The Graph holds steady within recent $0.0170 to $0.0202 range with bearish momentum: weekly analysis

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The graph slips 1.02% this week

Highlights

GRT trades firmly below major moving averages, confirming a sustained bearish trend with downward momentum prevailing.
Technical indicators show negative momentum and persistent seller dominance, though oversold signals suggest potential for a slowing decline.
For the next week, GRT is likely to range between $0.0170 and $0.0202, with a low probability of any significant rebound.

Bearish momentum intensifies as weekly indicators confirm negative bias

On the weekly timeframe, key indicators reinforce the bearish outlook for GRT. The price trades beneath all major weekly moving averages, with the MA-20 acting as immediate dynamic resistance. The RSI has reached 29, signaling oversold levels, while the Commodity Channel Index also reflects oversold conditions. Momentum remains negative, with persistent downtrend signals from both the MACD and ADX, and the Awesome Oscillator supports continued downward movement. Volatility is elevated at 15.95%, and sellers dominate as shown by Bull/Bear Power, while Stochastic RSI stays neutral. Weekly support is found at $0.0170 and resistance is at $0.0202.

Downside risk persists for next week amid weak reversal signals

For the coming 7 days, the outlook remains bearish for GRT, with the most probable scenario being sideways action in the $0.0170 to $0.0202 range. The oversold readings on the weekly chart suggest some likelihood of stabilization, but with none of the four main indicators signaling a buy, a further decline cannot be ruled out. If the price breaks below $0.0170, additional losses may accelerate, while a move above $0.0202 would be required to signal the start of any meaningful recovery. The probability of a significant upside move remains low, below 20% based on current weekly data.

Viktoras Karapetjanc, expert at Traders Union, highlights that GRT continued to face significant selling pressure this week, remaining well below key weekly moving averages. He sees the oversold technical readings as a signal that a stabilization phase could be emerging, especially with volatility still supportive of tactical swing opportunities. Karapetjanc notes that no major reversal signals have appeared yet, but the price may consolidate within the $0.0170 to $0.0202 range in the coming week. With the market structure pointing to a potential bottoming formation, he maintains an optimistic outlook on mid-term opportunities if buyers begin to return. "Despite persistent bearish momentum, I believe the current oversold setup presents an attractive watch for early reversal signals and long-term accumulation opportunities this week."

Earlier, analysts noted that The Graph had shifted to strong bullish momentum, with traders watching for a potential breakout driven by heightened volatility. The current downturn signals a sharp reversal in sentiment, and with key indicators now deep in oversold territory, traders should closely monitor the $0.0170 weekly support for any signs of further breakdown or stabilization.

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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