The Graph drops almost 11% after persistent bearish technical signals emerge

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The graph drops 10.76% today

Highlights

GRT/USD remains below key moving averages with persistent negative momentum across short-, medium-, and long-term trends.
Momentum indicators and oscillators read strongly bearish or oversold, with sellers dominating intraday action and volatility at 8.46%.
GRT/USD is projected to trade between $0.01772 and $0.021355 over five days, with over 80% probability of downside or prolonged sideways action.

Anton Kharitonov, expert at Traders Union, identifies sustained technical weakness driving the 10.76% drop in The Graph (GRT). He notes persistent bearish momentum, reinforced by price action below all major moving averages and strong sell signals across indicators. Kharitonov finds the absence of fundamental or news catalysts troubling for bulls and sees support at $0.01879 as vulnerable. He remains skeptical about any immediate recovery, warning that short-term downside risk remains elevated. "Until clear reversal signals appear, I would avoid aggressive long positions in this environment," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, emphasizes that the bullish structure remains intact given the favorable MA-50 vs MA-200 alignment. He views the current volatility and oversold indications as an emerging opportunity. Medium-term momentum may invite renewed inflows if support at $0.01772 holds. Despite the lack of positive news, he sees further growth potential for GRT. "I expect multiple setups for buyers as the price consolidates in this zone," Karapetjanc affirms.

Jainam Mehta, market strategist, observes a pronounced bearish bias but notes the approach to key support at $0.01772. Mehta highlights that volatility above 8% could offer contrarian trading opportunities, especially if a technical rebound emerges off oversold levels. Without any fresh market-moving news, he remains scenario-driven. "If the price breaks and holds above $0.021355, I would look for tactical long setups," Mehta advises.

Downward bias persists as bearish indicators override medium-term structure

GRT/USD remains pressured below its 20-day ($0.02426), 50-day ($0.0245654), and 200-day ($0.02120465) moving averages, signaling negative momentum across short-, medium-, and long-term trends. The nearest resistance is at $0.02023, with support located at $0.01879. The medium-term structure is still bullish due to the MA-50 vs MA-200 alignment. Momentum indicators highlight strong bearish pressure: MACD and Average Directional Index (ADX) both signal a sell. The Relative Strength Index (RSI) stands at 37, nearing oversold, while the Commodity Channel Index (CCI) and Stochastic RSI both confirm oversold conditions. Bull/Bear Power (BBP) is negative, indicating sellers dominate intraday action, and the Awesome Oscillator also supports the bearish trend. The price has fallen to $0.01966, down 10.76% today after a downside gap of roughly 7.94%. Price is currently mid-range, intraday volatility stands at 8.46%. The intraday tone is weak, with persistent selling pressure since the open, matching the momentum signals.

Previously it was reported that The Graph (GRT) was facing ongoing bearish momentum, with technical indicators suggesting sustained downside risk. The current analysis reinforces this negative outlook, emphasizing that traders should closely watch for a potential downside break below $0.01772 as the next key risk event.

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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