The Graph technical analysis: $0.02565 support under pressure after network migration news

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The Graph slides 7.55% today

Highlights

The Graph Foundation will migrate query traffic from Subgraph Studio to the main Graph Network, increasing visibility and throughput for its primary protocol.
This operational change centralizes network utilization across BNB Smart Chain and Polygon, providing more transparent and reliable usage metrics.
GRT/USD trades below key moving averages with strong downside momentum, and is projected to stay within $0.02564858 to $0.03113142 over 2 to 3 days, with a 78% chance of further declines.

Protocol migration boosts network transparency amid sustained selling pressure

The Graph Foundation's decision to migrate query traffic from Subgraph Studio to the main Graph Network represents a structural shift in how data and indexing activity are handled, enhancing the primary protocol's visibility and throughput, according to Headtopics. This move, which will also affect BNB Smart Chain and Polygon, is expected to centralize network utilization and may provide a stronger indication of real usage metrics to the ecosystem. The operational update supports a more transparent view of on-chain activity, though price action has remained under broader selling pressure.

Persistent bearish momentum as price hovers below key averages

GRT/USD is positioned below the MA-20 and MA-50 on the H1 timeframe, confirming that short- and medium-term momentum remains negative. The price maintains a hold above the daily MA-200, providing longer-term structural support, while immediate resistance is marked by the Ichimoku Kijun level at $0.02973. Momentum indicators reinforce this setup: MACD signals ongoing downside, while ADX is neutral, indicating a lack of clear trend strength. Both RSI and CCI display oversold conditions, and Stochastic RSI is also deeply oversold, suggesting the pair may be stretched on the downside. Bull/Bear Power and the Awesome Oscillator both point to lingering bearish pressure.

Downside risk dominates outlook under strict resistance cap

Over the coming 2 to 3 trading days, GRT/USD is likely to fluctuate within a typical volatility band of $0.02564858 to $0.03113142. The statistical probability points to a 78% chance of further downward movement and just a 22% chance of an upside reversal in the near term. Any recovery scenario would require a clear break above the $0.02973 resistance level, while further losses could accelerate if the price drops below $0.02565.

Anton Kharitonov, analyst at Traders Union, sees persistent downside in GRT as both technicals and short-term sentiment remain weak. He notes that the migration of query traffic is a constructive long-term step, but has yet to offset immediate selling pressure. Price remains in a bearish range unless $0.02973 is retaken. "Unless bullish momentum returns above key resistance, I expect further weakness in GRT in the near term."

Earlier, analysts noted that The Graph was demonstrating strong bullish momentum but warned that extreme overbought conditions could introduce significant short-term volatility. The latest price action and momentum indicators now signal a reversal of that trend, making the $0.02565 support level a crucial threshold for traders to monitor 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

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.