Can The Graph extend gains as volatility fuels price action?

Traders Union
All News
Crypto
The Graph jumps 10.55% today

Highlights

GRT/USD has shown strong momentum on short-term charts but is still under pressure from the long-term trend.
Momentum and trend indicators support a continued upward move, but price closed near the daily low with high volatility.
GRT/USD is projected to trade between $0.01601054 and $0.01834946 over the next 1 to 3 sessions, with a high probability of an up move if support holds.

Momentum mixed as buyers dominate but volatility persists

On the technical front, GRT is trading above the MA-20 and MA-50 levels on the hourly chart, while remaining capped by the MA-200 on the daily timeframe. The Ichimoku Kijun at $0.016685 provides immediate support to price action. Momentum indicators are broadly positive: MACD and ADX are signaling buy, RSI is at 55.77 (Buy), and Bull/Bear Power shows intraday buyer dominance. Stoch RSI is oversold, indicating scope for a rebound, while CCI is neutral and the Awesome Oscillator signals indecision. Intraday price action saw a 0.00211 gap higher, but the session closes near the low amid high volatility, highlighting a mix of profit-taking and potential dip-buying interest.

Bullish breakout favored as volatility band defines outlook

Over the next 1 to 3 trading days, GRT is expected to fluctuate in the $0.01601054 to $0.01834946 range, reflecting the typical volatility band relative to current levels. The probability for a further upward move is very high, while the likelihood of a downtrend is assessed as very low. Sideways action would likely result in continued consolidation within this defined band. A bullish scenario envisions a breakout above resistance and renewed gains, but if support at the Ichimoku Kijun ($0.016685) collapses, a pullback becomes possible.

Anton Kharitonov, expert at Traders Union, notes that The Graph (GRT) holds above key short-term averages and shows broadly positive technical momentum. He sees the asset testing range extremes between $0.01601054 and $0.01834946, with high volatility and both profit-taking and potential dip-buying presenting tactical risks. The analyst is cautious given the lack of fundamental news and the session closing near the low. "Until GRT breaks decisively above daily resistance, I remain defensive and see any failed support at $0.016685 as a clear signal to step aside."

Earlier, analysts noted that The Graph was exhibiting mixed technical momentum, with bullish signals in the short term moderated by persistent longer-term resistance. The latest price action and indicator readings reinforce this balanced outlook, and traders should focus on the response to immediate support at the Ichimoku Kijun as a potential catalyst for the next directional 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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.