The Graph [GRT] short-term investors can expect this in Q3 2022

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After being a vic­tim of capit­u­la­tion in May, The Graph [GRT] has con­tin­ued to strug­gle. It all start­ed with a hefty price fall from $0.34 to $0.12 between 5 May and 12 May. 

Despite a good recov­ery for many cryp­tocur­ren­cies to surge above May lev­els, GRT did not con­cur to anoth­er three-month high. In June, it went fur­ther down to $0.09. Inter­est­ing­ly, GRT gave its investors some glim­mer of hope in July—surging from $0.08 on 13 July to $0.14 on 30 July.

How­ev­er, GRT seems to have returned to its old unin­spir­ing ways. In the last 24 hours, it record­ed an 11.44% dip to $0.11.

Not this time

The cur­rent GRT state appears to be unwill­ing to a price increase. Accord­ing to San­ti­ment data, GRT’s vol­ume decreased suf­fi­cient­ly between 31 July and today (2 August). As of yes­ter­day (1 August), it was 126.61 mil­lion. At press time, GRT vol­ume had fall­en to 71.95 million. 

Addi­tion­al­ly, the thir­ty-day MVRV ratio has not been impres­sive either, reflect­ing an 11.26% drop over the last 24 hours. 

Source: San­ti­ment

Expect­ed­ly, there has been a sim­i­lar drop in mar­ket cap­i­tal­iza­tion. While GRT claimed the $1 bil­lion cap in the last week of July and held onto it till the first day in August, the present state shows otherwise. 

Less, not more

Based on the GRT four-hour chart, there could be some con­sol­i­da­tion for GRT investors. This is because the Chaikin Mon­ey Flow (CMF) in green could move above the zero line in favor of the buy­ers. Also, the On-Bal­ance-Vol­ume (OBV) might con­trast with the CMF sentiment.

At press time, the OBV (blue) revealed a down­trend even as the price con­tin­ued to move fur­ther down. This move might prove that GRT investors may lose faith in the coin with increased sell­ing pressure.

Source: Trad­ingView

These indi­ca­tors might keep investors doubt­ful about the sol­id fun­da­men­tals GRT boats of. How­ev­er, they can find solace in the Rel­a­tive Strength Index (RSI), at press time, the RSI looked neutral. 

Source: Trad­ingView

The RSI stance may, how­ev­er, be too weak to project a GRT uptrend, espe­cial­ly as deposits on exchanges have tak­en a 406% fall over the last 24 hours as per Cryp­to­Quant

Nev­er­the­less, it may be too soon to write off GRT in this third quar­ter (Q3). Still, investors can con­tin­ue to watch the accu­mu­la­tion lev­els if it would record any rise, as this may result in a price spike.

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