The Graph up 9.31% as oversold technicals limit bullish momentum: weekly report

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The Graph rises 9.31% this week

Highlights

GRT remains in a prolonged downtrend, trading well below key weekly moving averages with sustained selling pressure.
Momentum indicators confirm a strong bearish bias, with oversold conditions and minimal evidence of sustained buyer interest.
Near-term price action is expected to range between $0.0240 and $0.0292, with a bearish breakout below $0.0240 exposing further downside risk.

Seller momentum dominates as technicals reinforce oversold bias

Technical signals on the weekly timeframe are bearish overall. GRT trades below all major weekly moving averages, with the MA-20 serving as dynamic resistance. The MACD and ADX reflect strong seller control, while the Relative Strength Index, Stochastic RSI, and Commodity Channel Index highlight ongoing oversold conditions. Bull/Bear Power confirms that buying interest remains very weak.

Sideways action likely as upside breakout risk remains low

For the next 7 days, the anticipated trading range is $0.0240 to $0.0292, aligning with current volatility and weekly chart resistance. A base case sees GRT moving sideways within this band, as underlying technicals show no clear bullish signals. If prices break above $0.0292, buying momentum could accelerate, but with less than a 20% probability given prevailing trends. Conversely, a move below $0.0240 may trigger renewed selling, exposing GRT to further declines.

Jainam Mehta, market strategist, notes that GRT gained 9.31% over the past week, rallying to the top of its weekly range amid persistent medium- and long-term technical weakness. He observes that the token remains well under the MA-20, MA-50, and MA-200, with all major indicators pointing to continued seller control and oversold momentum. Mehta sees the base case for the coming week as a sideways trade between $0.0240 and $0.0292, with a breakout above resistance at $0.0292 offering only limited upside potential. "Despite this week’s bounce, the technical setup still favors caution — I’m watching for a clear shift in trend before changing my view."

Earlier, analysts noted that The Graph was showing fleeting short-term bullish activity but remained under broader medium- and long-term bearish pressure. The current technical backdrop confirms ongoing downside risks, and with sellers firmly in control, market participants should monitor for a decisive breach below $0.0240, which could trigger a fresh wave of selling in the week ahead.

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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