The Graph is rising today: what traders are watching (January 4)

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The Graph Surges 10.43% Today

Highlights

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Anton Kharitonov, expert at Traders Union, sees persistent weakness in The Graph’s medium- and long-term structure. He points out that recent bullish momentum above MA-20 is undermined by sell signals from the MACD, ADX, and the lack of any supportive news drivers. Overbought oscillators with high intraday volatility indicate that the rally may already be running out of steam. Kharitonov is especially concerned about the string of failed attempts to reclaim the MA-50 and the probable risk of price sliding back below $0.040575. He cautions, "Despite the daily bounce, I see little evidence of lasting strength and consider breakdown risk dominant in the next few sessions."

Viktoras Karapetjanc, expert at Traders Union, notes the strong intraday recovery and robust 10.43% move as signs of buyer engagement. He acknowledges ongoing medium-term resistance, but highlights that the bullish structure remains intact above the Ichimoku Kijun line and MA-20. Karapetjanc stays optimistic despite the absence of positive news, anticipating renewed opportunities if buyers push above $0.044217. He maintains confidence in the market’s capacity to surprise to the upside. "I expect further growth if momentum holds and see this setup as fertile ground for swift rallies above resistance," he states.

Jainam Mehta, market strategist, recognizes the conflicting momentum signals at play for GRT. He thinks oscillators’ mixed readings offer tactical traders a rangebound or mean-reversion opportunity near current levels. Mehta suggests that a break of $0.040575 or $0.044217 could trigger rapid moves in either direction. "With volatility elevated, I see scope for tactical trades on sharp pullbacks or breakout plays depending on which level yields first," he advises.

Intraday strength tested by mixed momentum and overbought signals

Momentum indicators paint a mixed picture: MACD signals a strong daily sell, and ADX is modest but also leans to the bearish side, while oscillators diverge — RSI is slightly bearish but CCI suggests moderate bullishness and Stoch RSI flags clear overbought conditions. BBP reflects strong buyer dominance intraday, while today’s rally shows a robust 10.43% gain from the previous close, with a small gap higher and price now near session highs. Volatility is high, and the intraday tone favors persistent strength toward the daily top, although divergent momentum and overbought oscillators signal possible exhaustion soon.

Last time, analysts noted a short-term bullish bias as The Graph traded above the 20-day moving average but struggled to break through the 50-day and 200-day resistances, reflecting broader seller control. Technical momentum indicators such as MACD and ADX remained bearish while oscillators signaled overbought conditions, supporting sideways consolidation with limited upside potential as downside bias persists.

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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