The Graph extends losses as RSI nears oversold conditions: weekly forecast

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The Graph slips 20.87% this week

Highlights

GRT trades well below key moving averages, confirming sustained medium- and long-term downward momentum.
Bearish signals dominate with decisive negative momentum, widespread oversold oscillator readings, and a 20.87% weekly decline.
Price is expected to range between $0.0192 and $0.0246 next week, with downside risk favored and rebound probability below 20%.

Deepening bearish momentum as indicators confirm GRT’s oversold condition

Technically, GRT's W1 trend is decisively bearish. The price remains under all major moving averages, with the MA-20 acting as the nearest dynamic resistance. Momentum signals on the weekly chart are overwhelmingly negative: the MACD and ADX indicate a strengthening downtrend, while the RSI is approaching oversold. The Stochastic RSI delivers a strong sell signal, and the CCI confirms deep oversold territory, with only minor support from Bull/Bear Power. Volatility is high at 40.64%, reflecting the sharp recent move and confirming widespread selling momentum.

Sideways bias with further downside risk amid weak rebound signals

For the next 7 days, GRT is likely to oscillate sideways between $0.0192 and $0.0246, reflecting possible oversold bounce attempts but with an overall bias to the downside. There is less than a 20% chance of a short-term rebound, as none of the key weekly indicators signal a buy. A move above $0.0246 could trigger a corrective rally toward the MA-20, but strong bullish momentum is lacking. Conversely, failure to hold $0.0192 may invite further lows, confirming persistent selling pressure on the weekly timeframe.

Anton Kharitonov, expert at Traders Union, believes GRT showed persistent technical weakness this week. The token closed well below its key weekly moving averages, reinforcing a strong bearish trend. Negative momentum readings remain dominant, with no major indicators supporting any recovery. High volatility and deep oversold signals paint a defensive picture, and there were no news events to inspire sentiment. Kharitonov sees little chance of a meaningful rebound, with the baseline expectation being sideways movement between $0.0192 and $0.0246. "As long as GRT remains below the MA-20, I remain cautious and see no clear sign of upside reversal for the coming week."

Earlier, analysts noted that The Graph was experiencing sustained bearish momentum and faced ongoing consolidation risks. Fresh weekly data now reinforces this negative outlook, highlighting the importance of monitoring for a decisive move below $0.0192, which could signal further downside beyond short-term volatility.

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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