The Graph declines as seller pressure accelerates downward price move

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The Graph slides 9.3% today

Highlights

GRT/USD fell sharply by 9.3% to $0.02379 and closed near the intraday low as selling pressure dominated.
The asset trades below short- and medium-term moving averages, with technical indicators confirming strong downside momentum and oversold conditions.
Price is expected to fluctuate between $0.02284 and $0.02464865 over the next 2 to 3 days, with a high probability of further downside.

Negative momentum intensifies as technical barriers reinforce bearish tone

On the hourly chart, GRT is trading below the MA-20 ($0.024903) and MA-50 ($0.0256196), while remaining above the MA-200 ($0.021239) on the daily. The Ichimoku Kijun is positioned at $0.02501, creating immediate resistance. Momentum indicators present a decisively negative setup: both MACD and ADX signal strong downside pressure, and RSI at 27.44 flashes an oversold sell signal, which is further confirmed by CCI and Bull/Bear Power readings that highlight continued seller dominance. Stochastic RSI, however, provides a strong buy signal, suggesting possible divergence under extreme oversold conditions, while Awesome Oscillator remains aligned with the prevailing bearish trend. Elevated volatility and GRT’s close near its intraday low reinforce the current negative tone.

Limited upside potential as downside risk dominates short-term range

Over the coming 2 to 3 trading days, GRT is expected to fluctuate within a range of $0.02284 to $0.02464865. The probability of an upward price movement is very low, with downside risk dominating the short-term outlook. Should resistance at $0.02501 be breached decisively, a rebound could unfold, but if support at $0.02284 fails, further selling and fresh lows are likely.

Viktoras Karapetjanc, expert at Traders Union, sees The Graph (GRT) under significant short-term pressure. Technical signals point to continued downside risk, with sellers controlling momentum and no fundamental news to shift sentiment. As long as the price remains below key resistance at $0.02501, the negative outlook persists. However, the oversold RSI might attract opportunistic buyers if volatility spikes. "Despite the current bearish momentum, I believe a rebound is possible from oversold levels if support at $0.02284 holds in the coming sessions."

Earlier, analysts noted that The Graph was under sustained selling pressure but highlighted the potential for a rebound if oversold conditions persisted. The current analysis reinforces this view by showing renewed downside momentum and emphasizes that traders should closely monitor whether support at $0.02284 can hold, as a break below could expose GRT to additional declines.

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.