GRT maintains narrow range as strong resistance at MA-20 caps price action: weekly review

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The Graph rises 0.05% this week

Highlights

GRT trades well below major moving averages, signaling sustained medium- and long-term bearish momentum.
Technical indicators show strong selling pressure, with negative momentum, oversold conditions, and no signs of reversal.
Price is expected to consolidate between $0.01700 and $0.02230 over the next week, with a higher probability of downside.

Firm weekly bearish momentum as oversold signals persist

On the weekly chart, GRT continues to face pronounced negative momentum. The MACD signals a strong sell while the ADX points to persistent bearish strength. Both the RSI and CCI indicate oversold conditions, and Bull/Bear Power remains negative, underlining that sellers are in firm control. Stochastic RSI is neutral, reflecting seller exhaustion but lacking support for a reversal. Weekly volatility registers at 13.93%, with the price consolidating in the middle of its recent range after tests of both range boundaries.

Limited upside next week as bearish signals reduce recovery odds

Looking ahead over the next 7 days, GRT is expected to trade between $0.01700 and $0.02230 in line with current volatility and trend direction. The baseline scenario points to stabilization within this corridor, as the lack of buy signals across four key indicators diminishes the probability of a meaningful upward move (less than 20%). A sustained break above $0.02230 could prompt a bullish scenario, though technicals show weak support for this outcome. A move below the $0.01700 support would likely trigger further downside, consistent with prevailing bearish momentum.

Anton Kharitonov, expert at Traders Union, notes that GRT showed almost no movement this week and continues to trade well below its weekly moving averages. He observes that momentum remains strongly negative, with bearish signals dominating across all major indicators. The asset is still under pronounced medium- and long-term pressure, and no buy signals have emerged. Kharitonov believes that as long as GRT remains below dynamic resistances, any upward move is unlikely to gain traction. He expects price action to stay within the $0.01700–$0.02230 range in the coming week unless a break of support or resistance occurs. "Until GRT reclaims the $0.02230 level and shows clear strength on indicators, I remain skeptical of any sustainable recovery."

Earlier, analysts noted that The Graph displayed a cautiously bullish outlook, buoyed by short-term momentum but tempered by mixed signals and potential volatility. The current bearish momentum and lack of buying signals now suggest traders should closely monitor the $0.01700 support level, as a break below it could accelerate further downside in the coming week.

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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