The Graph price holds near $0.02269977 support as sellers control short-term trend

Traders Union
All News
Crypto
The Graph drops 9.09% to $0.02471

Highlights

GRT/USD trades below key short- and medium-term moving averages, indicating persistent downward pressure from sellers.
Technical indicators are mixed, with momentum signals split and recent daily losses of 9.09% showing significant volatility.
Expected price range for the next 2 to 3 days is $0.02269977 to $0.02724, with a 53% chance of an upward move and consolidation likely.

Mixed technical signals as mid-term pressure meets longer-term support

On the technical side, GRT/USD is trading below the MA-20 and MA-50 on the h1 chart, reflecting continued short- and medium-term selling pressure. However, the price remains above the MA-200 on the daily timeframe, indicating ongoing longer-term support, while immediate resistance is marked by the Ichimoku Kijun at $0.026255. Among momentum signals, MACD and Stochastic RSI are neutral, whereas ADX indicates a possible trend initiation to the upside. The RSI and CCI both suggest buying opportunities, aligning with near-term oversold conditions, while Bull/Bear Power shows intraday buyer dominance despite notable price volatility.

Bullish bias edges out as volatility band guides near-term outlook

Looking ahead, GRT is expected to consolidate within a typical volatility band of $0.02269977 to $0.02724 over the next 2–3 trading days. There is a slightly higher probability (53%) of an upward move, making sustained declines less likely in the immediate term. If price breaks above the $0.026255 resistance, a bullish extension may follow, while a drop below $0.02269977 could open the way to deeper losses.

Anton Kharitonov, expert at Traders Union, sees near-term technicals suggesting GRT remains under pressure, with negative momentum dominating for now. He notes that the asset's position below key averages on short timeframes is offset by lingering longer-term support. Kharitonov remains cautious despite oversold signals pointing to possible short-term rebounds. "Until $0.026255 is reclaimed, I stay defensive on GRT and prefer to wait for clearer bullish confirmation."

Earlier, analysts noted that The Graph was demonstrating strong bullish technical momentum with buyers in firm control. However, the current market setup indicates a shift toward consolidation following recent declines, making the $0.026255 resistance a critical level for traders to monitor as a potential trigger for renewed upside momentum.

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.