Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?<\/a><\/div>\nIn the meantime, investors and traders should exercise caution as the token is entering a high volatility zone which may hurt future gains in the long term. As of writing, however, the bulls are still in control of the market, ensuring a short term breakthrough possible.\u00a0<\/span><\/p>\nFeatured image from Medium, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The Graph (GRT) recovered from a near reversal yesterday, attracting the attention of more investors along its recovery. According to CoinGecko, is up nearly 20% since last week, confirming a possible long-term continuation of its bullish trend. If this continues, GRT\u2019s long-term prospects will be exceptionally bullish. Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details However, the past price movement of the token might be indicative of a short-term timeframe with bearish undertones. If this is the case, GRT\u2019s gains within the last few weeks might be in danger of a reversal.\u00a0 The Graph Volatility: Obstacle For This Week\u2019s Movement? CoinCodex notes that the token has experienced significantly high volatility as a result of the token\u2019s previous bullish price movements in the last couple of days. Volatility, in every sense of the word, is a double-edged sword for investors as it introduces a lot of uncertainties for the asset.\u00a0 In this case, the sharp decline and the token\u2019s subsequent jump have led to the bulls losing momentum to sustain a long-term trajectory. It has also narrowed the target of the bulls in the short term from $0.2890 to $0.2016. Although the sharp decline might be beneficial as it reintroduced competition within the past bullish days, it has hurt the progress of GRT momentum-wise, possibly lengthening the timeline for long-term holders to experience some gains.\u00a0 Breakthrough On $0.224 Should Open The Floodgates Medium Term\u00a0 With the present market environment heavily favoring the bulls in the long term, $0.2242 presents itself as a crucial medium-term target as a breakthrough on this resistance level will open the door toward $0.2890. However, this can only occur if Bitcoin also continues to push through its crucial resistances which may or may not happen.\u00a0 However, with improving macroeconomic circumstances, riskier assets like cryptocurrencies might experience capital inflow if fear of an economic downturn continues to weaken in the coming weeks. As the US economy continues to perform in the long term, major cryptocurrencies like Bitcoin and Ethereum will experience jumps in their price, further strengthening the bullish thesis.\u00a0 But the market is not entirely on board the bullish hype train the macroeconomic side is pushing. With volatility also trending upward in the traditional finance space, fears of a possible crash might leak to the crypto market, hurting GRT\u2019s long-term prospects.\u00a0 Related Reading: Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher? In the meantime, investors and traders should exercise caution as the token is entering a high volatility zone which may hurt future gains in the long term. As of writing, however, the bulls are still in control of the market, ensuring a short term breakthrough possible.\u00a0 Featured image from Medium, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":644974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,87796,87795],"class_list":["post-644957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-grt","tag-the-graph"],"acf":[],"yoast_head":"\n
The Graph Soars Above 20% - Will This Momentum Continue?<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n