- Graph.eth transferred 50 million The Graph (GRT) tokens to Binance.
- GRT’s trading volume rose by 70.94% in the last 24 hours.
- GRT surpassed the $0.0855 threshold and $0.0945 resistance level.
Lookonchain, an on-chain monitoring platform, disclosed in a recent X (previously known as Twitter) post that graph.eth transferred 50 million The Graph
As of the latest reports, GRT appears to have sustained its upward trajectory, marking a 9.47% increase and trading at $0.1004, as per CoinMarketCap data. In addition to the price surge in the last 24 hours, GRT witnessed a significant 70.94% rise in its trading volume during the same timeframe. Consequently, the 24-hour trading volume of GRT was recorded at $107,813,994.
On October 5, 2023, GRT fell beneath the support level of $0.0855. In the following days, it tried to regain its standing above this crucial price level but was consistently repelled by it. Traders perceived this as a negative trend, pushing the altcoin’s value down to the next support level at $0.0765.
On October 19, 2023, there was an attempt by sellers to push the value of GRT below a certain point, but bullish investors successfully thwarted this. This resulted in a significant recovery in the price of the altcoin, initiating a period of consecutive positive days. During this time, GRT surpassed the $0.0855 threshold and broke through the $0.0945 resistance level, effectively turning it into a support level.
GRT has strived to maintain its upward trend in the last two days and surpass the $0.1045 mark. Despite achieving a peak of $0.1048 in the previous day’s trading, it experienced a swift retraction, ending the day’s trading below the significant resistance level.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
