GRT H4 update..
HTF (Higher Time Frame) H4 trend: bullish
Key Findings:
1. GRT has experienced significant price growth in the past 7 days, with a +41% increase.
2. The current price of GRT is $0.30083.
3. The market capitalization of GRT stands at $2,541,371,230.
4. GRT has a total token supply of 10,057,044,431, with a circulation supply of 4,720,000,000.
5. The 24-hour price change for GRT is +18.1%.
6. The current trading volume for GRT is $21,794,741.46.
Insights:
1. GRT has shown strong bullish momentum in the past week, indicating positive market sentiment and investor interest.
2. The significant increase in price suggests growing demand for The Graph's indexing protocol and its utility in the DeFi and Web3 ecosystem.
3. The Graph has a large and active community, with thousands of developers deploying subgraphs for various DApps.
4. The recent increase in the CoinDesk Computing Index, driven by the performance of GRT and other related tokens, indicates a positive outlook for decentralized storage and indexing protocols.
Long/Short Ratio:
The long/short ratio for GRT is 18.00, indicating a bullish sentiment among major whale traders.
Latest News:
1. GRT, along with other AI-related altcoins, experienced significant gains, with GRT rallying over 40% in the past week.
2. The ongoing rally in decentralized storage network tokens, including GRT, has contributed to the growth of the CoinDesk Computing Index.
3. The integration of Solana's block history with Filecoin and the upcoming Dencun upgrade for Ethereum has driven investor interest in decentralized storage coins, including GRT.
Key levels:
Neutral: 0.2665
Discount zone:
0.2580 - 0.2479
Stop loss: 0.2300
Not a financial advice, but you have a better risk:reward ratio by managing your risk properly.
#GRT #GRT /USDT #SMC #keepitsimple #Write2Earn
