The Graph faces resistance at $0.0193 with bullish momentum diverging from HMA signal: weekly analysis

Traders Union
All News
Crypto
The Graph gains 7.53% this week

Highlights

The Graph is trading at $0.01655, up 7.53% over the past 7 days with bullish short-term momentum.
The price remains capped by resistance at $0.0193 and supported at $0.01618, framing a defined trading range.
Indicators register strong upward trend signals, but some divergence persists as trend momentum and volatility remain elevated.

Bullish momentum holds over the week despite HMA divergence

The daily chart shows a sustained move higher with a firm trend, as signaled by strong ADX and Bull/Bear Power readings, while the RSI remains in the neutral zone. Volatility over the past week registered at 19.28%, with price now hovering just above key support at $0.01618 and not far from the Ichimoku Kijun at $0.016145. Resistance sits at $0.0193, defining the upper boundary of the recent range. Momentum signals are generally bullish, but the HMA is in sell mode, pointing to some divergence beneath the surface.

Range-bound outlook expected as support and breakout levels converge

Over the next 7 days, The Graph is expected to trade between $0.01489905 and $0.01820094. The probability of an increase stands at 53%, while the probability of a decrease is 47%. The base case is a continuation of current momentum within this range, with price finding support near $0.01618. A sustained breakout above $0.0193 would turn focus to the upper end of the expected range, while a daily close below $0.01618 would expose the lower boundary.

Viktoras Karapetjanc, expert at Traders Union, believes The Graph demonstrated resilient bullish momentum over the past week, closing above both its 20-day and 50-day moving averages. He sees the overall structure as constructive, with price stability above $0.01618 and momentum signals supporting a positive outlook. While some technical divergence is present, the market offers attractive setups for traders watching for a breakout above $0.0193. Current momentum suggests further growth opportunities as long as key support holds. "This week, I expect The Graph to preserve its bullish bias and continue offering upside prospects within the highlighted range."

Earlier, analysts noted that The Graph had returned to bearish dominance after a period of short-term bullish activity. The latest price action introduces a more balanced outlook, with attention now focused on maintaining support near $0.01618 as the critical threshold for trend validation in the coming week.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.