The Graph rally gains traction as short-term trend favors buyers

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The Graph jumps 6.99% today

Highlights

GRT/USD trades above short- and medium-term moving averages but remains below the long-term trend indicator, showing mixed momentum.
Technical signals show strong buyer presence intraday, though overbought momentum indicators signal potential for a short-term pause or retracement.
Forecast range for the next 2 to 3 trading days is $0.01725625 to $0.02026, with a very high probability of an upward move.

Technical momentum strengthens as overbought indicators flag caution

On the technical front, GRT is positioned above the MA-20 and MA-50 on the h1 timeframe, but continues to trade below the long-term MA-200 (daily). Immediate support is marked by the Ichimoku Kijun at $0.01752. MACD signals a buy, while ADX indicates neutral momentum. The RSI stands at 60.7, a buy reading, but both Stoch RSI and CCI are in overbought territory, which may highlight short-term exhaustion. Bull/Bear Power favors buyers during the intraday session, supplemented by confirmation from the Awesome Oscillator.

Volatility risk persists as price faces breakout or consolidation

Looking ahead to the next 2–3 trading days, GRT is projected to trade within a range of $0.01725625 to $0.02026, with volatility expected to remain elevated. A consolidation scenario would see the price holding within this corridor. Should GRT break through resistance, further gains toward the upper end of the range are possible. Conversely, a drop below immediate support could prompt a move toward the lower end of the forecast band, though this is considered very unlikely in the near term.

Anton Kharitonov, analyst at Traders Union, notes that GRT is showing short-term momentum above its key moving averages but still faces longer-term resistance. Technical signals show a mix of modest bullish signs and warnings of potential exhaustion, with overbought levels on several oscillators. He believes that, absent fresh news, the asset is likely to consolidate, with limited upside unless major resistance is cleared. "For now, I remain cautious — the risk of a short-term pullback rises if the price fails to stay above key support levels."

Earlier, analysts noted that The Graph was experiencing sustained downside momentum amid high volatility, with technical signals indicating a strong selling presence. The current technical landscape signals a shift to short-term bullishness, and traders should watch for a potential breakout above $0.02026 as the next significant resistance.

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.