Graph Price Prediction: GRT surges 24% as experts say this new Solana Meme coin could be the best cryptocurrency to buy right now.

Graph’s price has surged 24% in the past 24 hours and 62% in the week, trading at $0.2662 as of 5 a.m., while trading volume has surged more than 103% to $562.5 million.

The surge in GRT prices coincides with growing interest in AI projects. Graph itself is a project that helps developers simplify data in just a few short steps. This includes helping AI developers analyze and process massive amounts of data using subgraphs.

graph price prediction

While The Graph has seen a strong price surge over the past seven days (a continuation of the recovery that began in mid-October), the token’s recent surge has been very steep.

Typically, such drastic price changes tend to see equally sharp corrections, unless a specific event or overwhelmingly positive market sentiment continues to push prices higher, or at least allow them to stabilize where they are.

Otherwise, there is a possibility of GRT price adjustment in the coming days. Currently, the token appears to have hit a major barrier at $0.28, but the current support at $0.26 still holds. Meanwhile, several technical indicators suggest that The Graph could soon see a correction.

The Bollinger Bands of the project remain fairly wide, which is a good sign. However, neither of the two levels appears to be favored, as the price is balanced at exactly the midpoint between the upper and lower bands. This could be a sign that the band may be narrowing in the near future, and in fact the current chart already gives some hints that that may be happening.

The project’s Relative Strength Index (RSI) level also shows a sharp decline from overbought territory to more neutral territory. The question now is whether this neutrality will persist or whether traders may rush to take profits, pushing RSI into oversold territory.

This could also push the price lower, allowing GRT to fall to support at $0.24 or potentially lower to $0.215.

However, if the bulls maintain the buying pressure, there is a chance that the token could rise once again and break the $0.28 resistance, returning to $0.30, a level not seen in nearly two years.

A promising alternative to The Graph

The Graph has seen massive gains recently, but a token called Smog (SMOG) could potentially bring even bigger gains to its holders. This is a dragon-themed meme coin project, which is well-positioned to capitalize on as the Dragon New Year begins in Chinese communities around the world.

The project is currently offering its tokens at a 10% discount to the market price, so if you’re interested, act quickly to take advantage of the special opportunity before the offer ends.

Investors can earn approximately 42% per year by staking their tokens and are also eligible for large airdrops in the future. The project platform says this will be “the best Solana airdrop ever.”

one #memecoin To rule them all! 🚀

Get ready for the best moment #airdrop Distributed in History #Solana. 💰

join #smog From Jilly! 🔥

Profile link 🔗 pic.twitter.com/vsn4p5cSF4

— Smog (@SMOGToken) February 8, 2024

Smog tokens can be exchanged for ETH and USDT or purchased directly with a credit or debit card.

Visit the SMOG presale and purchase tokens here.

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