GRT weekly review: price up but bears maintain pressure as technicals reject breakout above $0.0391

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The Graph rises 2.92% this week

Highlights

GRT is trading at $0.036088, below the MA-20 ($0.039559), MA-50 ($0.039174), and MA-200 ($0.069744), indicating strong multi-timeframe bearish momentum.
Momentum indicators (MACD, ADX, RSI, CCI, Bull/Bear Power) confirm persistent seller dominance without signs of oversold extremes, while Stochastic RSI hints at brief countertrend recovery.
Anticipated 5-day range is $0.0335-$0.0390 (±12%), with less than 20% probability of price increase; a decisive break below $0.0335 signals further downside.

Bearish momentum persists as weekly signals lack reversal cues

On the weekly timeframe, GRT trades firmly below all major moving averages, with the Ichimoku Kijun at $0.039135 acting as the nearest dynamic resistance. Weekly support is not clearly indicated by the Ichimoku, highlighting the dominance of bearish momentum. Weekly RSI does not signal oversold conditions, while other indicators like the MACD and ADX point to a lack of bullish momentum, confirming that sellers remain in control for now.

Downside risk elevated as sideways bias expected for next week

Looking ahead, the expected range for GRT over the next five to seven trading days is $0.0335 to $0.0390, representing a realistic band of around ±12% from the current level. The probability of a further decline remains high, with the base scenario anticipating sideways movement within this band. A break above $0.0391 could hint at the start of a recovery, but technical signals suggest this is unlikely; conversely, a move below $0.0335 would confirm an intensified downtrend and open further downside potential.

Sholanke Dele, market strategist, notes that The Graph (GRT) remained under sustained selling pressure this week, with no supporting news or catalyst to shift market sentiment. He emphasizes that the persistent bearish momentum, reflected in weekly indicators and the inability to regain any major moving averages, points to sellers firmly controlling direction. With the probable range set between $0.0335 and $0.0390 for the coming week, Dele remains cautious and frames the outlook as defensive. "As long as GRT stays below the $0.0391 resistance, I see no reason to expect the bias will shift from bearish — this is a week for disciplined risk management."

Last time, analysts noted that The Graph remained firmly in a bearish trend, trading well below all major moving averages with weak technical indicators such as a low RSI, negative MACD, and strengthened bearish momentum. Support is situated near recent lows, with dynamic resistance around $0.0753, and price action is expected to stay under pressure in the coming week unless momentum meaningfully improves.

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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