GRT/USD latest news: The Graph trades near recent lows; support seen around $0.03850

Traders Union
All News
Crypto
The Graph slides 7.09% today

Highlights

GRT/USD trades at $0.04274, decisively below the MA-20 ($0.04874450), MA-50 ($0.05621280), and MA-200 ($0.08175170), confirming multi-horizon seller dominance.
Momentum indicators remain strongly negative, with the daily RSI at 37.88 and a 7.09% intraday price drop reflecting persistent bearish pressure and high volatility.
Near-term range is projected between $0.03850 and $0.04650, with less than 20% probability of a price increase and sustained downside risks prevailing.

Bearish momentum persists as indicators show limited buyer interest

Momentum signals remain strongly negative, as both MACD and ADX indicate ongoing bearish pressure and a well-established downtrend. Oscillators show mild oversold conditions, with the daily RSI at 37.88, CCI at –85.47, and Stoch RSI issuing a strong sell; this suggests waning downside momentum but not yet a reversal. BBP has flipped to a weak buy, hinting at occasional buyer interest, but overall sellers remain dominant. The Awesome Oscillator is neutral, and daily price action saw no gap between the previous close and today’s open. The price remains near the lower end of today’s range after a 7.09% drop, reflecting high intraday volatility and continued downward pressure since the open.

Downside risks increase as range-bound scenario dominates

For the next 5 trading days, GRT/USD will likely trade within a volatility band relative to current levels, in the $0.03850 to $0.04650 range. The probability of a price increase is very low (less than 20%), with a further decline more likely. The baseline scenario envisions sideways movement between $0.03850 and $0.04650. A bullish case would require a breakout above $0.04650 resistance, while a bearish break below $0.03850 could trigger renewed selling toward fresh lows; overall risks in the near term remain skewed to the downside.

Anton Kharitonov, expert at Traders Union, sees sustained seller control in GRT/USD, with all major technical signals confirming a bearish trend. He notes that oversold readings and the occasional weak buy interest have not been enough to spark a reversal. The baseline scenario remains sideways or lower, unless price can decisively clear the $0.04650 level. "Until GRT/USD reclaims key resistance, I remain on the sidelines and expect further downside risk in the near term."

Previously it was reported that the asset remained pressured by ongoing bearish momentum, trading below major moving averages and encountering resistance near the Ichimoku Kijun while weak support is observed above $0.045. Technicals—including negative MACD, ADX-confirmed downtrend, and oversold oscillator readings—suggest further downside risk as weak upside momentum continues to dampen rebound prospects.

Source of Data: GRT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.