The Graph technical analysis: Pullback continues after failed reversal attempt

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The Graph drops 7.26% today

Highlights

GRT/USD trades below all key moving averages in short-, medium-, and long-term timeframes, confirming persistent downside pressure.
Oscillator-based indicators and selling momentum, with stretched oversold conditions, could limit further downside in the immediate term.
Expected trading range for the next 2 to 3 days is $0.0165224 to $0.0189776, with 61% odds favoring an upside move.

Selling dominance extended as multiple signals confirm oversold stretch

GRT trades below the MA-20, MA-50, and MA-200, with persistent downside pressure seen across the short-, medium-, and long-term trend indicators. The immediate resistance is defined by the Ichimoku Kijun at $0.018305. MACD and ADX both indicate selling momentum, while RSI issues a sell signal. Both Stoch RSI and CCI remain in oversold territory, suggesting notably stretched conditions. Bull/Bear Power confirms sellers dominating intraday action, and the Awesome Oscillator reinforces the ongoing downward move.

Sideways consolidation expected as breakout risks remain balanced

Over the next 2–3 trading days, GRT is anticipated to trade between $0.0165224 and $0.0189776, a typical volatility band relative to current levels. The probability for an upward move stands at 61%, with a less likely bearish scenario at 39%. The baseline forecast expects the price to consolidate in a sideways pattern within this range. A bullish scenario would require a break above the Ichimoku resistance, while a bearish extension would see price action dropping below short-term support and entering new lows.

Anton Kharitonov, expert at Traders Union, sees a clear technical downtrend in GRT, with all major indicators pointing to downside momentum. He remains cautious given the absence of supportive news and the asset’s inability to reclaim key moving averages. The current range signals prolonged volatility without a bullish catalyst. "Until GRT breaks above the Ichimoku resistance, I consider the risk of further declines elevated."

Earlier, analysts noted that The Graph displayed short-term bullish momentum but faced lingering downside risks tied to broader bearish trends and overbought conditions. The latest technical setup signals heightened volatility and sustained selling pressure, with any move above the Ichimoku Kijun serving as a potential catalyst for a shift in 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

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.