GRT Likely To Retrace Short Term, Despite Bullish On-Chain Metrics
- Santiment revealed in an X post today that GRT’s price has doubled since 19 October 2023.
- According to the post, there has also been a notable increase in transactions exceeding $100K.
- At press time, GRT was trading hands at $0.131 following a 24-hour loss of over 5%.
The Graph (GRT) has nearly doubled in price since 19 October 2023 and may continue to rise, according to the blockchain intelligence platform Santiment. In an X post published earlier today, Santiment noted that the altcoin has seen “major whale movement” with several new addresses being created on-chain.
— Santiment (@santimentfeed) November 8, 2023
#TheGraph has nearly doubled since October 19th, and there has been major whale movement and new addresses being created. To identify whether a #bullish trend can continue, the mean dollar age line moving down (like it has for $GRT) is often validation. https://t.co/mJZiZitJ9P pic.twitter.com/q0Dzp3dsPd
Santiment also revealed that the mean dollar average line for GRT is moving down. This suggests that the cryptocurrency’s bullish trend may continue in the short term.
Further on-chain analysis shows that The Graph has recorded its hi…
The post GRT Likely To Retrace Short Term, Despite Bullish On-Chain Metrics appeared first on Coin Edition.
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GRT Likely To Retrace Short Term, Despite Bullish On-Chain Metrics
- Santiment revealed in an X post today that GRT’s price has doubled since 19 October 2023.
- According to the post, there has also been a notable increase in transactions exceeding $100K.
- At press time, GRT was trading hands at $0.131 following a 24-hour loss of over 5%.
The Graph (GRT) has nearly doubled in price since 19 October 2023 and may continue to rise, according to the blockchain intelligence platform Santiment. In an X post published earlier today, Santiment noted that the altcoin has seen “major whale movement” with several new addresses being created on-chain.
— Santiment (@santimentfeed) November 8, 2023
Santiment also revealed that the mean dollar average line for GRT is moving down. This suggests that the cryptocurrency’s bullish trend may continue in the short term.
Further on-chain analysis shows that The Graph has recorded its hi…
The post GRT Likely To Retrace Short Term, Despite Bullish On-Chain Metrics appeared first on Coin Edition.
Read More