In recent months, the indexing protocol The Graph (GRT) has captured the attention of altcoin investors, thanks partly to its growing adoption within the Web3 and decentralized finance (DeFi) ecosystems. Backed by an experienced team with roots in the Ethereum Foundation, Salesforce, Barclays, and more, The Graph has developed an open data layer easily accessible to DeFi developers. This development has contributed to a robust ecosystem that supports a bullish outlook for GRT’s future.
Crypto analyst Captain Faibik recently shared his insights on the future trajectory of GRT’s price on the X platform. According to Faibik, GRT is primed for a rally of 70-80% in November, following a breakout from a falling wedge pattern that had previously constrained its price for eight months. This bullish outlook is further supported by a perfect head and shoulders (H&S) formation weekly. The weekly Relative Strength Indicator (RSI) also indicates a bullish divergence following a 30% spike in the past seven days.
Despite being a relatively young altcoin that has yet to experience an entire crypto bull market, GRT is well-positioned for significant growth. Analysts predict that GRT could potentially rally 100X during the next crypto bull market, anticipated to be triggered by the fourth Bitcoin halving in April of next year. Furthermore, the demand for The Graph project will continue to rise, fueled by the burgeoning ecosystem of DeFi and Web3 projects.
CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…
Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…
Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…
Story Highlights The live price of the TON token is Toncoin price could hit a…
With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…
The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July…