GRT edges higher with MACD showing strong sell signal: weekly forecast

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The Graph rises 6.20% this week

Highlights

GRT maintains a sustained downtrend, trading below its key moving averages and facing strong dynamic resistance overhead.
Momentum indicators signal a bearish environment, though oversold oscillators hint at possible short-term stabilization within current levels.
Price is likely to range between $0.01660 and $0.02140 over the next week, with further declines more probable unless a decisive breakout occurs.

Bearish momentum persists over the week as oversold signals build

Weekly technical signals for GRT are predominantly bearish, with the asset positioned below the MA-20, MA-50, and MA-200, highlighting persistent selling strength. The MACD continues to print a strong sell, and the ADX confirms the prevailing downtrend. Oscillators such as the RSI (30.85) and CCI (-159.48) indicate oversold conditions, while Stochastic RSI points to a possible rebound. Bull/Bear Power remains negative, reinforcing seller dominance, as weekly volatility holds at 12.87%.

Sideways trade likely next week as rally odds remain subdued

Looking ahead to the next 7 days, GRT is expected to trade within a $0.01660 to $0.02140 range, reflecting current volatility levels centered around its price. With none of the major weekly indicators validating a buy signal, there is less than a 20% probability for a sustained rally, implying a baseline scenario of continued sideways price action within this band. Should GRT break above $0.02140, the MA-20 may be tested as dynamic resistance. A move below $0.01660 could accelerate downside momentum, leading to new local lows.

Parshwa Turakhiya, analyst, sees GRT’s rebound this week as a technical relief rather than a clear turnaround. Despite a 6.20% gain, the asset remains trapped below key moving averages and entrenched in a bearish trend. The combination of persistent seller control and oversold oscillators suggests a sideways market is most likely in the coming week, with $0.01660 and $0.02140 setting the boundaries. He believes sentiment is still too weak for a rally, unless GRT can decisively break the upper range. "With no buy signals from major indicators, I see limited opportunity here — this week, I’m watching for confirmation rather than chasing any bounce."

Earlier, analysts noted that The Graph was experiencing persistent bearish momentum with little indication of a near-term reversal. The current analysis reaffirms this outlook, but traders should monitor for any decisive move beyond the $0.02140 resistance or below $0.01660 support, as either could signal a shift in short-term price direction.

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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