The Graph climbs today: Key reasons behind the rally

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The graph surges 10.34% today

Highlights

GRT is trading at $0.028645, above MA-20 ($0.02715050) but well below MA-50 ($0.03332880) and MA-200 ($0.05927800), indicating a persistent medium- to long-term downtrend.
Momentum indicators are conflicted: daily MACD and ADX remain bearish, while RSI (36.8) and oversold CCI suggest short-term seller exhaustion despite prevailing negative sentiment.
Expected trading range for the week is $0.020817 to $0.025260, with a less than 20% probability of price increases and risk of further downside below $0.0256.

Anton Kharitonov, expert at Traders Union, notes the short-term price spike but views it as a weak countertrend move within a clear long-term bearish framework. He points to the lack of fundamental news and persistent negative momentum signals like MACD and ADX, which confirm little confidence among major market players. Kharitonov highlights that GRT remains well below key moving averages, emphasizing sustained vulnerability. Oscillator exhaustion could lead to temporary stabilizations, but the probability of meaningful upside is minimal. He warns, "Sustained recovery is unlikely without new catalysts and improved technical confirmation."

Viktoras Karapetjanc, expert at Traders Union, sees short-term momentum as an early signal for possible reversal potential. He believes volatility is opening up tactical opportunities for agile traders despite the noisy backdrop and lack of fresh news. Karapetjanc notes that oversold readings and resilient intraday price action hint at improving sentiment. The analyst remains constructive, stating, "Bullish structure will quickly re-emerge if GRT breaks above resistance — further growth is on the table for active participants."

Bearish momentum prevails as intraday volatility rises

Momentum indicators show conflicting signals. The daily MACD and ADX are both negative and in sell mode, pointing to prevailing bearish momentum, while RSI sits at 36.8 and CCI is oversold, hinting at short-term exhaustion in selling pressure. BBP remains negative, indicating sellers still dominate, yet the daily price is up 10.34%, with $0.028645 close to today’s high ($0.02872) after a slight overnight gap. Intraday volatility is high, and price shows strength building toward session highs, though oscillators are mixed and do not confirm the full extent of bullish intraday tone.

Previously it was reported that The Graph is trading firmly below all major weekly moving averages, with bearish momentum indicators including RSI, CCI, and MACD confirming ongoing weakness and the absence of substantial support. The asset is expected to remain range-bound with limited recovery prospects, facing resistance at the Ichimoku Kijun and a high likelihood of continued downward or sideways movement 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

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