Weak momentum and seller pressure persist

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The Graph drops 7.27% today

Highlights

GRT trades at $0.0269, below the MA-20 ($0.02768650), MA-50 ($0.03417700), and MA-200 ($0.06030150), reflecting strong seller control in all timeframes.
Momentum is negative with both MACD and ADX on D1 supporting strong selling conditions, while RSI sits just above oversold levels and Stochastic RSI is at maximum overbought.
Key resistance is at $0.02987 (Ichimoku Kijun), with the probability of a short-term price increase below 20% and further downside likely if $0.024 support breaks.

Overhead resistance and mixed signals define bearish momentum

From a technical perspective, GRT faces overhead resistance at the Ichimoku Kijun line of $0.02987, with momentum indicators such as MACD and ADX on the daily chart emphasizing a strong selling environment. The RSI is just above oversold, while the Stochastic RSI is at its overbought extreme, hinting at the potential for a reversal despite no clear sign of one. The Bull/Bear Power indicator marginally favors buyers on the day, but price action near the intraday low and high volatility highlight lingering downside pressure. Indicator signals are mixed, but the overall momentum confirms the day's sharp downside movement.

Lower consolidation favored as weakness persists across weekly signals

In the short term, GRT is expected to trade within a $0.024 to $0.029 volatility band relative to current levels, reflecting typical price swings for the asset. The probability of a short-term upward move is less than 20%, as all major weekly indicators continue to signal weakness. The baseline scenario is a consolidation within this lower corridor. If a sustained breakout above $0.02987 occurs, it could trigger a move towards $0.029, while a drop below $0.024 may lead to further downside with minimal nearby support.

Anton Kharitonov, expert at Traders Union, sees The Graph (GRT) under strong selling pressure across all timeframes. He notes bearish momentum remains intact as GRT continues to trade below major moving averages, with little sign of reversal. Kharitonov is cautious given mixed indicator signals and the risk of further downside if support fails. "My base case is for GRT to consolidate within the $0.024–$0.029 range — I remain defensive until a clear breakout above $0.02987 occurs."

Previously it was reported that The Graph (GRT) has rebounded above its 20-day moving average, showing strong daily gains despite remaining below key longer-term averages and within a broader bearish trend. While intraday momentum signals buyer strength, mixed oscillator readings and strong bearish momentum suggest the recent bullish move may be short-lived unless GRT decisively surpasses the immediate resistance at the Ichimoku Kijun line.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.