The Graph technical analysis: Rebound underscores bullish short-term momentum

Traders Union
All News
Crypto
The Graph jumps 7.89% to $0.02996

Highlights

GRT/USD remains in a strong bullish trend, trading well above short and medium-term moving averages and near the day high.
Momentum indicators including MACD and ADX confirm ongoing buyer control, though intraday oscillators are overbought and suggest retracement risk.
Price is up 7.89% at $0.02996, with support at $0.027955 and an expected two to three day range of $0.02842606 to $0.03149394.

Bullish momentum with overbought risks at key technical barriers

On the technical front, GRT/USD is trading above the MA-20 and MA-50 on the hourly chart, while maintaining a clear margin above the MA-200 on the daily timeframe. The Ichimoku Kijun serves as immediate support at $0.027955. MACD and ADX both signal robust bullish momentum, with Bull/Bear Power indicating strong buyer control throughout the session. However, RSI and CCI are in overbought territory, and Stoch RSI also points to intraday overbought conditions, suggesting upside may be capped in the short term. The Awesome Oscillator offers additional confirmation of upward bias, supporting the session's buying pressure.

High probability of consolidation as overbought signals build

Looking ahead, the next 2–3 trading days are likely to see GRT/USD fluctuating within a range of $0.02842606 to $0.03149394, with upside probability assessed as very high. The baseline expectation is for price to consolidate between immediate support and recent highs, although a decisive breakout above resistance could prompt retests of the upper forecast boundary. Should the price fall below the Ichimoku Kijun, a swift short-term retracement may develop as overbought conditions resolve.

Anton Kharitonov, expert at Traders Union, sees a technically driven session as The Graph (GRT) maintains strength above all key moving averages. He remains cautious due to clear overbought signals on RSI, CCI, and Stoch RSI, despite robust bullish momentum indicators. Volatility is expected, with consolidation likely between $0.02842606 and $0.03149394 unless support at the Ichimoku Kijun fails. "My base case is a range trade, but any loss of the Kijun level would force me to reassess upward expectations."

Earlier, analysts noted that The Graph was maintaining its upward trend, with technical signals suggesting the potential for ongoing gains. The latest analysis confirms this bullish outlook, though current overbought conditions highlight the importance of monitoring for a breakout or a swift retracement if support at the Ichimoku Kijun fails.

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.