The Graph weekly forecast: Resistance at $0.0289 comes into focus as uptrend holds

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The Graph surges 33.54% this week

Highlights

The Graph trades at $0.02752 after a 33.54% weekly surge, entering a strong bullish configuration.
Technical indicators are overbought with elevated volatility, but key trend signals support ongoing upward price action.
The Graph is projected to trade between $0.02389002 and $0.03114997 this week, with resistance near $0.0289 and support at $0.02241.

Migration mandate boosts adoption optimism as The Graph shifts to full decentralization

According to blockchain.news, GRT will begin shifting all Subgraph Studio traffic to its decentralized network, starting with BNB Smart Chain and Polygon, with the migration planned for October 8, 2026. This step is part of The Graph Foundation’s new mandate to take a more active operating role, and aims to drive usage of the token as decentralized indexing broadens. The Foundation also stressed support for developers and further decentralization as priorities heading into the migration.

Momentum overextends as technicals warn of short-term pullback risk

The daily chart shows a strong trending phase, underpinned by a sustained move higher with a firm trend and seven-day volatility at 31.13%. Momentum is stretched, with the RSI reading 75.13 and CCI at 149.58, both in the overbought zone, suggesting the move may be overextended in the short term. Despite these momentum warnings, MACD and Bull/Bear Power support ongoing bullish activity. The nearest key levels are support at $0.02241 and resistance at $0.0289, with price currently near the upper part of the most recent weekly range.

Uptrend expected to persist unless key support level breaks in the coming week

Over the coming week, The Graph is expected to trade between $0.02389002 and $0.03114997. There is a very high probability of further gains and a very low probability of a pullback. The base case is a continuation within the projected range, maintaining the current uptrend. A bullish scenario would see a breakout above $0.0289, opening room towards the upper boundary of the forecast. If price falls below support at $0.02241, a broader consolidation or reversal could begin.

Parshwa Turakhiya, analyst, notes that The Graph (GRT) delivered a strong 30% rally this week, trading near $0.028 as persistent buyer appetite met a clear uptrend. He points to momentum readings from the daily chart — with RSI at 75.13 and CCI at 149.58 — as suggesting the move is overheated in the short term, but bullish sentiment is being reinforced by the MACD and Bull/Bear Power indicators. Recent plans to shift Subgraph Studio traffic to the decentralized network, as announced by The Graph Foundation, further underpin positive sentiment by boosting confidence in usage and ongoing decentralization. Turakhiya believes any retest of support at $0.02241 could trigger consolidation, while a sustained push above $0.0289 may fuel additional gains toward $0.03114997. "Momentum is stretched, but constructive news flow and trend strength suggest GRT could surprise to the upside if resistance breaks in the coming days."

Earlier, analysts noted that The Graph was maintaining bullish momentum amid ongoing protocol upgrades and increasing buyer activity. With recent technical readings signaling a potentially overextended move, traders should monitor for breakout attempts above resistance or shifts back into consolidation as the protocol migration draws greater attention to GRT in the coming sessions.

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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