Oversold RSI readings underline persistent bearish control for The Graph as support comes into focus after a stretched decline: weekly forecast

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The Graph drops 8.32% this week

Highlights

The Graph traded at $0.01343, falling 8.32% for the week and ending at the lower end of its recent range.
Price remains below key moving averages in a firmly bearish trend, confirmed by oversold signals from momentum indicators.
Expected range next week is $0.01233 to $0.0142343, with strong downside risk below $0.01321 and resistance at $0.0143845.

Persistent bearish signals as volatility and oversold readings intensify

The daily chart shows a sustained move lower with a firm trend, supported by high seven-day volatility at 11.51%. Both the RSI and CCI are registering oversold readings, with the RSI at 26.08, highlighting heavy downside pressure, while MACD continues to point to a strong sell. Nearest support sits at $0.01321, with resistance at $0.0143845, and the Ichimoku Kijun at $0.01509 adds an additional barrier overhead. The overall setup suggests persistent bearish sentiment, with little evidence of buyers stepping in despite short-term oversold conditions.

Bearish outlook next week as range risk favors further downside

Next week, the expected range lies between $0.01233 and $0.0142343. There is a very high probability of a decrease and a very low probability of an increase. The base case sees price contained within the range as prevailing bearish pressures persist. A close above $0.0143845 would bring a test of higher resistance into play, while a fall below $0.01321 would likely trigger further downside toward the lower end of the projected range.

Viktoras Karapetjanc, expert at Traders Union, sees The Graph maintaining a bearish momentum over the past week with an 8.32% drop, as sellers dominated the action. He notes the firmly negative structure and ongoing downside pressure reflected in oversold readings. Despite clear bearish sentiment, Karapetjanc believes volatility and the approach of support create opportunities for tactical positioning in the coming week. He remains optimistic that any consolidation or bounce above $0.0143845 could activate a bullish scenario. "While sellers are in control, I see this oversold setup as a potential springboard for buyers if support holds—watch for a shift in sentiment if we move above resistance."

In a recent review, analysts highlighted The Graph's entrenched bearish trend and the risk of continued pressure from sellers. Fresh downside acceleration in the current period reinforces this negative outlook, making the $0.01321 support level essential to monitor for 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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