The Graph Price Prediction: 2024, 2025, 2030

GRT price prediction: Key highlights

1. Primary support and resistance levels

• The weekly chart indicated that GRT's lowest support level was $0.08, while the highest resistance was $0.44.

2. Market sentiment

• As of September 2024, the price movements reflect a bearish trend.

3. Predictive forecasts

• Projections derived from our AI/ML algorithms anticipate the average price of GRT to be over $0.40 in 2031 and $0.60 in 2035.

Discover essential details on GRT via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

GRT technical analysis: Price struggles under selling pressure

GRT’s weekly chart analysis revealed a journey filled with downturns and recoveries, framing a detailed narrative around The Graph price prediction for 2024. The period under review began with the price plunging to its lowest support of $0.08 in September. 
 

After stabilizing, mid-October witnessed a renewed attempt to catalyze a rally. A notable period of bullish activity led the price to test the $0.22 mark in the new year. However, it was met with resistance, leading to a pullback below $0.17.

The correction was notable for its restraint, as the price did not stoop to previous lows. Furthermore, GRT witnessed a massive bull run with back-to-back bullish pumps between February and early March. 

This directed it to reach a high resistance at $0.44. Once again, a correction followed, erasing the altcoin’s gains as it fell below $0.30 in April, stooping as low as $0.22. Subsequent tests of the former level succeeded in late May as the bulls briefly flipped it.

However, the market subsequently turned red. A month of continuous depreciation pulled the token to $0.17. By mid-July, buyers resurfaced to elevate the price, pushing it to challenge the support-turned-resistance at $0.22. Nonetheless, they failed. In August, the asset returned to $0.13. 

Mid-month attempts to reclaim $0.17 succumbed to the broader market crash. By September, the asset was back to its previous support. As the analysis ended, GRT exchanged hands at $0.14. 

Increased selling pressure could cause the token to encounter another drop on the charts. However, past defenses the bulls mounted suggest that any decline might halt at $0.13. Should this support falter, a fallback to $0.11 is conceivable. 

The market condition dictated that for GRT to turn decisively bullish again, it would likely need to move over $0.22. With a successful rally over this high, the bulls can likely target the yearly peak. This level hasn’t been breached since April 2022. Therefore, substantial buying pressure would be required to flip it.

Future price predictions, rooted in predictive modeling, anticipate a rough road ahead for GRT. The projections highlight an average price of around $0.40 by 2031, expected to increase to $0.60 in 2035. 

GRT's 2024 roadmap: Key indicators to watch and trade

• The trading volume peaked with price rallies. However, after the downturn in March, the volume dropped, highlighting investor caution.
• The Awesome Oscillator (AO) recovered to positive values by late November, with momentum intensifying by mid-February. However, the values declined from April, culminating in the indicator dropping below the zero line by July. At press time, it registered at -0.0955, signaling a strengthening downtrend.
• The 20 and 50 Exponential Moving Averages (EMAs) were flipped to support in late October and November, respectively. Furthermore, a golden cross formed in January. Although the Q2 2024 downturn slightly pushed the price below the 20 EMA in April, it recovered by May.
• This was followed by the candles dropping below both EMAs by early and mid-June. By mid-August, a death cross formed, indicating a continued bearish trend.