Dmytro Kharkov

Why is The Graph up today? Resistance levels in focus

Why is The Graph up today? Resistance levels in focus
The Graph jumps 14.62% today

The Graph (GRT) is trading at $0.02673, up 14.62% on the day, following a strong upward move. The price holds above its key moving averages, reflecting positive short, medium, and long-term momentum.

GRT price prediction
24H -3.39%
$0.022965
48H -3.51%
$0.022935
7D -11.97%
$0.020925
1M 17.48%
$0.027925
3M -18.23%
$0.0194364
6M -48.89%
$0.01214987
12M -44.83%
$0.0131136
Current price: $0.02377 0.00035 1.49%
Real-time Data 23:10
Daily range 0.02345 Arrow from to Icon 0.0242
Weekly range 0.02267000 Arrow from to Icon 0.02713000
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Highlights

  • Price trades above short, medium, and long-term moving averages, confirming strong bullish momentum across all timeframes.
  • Momentum and trend indicators confirm buyer dominance, with overbought readings across multiple oscillators and no signals countering the move.
  • Price surged 14.62% to $0.02673 and is expected to trade between $0.02491655 to $0.02854345 in the next 2 to 3 days.

Overbought signals intensify as buyers dominate technical landscape

On the technical front, GRT is trading above the MA-20 and MA-50 on the hourly timeframe, as well as above the MA-200 on the daily chart. Ichimoku Kijun at $0.024955 is acting as immediate support. Momentum indicators remain strong, with MACD and ADX both on buy signals. RSI, Stoch RSI, and CCI are all indicating overbought conditions, highlighting persistent buyer dominance. Bull/Bear Power also points to buyers controlling intraday momentum, while the Awesome Oscillator is currently neutral.

The Graph asset chart
The Graph price dynamics. Source: TradingView.

Upside outlook prevails as price volatility remains low

Over the next 2–3 trading days, the expected price range for GRT is $0.02491655 to $0.02854345. The likelihood of further upside in this window is very high, while the risk of a downside move is considered very low. The baseline scenario anticipates price consolidation within this range. In a bullish scenario, a breakout above resistance could extend gains further, whereas a bearish scenario would see price fall below immediate support and trigger short-term weakness.

Anton Kharitonov, expert at Traders Union, sees The Graph (GRT) maintaining strong technical momentum after its 14.62% intraday gain. He notes that buyer dominance is clear but emphasizes overbought conditions and a lack of concrete news drivers. Kharitonov remains cautious, expecting price consolidation between $0.02491655 and $0.02854345 in the near term. "Without clear fundamental catalysts, I will stay defensive and wait for more reliable signals before considering new entries."

Earlier, analysts noted that The Graph was exhibiting strong bullish technical momentum, with buyers firmly in control across multiple timeframes. The current outlook reinforces this theme, with a high probability of further upside and an actionable range of $0.02491655 to $0.02854345 to monitor in the coming sessions.

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.