GRT under pressure amid persistent weakness relative to major moving averages: weekly analysis

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The Graph slips 4.19% this week

Highlights

GRT remains under sustained bearish pressure, trading below key moving averages with seller momentum dominating the medium- and long-term trends.
Momentum indicators, including MACD and ADX, confirm an ongoing negative bias, while oscillators show no strong oversold signal and only mildly positive buyer activity.
Projected range for GRT is $0.0254 to $0.0279 over the next week, with downside risk heightened if price breaks below current support.

Persistent bearish signals over the week as momentum indicators weaken

Weekly technicals for GRT continue to signal bearish momentum: the MACD flashes a 'Strong Sell', ADX posts 'Sell', and RSI indicates 'Sell' as well, with CCI holding neutral. The Stochastic RSI, however, is overbought, suggesting a possible near-term pullback, but the Awesome Oscillator remains neutral and Bull/Bear Power is only slightly positive. Price action remains anchored near key support, with volatility at 14.38%, and the trend shows persistent weakness relative to all major weekly moving averages.

Rangebound outlook for next week amid persistent downside risks

Over the next 7 days, GRT is likely to remain rangebound, with projected trading between $0.0254 and $0.0279, following the observed weekly trend and volatility. A low probability (less than 20%) exists for an upside breakout, as weekly indicators collectively point to continued downward momentum. If the price manages a bullish reversal above $0.0279, gains will likely face resistance at the MA-20; otherwise, a break below $0.0254 opens a path toward further declines on ongoing selling pressure.

Jainam Mehta, market strategist, sees GRT’s technical structure remain clearly bearish this week, with price holding below all major weekly moving averages and momentum showing no signs of reversal. He notes that weekly indicators — MACD, ADX, and RSI — stay negative, while the Stochastic RSI’s overbought read could invite near-term volatility but does not yet signal a trend change. Rangebound movement between $0.0254 and $0.0279 is expected unless price reclaims the MA-20. "Unless we see a decisive move above $0.0279, I expect consolidation to persist, with sellers still setting the tone."

Earlier, analysts noted that The Graph remained in a broader bearish trend despite intermittent periods of short-term bullish momentum. The latest weekly technicals reinforce this view, underscoring persistent downside risk and making defense of the $0.0254 support level crucial for traders monitoring potential further declines.

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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