight low demand and ongoing corrections, indicating GRT needs a stronger catalyst for growth.

GRT’s price will probably stays flat for the short-mid term due to bearish technical signals, cautious market sentiment, and fundamental issues. Its Web3 utility is solid, but memecoin might still the one to buy during these uncertain market condition.

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