The Graph climbs around 15% as bulls test upper range boundaries: weekly analysis

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The Graph up 14.87% this week

Highlights

The Graph is trading at $0.01543, up 14.87% over the past 7 days, remaining in a recovery phase within a broader bearish trend.
Short-term momentum is stretched as indicators register overbought conditions, suggesting limited immediate upside potential without a corrective move.
The price is expected to trade between $0.01266254 and $0.01819745, with key resistance at $0.015605 and support at $0.0143645.

Stretched indicators over the week as momentum trend extends

On the daily chart, momentum character shows a sustained move higher with a firm trend, supported by a 40.26% weekly volatility. RSI is at 68.5104713 and approaching overbought, while CCI is firmly in the overbought zone at 256.46947914, highlighting stretched short-term momentum. The nearest support is at $0.0143645, and immediate resistance is at $0.015605, defined by the Ichimoku Kijun. The overbought momentum alongside a trending structure suggests potential for further upside, but signals caution against chasing strength at current levels.

Sideways bias next week as range top resistance limits gains

For the next 7 days, the expected range is $0.01266254 to $0.01819745, with a 57% probability of an increase and 43% probability of a decrease. The base case is continuation inside this band, with resistance at $0.015605 likely capping immediate advances. A close above this level could open room toward the upper boundary at $0.01819745. Should the price fall below support at $0.0143645, downside risk increases toward the lower boundary at $0.01266254.

Parshwa Turakhiya, analyst, notes that The Graph has delivered a strong 14.87% advance over the past week and continues to trade above its 20-day average, highlighting a recovery mode despite its longer-term bearish structure. He sees firm technical momentum and increased volatility supporting ongoing interest this week, but stresses that overbought indicators suggest the move may be stretched. With key resistance at $0.015605 likely capping gains near-term and support at $0.0143645 defining downside risk, Turakhiya is watching for whether buyers can sustain this higher band or if the rally stalls. The scenario favors capital protection and disciplined profit-taking rather than chasing breakouts this week. "Momentum is strong, but with sentiment stretched and resistance close, I prefer to stay selective and let signals confirm before acting."

Earlier, analysts noted that The Graph was demonstrating persistent bullish momentum despite mixed technical signals. The current analysis expands on this by highlighting that while upside potential remains, traders should monitor the $0.015605 resistance as a decisive level for the next move.

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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