Buying pressure lifts The Graph higher in today trading

Traders Union
All News
Crypto
The Graph surges 10.14% today

Highlights

GRT trades at $0.02888, below its MA-20 ($0.034512), MA-50 ($0.037057), and MA-200 ($0.066137), confirming persistent short-, medium-, and long-term bearish pressure.
Momentum indicators (MACD, ADX, RSI 23, CCI –164, D1 Stoch RSI) show deep oversold conditions, but intraday buying sparked a 10.14% price spike with high volatility near session highs.
With weekly trend indicators flagging 'Sell', GRT is likely to move sideways between $0.03197–$0.034305; breakout above Ichimoku Kijun ($0.034405) needed for bullish shift.

Anton Kharitonov, expert at Traders Union, observes consistent bearish momentum for GRT across all time frames. He notes the failure to reclaim key moving averages and persistent selling pressure despite an intraday bounce. Oversold readings on major indicators only suggest a temporary pause in the downtrend. Lacking supportive news or fundamental catalysts, sentiment is unlikely to recover quickly. "Until GRT reclaims $0.034512 and breaks the pattern of weak rallies, I expect further downside," he concludes.

Viktoras Karapetjanc, expert at Traders Union, emphasizes the recent surge and sees oversold conditions as an opportunity. He highlights that short-term volatility and persistent intraday buying show traders are willing to step in aggressively. Although no new positive news is present, he views the market setup as ripe for a relief rally if resistance breaks. "With strong buying surfacing and volatility elevated, further upside could unfold quickly once $0.034405 is overtaken," he says.

Jainam Mehta, market strategist, identifies strong divergence between intraday momentum and the broader bearish bias. He points to the volatility band of $0.03197 to $0.034305 as a tactical zone for short-term trades. A relief rally is possible if bulls force a breakout over Ichimoku resistance. "A brief contrarian long play may be warranted, but strict stops are critical until major moving averages flip," Mehta advises.

Oversold signals intensify despite short-term buying divergence

Momentum indicators on the daily chart remain negative, as both MACD and ADX suggest the persistence of selling, with ADX just below the strength threshold. RSI at 23, CCI at –164, and daily Stoch RSI all signal deep oversold conditions, while BBP indicates sellers still dominate intraday action. Price is trading near session highs with pronounced volatility, showing substantial intraday buying activity. The Awesome Oscillator aligns with this intraday upward move, and divergence between short-term buying pressure and overall bearish momentum suggests the possibility of a brief relief rally.

Last time, analysts noted that The Graph is experiencing pronounced bearish momentum, trading significantly below all major moving averages with strong seller dominance confirmed by technical indicators such as MACD and ADX. Despite extreme oversold conditions signaled by RSI and other oscillators, the absence of nearby support and persistent resistance at the Ichimoku Kijun level suggests continued downside or consolidation is likely in the near term.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.