Here’s why The Graph is surging (January 1)

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The Graph Surges 10.03% Today

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Anton Kharitonov, expert at Traders Union, views the current GRT setup as decisively negative. He notes the price remains under all key moving averages, with momentum indicators persistently weak and selling pressure dominating daily and weekly timeframes. The absence of positive news further erodes sentiment. He warns that even a recent 10.03% intraday rally leaves the broader trend intact to the downside. "Sellers continue to control GRT — unless $0.040575 is reclaimed, I see little basis for optimism here," Kharitonov concludes.

Viktoras Karapetjanc, expert at Traders Union, acknowledges bearish momentum yet identifies opportunity within the structure. He sees the current consolidation as preparing the ground for stronger moves if resistance is challenged. Despite absent news, Karapetjanc believes the market offers several potential setups for proactive traders. He remains constructive on possible reversals. "If GRT breaks above $0.040575, a bullish structure can quickly re-emerge and further growth should be expected," Karapetjanc asserts.

Parshwa Turakhiya, analyst, sees the wide intraday rally as a short-term opportunity rather than a trend change. He highlights potential for volatility trades between $0.033 and $0.040575 given the oversold indicators. Turakhiya points out that the lack of supportive sentiment or news keeps risks elevated. "Cautious, nimble positioning is key here — waiting for a clear break out of this range is my preferred approach," Turakhiya says.

Bearish momentum holds as resistance aligns with oversold readings

The nearest dynamic resistance for GRT on the daily chart is the Ichimoku Kijun at $0.040575, while short-term support is likely near $0.033, the level where the price recently bounced. Momentum indicators remain bearish — both MACD and ADX are in strong sell territory, oscillators like RSI and CCI are at or near oversold levels, and the Stochastic RSI is neutral, but intraday timeframes are broadly overbought. The BBP indicator also maintains a sell outlook, confirming that selling activity dominates across most intervals. Today, GRT experienced a 10.03% intraday rally with no opening gap and is currently trading close to daily highs, although underlying daily and weekly trends remain divergent.

Previously it was reported that GRT remains under strong seller control, trading below all key moving averages with no effective support from these levels. Despite oscillators and momentum indicators diverging — with persistent bearish signals from MACD and ADX, but buyers staging a firm 7.22% gain intraday — the asset faces high downside risk as the price consolidates near support and volatility remains elevated.

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

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