GRT trades sideways with support at $0.0270 and trend indicators favoring further weakness

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The Graph rises 0.07% this week

Highlights

GRT is trading at $0.02788, below MA-20 ($0.029069), MA-50 ($0.034989), and MA-200 ($0.061889), indicating sustained multi-timeframe selling pressure.
Momentum indicators—including MACD, ADX, and RSI—signal a strong bearish bias, with less than a 20% probability of price increase over the next week.
Key levels for the coming days are support near $0.0270 and resistance at $0.0302; a move below support likely extends the downtrend.

Bearish momentum prevails as major averages and signals reinforce trend

On the weekly timeframe, GRT trades consistently under major moving averages. The Ichimoku Kijun at $0.030215 serves as dynamic resistance, with MA-20 providing additional resistance nearby, while $0.0270 offers notable support. Weekly MACD and ADX both signal a strong bearish setup, reinforcing trend weakness, and the RSI (W1) hovers in neutral to slightly bearish territory, reflecting ongoing selling momentum.

Sideways-to-lower range expected as technicals favor further weakness

Looking ahead, the technical outlook for the next week points toward continued sideways to downward movement, with GRT likely to fluctuate between $0.02510 and $0.03010. The probability of an upward reversal is low, with W1 momentum signals and trend indicators favoring the bears. A break below $0.0270 could accelerate declines toward the lower end of the projected range, while a decisive close above $0.0302 would be required for the first sign of a bullish breakout.

Jainam Mehta, Market Strategist, observes that The Graph (GRT) closed this week well below its major weekly moving averages, confirming that downside momentum remains dominant. He notes that technical signals continue to lean bearish, with momentum indicators and resistance levels capping any meaningful upside. Still, Mehta sees scope for a volatile range-bound move, as divergence among oscillators introduces some contrarian tactical risk. "Unless GRT reclaims $0.0302 on a weekly close, I remain defensively positioned and view any rallies as opportunities to reduce risk rather than chase upside."

Last time, analysts noted that The Graph continues to exhibit sustained bearish momentum, trading below all major moving averages with negative signals from MACD and ADX, while daily RSI remains weak but not oversold. Resistance is established near the Ichimoku Kijun level, with limited upside expected and a higher probability of further downside unless support at intraday lows breaks or a clear move above resistance occurs.

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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