Upward rally in focus: Can The Graph break above $0.02160605 resistance?

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The Graph up 6.96% today at $0.01797

Highlights

GRT/USD is showing strong intraday upward momentum after a 6.96% price increase to $0.01797 on high volatility.
Technical signals confirm overbought conditions with buyers dominating, though risk of a short-term pullback is elevated.
For the next 2 to 3 days, GRT/USD is expected to consolidate within $0.01737 to $0.01834119, with upward movement more likely than a decline below immediate support.

Bullish momentum builds as overbought signals flag near resistance

On the h1 timeframe, GRT trades above both the MA-20 ($0.01747) and MA-50 ($0.0171814), while remaining below the daily MA-200 at $0.02160605. The Ichimoku Kijun level at $0.01728 serves as immediate support. Momentum readings are strong, with both MACD and ADX indicating Buy signals. RSI stands at 71.38, and both CCI and Stoch RSI highlight overbought conditions. Bull/Bear Power signals buyers in control of intraday action, and the Awesome Oscillator confirms bullish momentum.

Sideways trading forecast as breakout risk remains limited

Over the next 2–3 trading days, the price is expected to consolidate within the $0.01737 to $0.01834119 range. The baseline scenario envisions trading inside this corridor. If GRT breaks above resistance, further gains towards the top of the volatility band are likely. Alternatively, slipping below support at $0.01728 could push the price towards the lower end of the projected range, although downside probability remains very low.

Anton Kharitonov, expert at Traders Union, sees GRT holding above key intraday moving averages and momentum indicators flashing Buy signals. He takes note of overbought conditions and the absence of supportive news for this move. The analyst expects consolidation in the $0.01737 to $0.01834119 range and remains cautious unless resistance is broken. "Until GRT decisively clears the upper boundary, I stay on the defensive and avoid chasing this rally."

Earlier, analysts noted that The Graph was consolidating within a defined range, with technical signals reflecting balanced yet cautious momentum. The current analysis strengthens this outlook, highlighting that the prevailing scenario remains rangebound and that traders should monitor for any decisive move outside the $0.01737 to $0.01834119 corridor as a potential trigger for trend 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.