The Graph

The Graph, a platform that facilitates developers’ easy access and retrieval of information from blockchain networks such as Ethereum, IPFS, and POA, has recently garnered significant attention from crypto investors and traders. According to data from CoinMarketCap on February 19, 2024, The Graph (GRT) has experienced a substantial 23% upside momentum in the last 24 hours. Why GRT token price increase? 
The primary reasons behind this significant price surge are the recent breakout of resistance, the <a href="https://news.todayq.com/crypto-airdrop-how-to-claim-it-and-how-to-be-eligible-for-it/" rel="noopener noreferrer nofollow">upcoming airdrop</a>, and the achievements in Q4 2023.&nbsp;
According to a recent post by The Graph on X (formerly Twitter), in the fourth quarter of 2023, the platform saw significant growth by handling over 958 million queries, a 65% increase from the previous quarter. The platform continued to support various web3 areas, achieved success with Layer 2 transfers, and launched the Sunray Phase for faster-decentralized data access.
The New Era’s roadmap forThe Graph outlines future goals, including enhanced developer tools and new features like SQL query capability. The platform is also working on simplified billing, introducing a Free Query Plan. Alongside the impressive Q4 2023 achievements, crypto enthusiasts are anticipating major graph token airdrops for its early users. The Graph’s technical analysis and upcoming levels 
With these optimistic views, The Graph token GRT is currently trading near $0.26, experiencing a significant 23% upside momentum in the last 24 hours. Looking at the GRT token over a longer period, it has shown a massive 60% upside momentum in the last 7 days and over 74% upside momentum in the last 30 days.
Additionally, this substantial price surge in the last 24 hours has also led to a significant increase in its 24-hour volume. According to CoinMarketCap, The Graph GRT experienced over 99% volume growth in the last 24 hours, currently standing near $516 million. Source: TradingView 
According to expert technical analysis, The Graph’s GRT token is bullish as it is trading above its 200 EMA (Exponential Moving Average). Recently, GRT broke out of a strong resistance level near $0.21, and following this breakout, it surged over 23% upside momentum. The next resistance levels are expected near $0.32 and $0.51. In the coming days, it is anticipated that GRT may hit these levels, as they pose as additional hurdles for the token in the upcoming days.
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The Graph price soars 23%, eyes on $0.32

Todayq News

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