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The Graph token has a 23% potential from the current bullish momentum
- Motiur Rahman
- 2022-12-07
- 4568
- Technology
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Summary:momentumThe Graph is an indexing protocol for querying other networksThe Graph token GRT surged by 19.44% in 24 hoursThe token could rise to $0.16, an
impetus
Graph is an index protocol used to view other networks
Graph token GRT soared 19.44% in 24 hours
The token is likely to rise to US $0.16, and the potential reduction of US $0.13 has brought about a change for entry.
The GRT/USD chart may not be the digital currency of great concern. However, the Internet has overcome a key technical problem of blockchain.
Graph calls it the index protocol used to view other Internet such as Ethercoin. Before Graph, developers must operate a unique indexing network server. This process is resource intensive, and at the same time, it undermines the security features required by the government procurement process.
Chart, ranked 55th by market value, has been slow but steady. It was noted that it rose 19.44% in the first 24 hours. This increase coincided with the accelerated increase in trading volume, which surged by 82%. Investors seeking top key currency substitutes need to consider the Chart.
The chart maintains the growth trend, with potential resistance of USD 0.13
Origin – TradeView
Technically, MACD and EMA system rose The Graph token. The purpose of digital currency is to define the resistance of USD 0.16. This is after reaching the bottom price of less than 0.10 dollars. At the current price of US $0.13, the growth potential of this target is 23%.
Even so, before the token rises to $0.16, it may encounter slight resistance at the level of $0.13. The dynamic password is already scrolling after arriving in the region. Any implicit adjustment may result in the clearing of Graph tokens at 0.117 dollars. This will start buying and selling at a relatively low level.
Summary
With the improvement of general data encryption mentality, Graph token has been promoted. We will set the target at $0.16, which is also the key resistance after the token gets rid of the bottom of $0.10. The price is US $0.13, which meets some resistance. Investors should pay attention to reducing positions and buying, which may be 0.117 dollars.
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