GRT price prediction: Key highlights

Get insights on GRT via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast

The technical analysis of GRT over the past year revealed several key price movements that could be crucial in shaping The Graph price prediction for today. Beginning 2023 at a low of $0.08, the altcoin faced immense selling pressure throughout H1 2023. However, a bullish recovery in H2 saw GRT rise to a high of $0.44.

After encountering resistance at this level, the price dropped to close the analyzed period at $0.33 with a 300% gain from its lowest point and a 70% decline from its highest point. This movement occurred within a range defined by primary support at $0.15 and primary resistance at $0.44.

As of press time on 23 March 2024, GRT price opened at $0.324, reflecting a 3.6% decrease from the previous day's close at $0.336. It was also trading 0.6% lower than the previous week's open at $0.326.

The broader market condition showed mixed signals. GRT price encountered buying pressure as indicated by a 1.3% increase over the past 24 hours. However, the altcoin faced a downturn from the previous week, reflecting a 0.6% price decrease.

The Graph price analysis also highlighted a bullish outlook with a 300% price gain from its lowest point in 2023. This bullish momentum could potentially propel GRT towards its immediate target at $0.60, followed by the possibility of reaching $0.90 within the year.

At the same time, the critical resistance at $0.90 could hinder the asset's further ascent towards the round-figure level at $1. On the other hand, if the bears gain strength, GRT might face another drop on the charts. However, past defenses mounted by the bulls suggest that any decline could be halted at $0.25. Should this support falter, a fallback to $0.23 is conceivable.