The Graph edges lower facing resistance at $0.0258 and oversold RSI: weekly report

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The Graph slips 3.93% this week

Highlights

GRT remains in a strong bearish trend, with price trading firmly below all major weekly moving averages and lacking dynamic support.
Momentum indicators align bearish, with sellers maintaining control despite the asset approaching oversold territory on several measures.
The expected price range for the next week is $0.0230 to $0.0258, with further downside more likely than a rebound.

Bearish momentum strengthens as weekly signals and sellers dominate

On the weekly chart, GRT remains firmly below all major moving averages, with the nearest resistance at the MA-20. The RSI is at 29.07, nearing oversold territory, and the CCI at -64.76 also signals continued selling pressure. Weekly momentum is bearish, as highlighted by the MACD's "Strong Sell" reading, while the ADX at 26.73 confirms a solid negative trend and prevailing bearish sentiment. The Stochastic RSI is overbought, reflecting divergence against other oscillators, and both Bull Power and Bear Power indicators show sellers are firmly in control, matching this week's decline and volatility of 6.36%.

Narrow range expected as downside risk outweighs rebound potential

Looking ahead, GRT is expected to trade in a narrow range of $0.0230 to $0.0258 over the next 7 days, consistent with recent weekly volatility. The probability of a short-term rebound remains low, with less than a 20% chance of overcoming resistance, as all major weekly indicators continue to show no signs of reversal. The baseline scenario favors consolidation near current levels. Upside potential is limited — a move above $0.0258 could open the way to a quick recovery toward the MA-20 area, while a break below $0.0230 might accelerate losses and push the price toward its yearly lows.

Anton Kharitonov, expert at Traders Union, sees GRT locked in a bearish pattern as it remains beneath all major weekly moving averages. This week, sellers dominated, with the asset losing 3.93% and settling near the lower end of its range. Key indicators such as the MACD and ADX confirm sustained downside momentum, while the RSI and CCI show increasing pressure with oversold risks ahead. The absence of news offers no offset for the negative technical outlook. Kharitonov believes a move above $0.0258 could spark a brief recovery, but odds strongly favor continued consolidation or further weakness. "As long as GRT fails to reclaim the MA-20, I see no reason to expect a sustained rebound this week."

Earlier, analysts noted that The Graph was firmly entrenched in a medium- and long-term downtrend, with sellers maintaining clear control. This week's continued alignment of technical indicators with bearish momentum reinforces that outlook, making a decisive move above the MA-20 a pivotal threshold for any potential recovery in the sessions 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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