GRT news: The Graph falls below key support, trading at $0.04057 with elevated selling pressure

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The Graph slides 7.03% today

Highlights

GRT trades at $0.04057, significantly below its MA-20 ($0.048488), MA-50 ($0.05586060), and MA-200 ($0.08142060), confirming a strong bearish trend across all timeframes.
Momentum indicators—including daily MACD, ADX, RSI at 35, CCI, and BBP—signal persistent selling pressure and intensification of the current downtrend, with a recent price decline of 7.03%.
Expected price range for GRT over the coming week is $0.037 to $0.044, and the probability of a sustained price increase is less than 20% as all major indicators point lower.

Intensifying downtrend as momentum indicators confirm selling pressure

Technical momentum continues to deteriorate, with the daily MACD signaling strong downside and the ADX confirming pronounced selling pressure. The RSI is at 35, showing persistent weakness, the CCI is deep in oversold territory, and the Stoch RSI remains neutral without indicating a reversal. Negative BBP values highlight dominant sellers, while the price is near the session low following a decline with elevated volatility and no meaningful recovery. The Kijun level from the Ichimoku indicator at $0.050755 stands as the nearest resistance, with no immediate Ichimoku-based support, confirming broad technical weakness and trend intensification.

Sideways movement likely as technicals signal further downside risk

For the coming week, GRT is likely to fluctuate between $0.037 and $0.044, representing a volatility band relative to current levels. All major daily and weekly indicators, including MA-50, MACD, RSI, and ADX, point clearly lower and show no sign of a sustained rebound. The most probable outcome is sideways movement near the lows. In a bullish scenario, a move above $0.044 could prompt short-term recovery toward resistance, but further selling toward new lows is more likely if $0.037 breaks.

Anton Kharitonov, expert at Traders Union, sees a clear technical breakdown in GRT, with all key moving averages confirming persistent bearish momentum. He notes that momentum indicators are flashing strong weakness and sellers are in control as price remains near session lows. Kharitonov remains firmly cautious unless $0.044 is reclaimed. "With major support at $0.037 vulnerable, I am defensive — further downside risk dominates until buyers show sustained strength above resistance."

Last time, analysts noted that The Graph was trading decisively below all major moving averages, with technical indicators including negative MACD, ADX-confirmed downtrend, and mildly oversold oscillators highlighting persistent seller dominance and dampened buyer interest. The main focus was on price action near the lower end of its recent range amid heightened volatility — as covered in the recent analysis persistent seller dominance and dampened buyer interest — with dynamic resistance at the Ichimoku Kijun and support set near recent lows.

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.