The Graph weekly analysis: gains 2.11% but technicals signal continued consolidation

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The Graph rises 2.11% this week

Highlights

The Graph saw strong developer adoption this week, reaching 11.6 billion queries over six months following its migration to Arbitrum.
The rollout of substreams-powered subgraphs drove higher network usage and deeper integration within the expanding Web3 ecosystem.
No major regulatory changes or tokenomics updates were reported during the period, keeping the focus on ecosystem and usage metrics.

Developer adoption accelerates as network usage hits record highs

The main driver this week is ongoing strong developer adoption of The Graph, supported by reaching 11.6 billion queries over the last six months following its migration to Arbitrum. The recent rollout of substreams-powered subgraphs further boosted network usage and integration within the expanding Web3 ecosystem. No major regulatory changes or tokenomics updates were disclosed during the period.

Bearish technicals persist as momentum and trend indicators weaken

On the weekly chart, GRT remains well beneath its MA-20, MA-50, and MA-200, with the Ichimoku Kijun at $0.07530 providing the closest dynamic resistance. The weekly MACD stays in sell territory, and a low ADX reading of 18.58 indicates a weak trend. RSI is below 40, CCI is oversold at -88, and BBP is negative, suggesting continued bearish sentiment. The Awesome Oscillator holds neutral, not confirming the minor upward move seen in price.

Sideways range likely as breakout probability remains subdued next week

Over the next five to seven trading days, GRT is expected to move sideways within a range of $0.03900 to $0.04400, as technical signals point to a low likelihood of upward breakout. Should buyers push the price above $0.04400, resistance may emerge near $0.04500. If selling resumes and price falls below $0.03900, downside risk extends toward $0.03800, with overall conditions favoring consolidation in the short term.

Viktoras Karapetjanc, analyst at Traders Union, sees constructive foundations emerging for The Graph (GRT) after this week’s 2.11% move higher, supported by robust developer adoption and increased network activity after its Arbitrum migration. He notes that persistent bearish technicals still limit bullish momentum, as GRT trades well below all major weekly averages and most indicators remain in oversold territory. Yet, ongoing fundamental progress, including the substreams rollout and sustained Web3 integration, signals opportunities for medium-term recovery once the technical backdrop improves. Karapetjanc believes buyers could gain an advantage if GRT reclaims ground above $0.04400, with consolidation likely in the $0.03900 to $0.04400 area meantime. "Strong adoption trends could lay the groundwork for a reversal in coming weeks — I am watching for bullish confirmation above resistance levels to confirm a sustained uptrend."

Last time we reported that The Graph was trading above its 20-day moving average but remained below key resistance levels, with short-term positive momentum and longer term selling pressure. Previously it was noted that mixed momentum indicators and multiple overbought readings suggested the rally is overextended and vulnerable to a pullback or sideways consolidation.

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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