The Graph ($GRT ) has experienced a notable decline, with a 24-hour price change of -7.831%.
Recent price action has been limited between a high of 0.078 and a low of 0.0693.
Bollinger Bands confirm a squeeze, indicating potential volatility ahead; the upper band is at 0.0773, while the lower is at 0.0706.
With established support at 0.0693 and resistance at 0.0773, the current downtrend suggests weakness in momentum.
Macroeconomic factors, such as inflation data and regulatory uncertainty, exacerbate selling pressure.
While Bitcoin's influence remains undefined, its volatility tends to ripple into altcoins like GRT.
Traders should consider a short-term strategy, given the current volatility and downward trend.
A key takeaway is the importance of keeping an eye on macroeconomic shifts, as they may offer critical insights for upcoming price movements in GRT.
