The Graph Token Surges near ATH ! Will GRT Price hit $1 Soon?

The week began with a bearish trend for the majors. Failure to move through the day’s pivot levels would leave support levels in play. Following the highly volatile in past few days, Bitcoin price has seen a massive roller coaster ride. At the same time, Dogecoin, XRP, and a few more altcoins like The graph (GRT) price have exploded in value and reduced BTC’s dominance to 62.5%. 

The Graph Token: GRT Price Surged 20%

The Graph’ (GRT) which rallied 129.8% in the previous month. The project is a relative newcomer but already trades at number 50 in the list of coins by value.

At press time, The GRT price is trading at  $0.847824 USD with a 24-hour trading volume of $1,000,614,164 USD. The Graph is up 30.65% in the last 24 hours. The current CoinMarketCap ranking is #41, with a market cap of $1,056,106,320 USD.

Currently GRT, following the defi macro bull trend. If the price smashes the support levels, the price is expected to go as low as $0.4. 

GRT token is  holding the 50-SMA support level for a while. However, a breakdown below this point can quickly take GRT price towards the 100-SMA at $0.49. Failure to hold this level will push the digital asset to its last low at $0.42.

However, the coming couple of hours are very determining as the price may also rebound to touch the levels close to $1.

The GRT price is expected to rally hard following a bullish trend as predicted by an analyst with twitter handle @QuintenFrancois 

The Analysts believe that the token $GRT is close to making a new ATH.

On the whole, currently, it is important for the Graph token price to maintain strong at $0.7 to avoid further plunge to the lowest levels.

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