The Graph buyers push higher but momentum looks stretched: weekly analysis

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The Graph rises 19.09% this week

Highlights

The Graph rose 19.09% this week to $0.01966, closing at the top of its weekly trading range.
Short-term momentum is strong with an established uptrend and technical buy signals, but long-term structure remains bearish below the 200-day average.
Next week, price is projected to trade between $0.01756 and $0.02089292 with a strong probability of continued gains unless support at $0.01825 breaks.

Uptrend accelerates as MACD and ADX signal buy with rising volatility

The daily chart reveals an uptrend, highlighted by a sustained move higher with a firm trend and 14.64% volatility over the week. Both the MACD and ADX are in buy mode, confirming strong upward momentum, while the RSI at 61.74187454 is approaching the overbought zone. Immediate support sits at $0.01825, with the next resistance at the 200-day average of $0.02155555. The setup favors continuation higher as long as support holds.

Bullish bias persists into next week as breakout risk centers on resistance

Next week, the expected range is $0.01756 to $0.02089292, with a very high probability of an increase and a very low probability of a decrease. The base case is for price action to continue oscillating within this range. A close above $0.02155555 would open a bullish extension, while a fallback below $0.01825 would shift risk to the downside.

Viktoras Karapetjanc, expert at Traders Union, notes that The Graph (GRT) extended its gains this week, closing around $0.01966 with buyers dominating price action. He emphasizes that the daily chart's strong trend, supported by bullish MACD and ADX signals as well as a robust RSI, points to healthy upward momentum. Immediate support at $0.01825 holds the key for further growth, while the main resistance lies near $0.02155555. Karapetjanc sees a very high probability for GRT to continue rising in the $0.01756 to $0.02089292 range in the coming week, with only limited downside risk as long as support levels remain intact. "The bullish structure remains intact and, unless support fails, the market offers multiple setups for optimistic traders this week."

Earlier, analysts noted that The Graph was consolidating within a defined range with balanced yet cautious momentum. The current breakout above that range marks a significant change in trend, making sustainability of the push above immediate support a critical risk to monitor in the near term.

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

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