The Graph (GRT)
The Graph (GRT)
The Graph serves as a pivotal indexing protocol for querying blockchain data, essential for Ethereum and IPFS networks, and is a key player in DeFi and the expansive Web3 ecosystem. It enables the creation and publication of open APIs, known as subgraphs, which are accessible through GraphQL for data retrieval.
The technical indicators highlight that the Graph crypto was trading below the key exponential moving averages of 20, 50 and 200 days indicating a bearish trend on the charts.
Recently, the GRT crypto suffered rejection from the 20 day EMA and made a breakdown on the lower side indicating a bearish continuation. It has a live market capitalization of $1.66 Billion and ranks 46th in the overall crypto market.
The Graph serves as a pivotal indexing protocol for querying blockchain data, essential for Ethereum and IPFS networks, and is a key player in DeFi and the expansive Web3 ecosystem. It enables the creation and publication of open APIs, known as subgraphs, which are accessible through GraphQL for data retrieval.
The technical indicators highlight that the Graph crypto was trading below the key exponential moving averages of 20, 50 and 200 days indicating a bearish trend on the charts.
Recently, the GRT crypto suffered rejection from the 20 day EMA and made a breakdown on the lower side indicating a bearish continuation. It has a live market capitalization of $1.66 Billion and ranks 46th in the overall crypto market.
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