# FxWirePro- GRTUSD (Chart of the day)

By Sheena Jordan

Canonical URL: https://www.tokenpost.com/news/investing/11257
Published: 2024-02-17T03:12:48.000Z
Updated: 2024-02-17T03:12:48.000Z
Section: Investing

> The Graph is an indexing protocol for organizing blockchain data and making it easily accessible with GraphQL. It consists of

The Graph is an indexing protocol for organizing blockchain data and making it easily accessible with GraphQL. It consists of

Indexers

Curators

Delegators

Benefits of Graph -

60-98% lower monthly costs

$0 infrastructure setup costs

Superior uptime

GRTUSD performed well in the past four days.

Any daily close above $0.225 confirms further bullishness.

GRTUSD gained more than 40% in the past six weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.1950 and is currently trading around $0.1934.

The bullish invalidation can happen if the pair closes below $0.140. On the lower side, the near-term support is $0.180. Any break below targets $0.15/$0.14.

The immediate resistance stands at around $0.2250. Any breach above confirms bullish continuation. A jump to $0.25/$0.30 is possible. A surge past $0.35 will take it to $0.50.

It is good to buy on dips around $0.150 with SL around $0.100 for TP of $0.30.

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