The Graph weekly forecast: Oversold indicators raise rebound potential as bears test $0.01879 support

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The Graph slips 9.83% this week

Highlights

The Graph fell 9.83% this week to $0.02046, trading well below all major moving averages and indicating persistent technical weakness.
Momentum indicators such as CCI and Stochastic RSI are in oversold territory, signaling selling pressure may be exhausted but downside risk persists with MACD in sell mode.
Key levels for the week are support at $0.01879 and resistance at $0.02116035, with an expected range of $0.016368 to $0.0227618 and continued bearish momentum likely.

Oversold signals emerge as bearish momentum dominates this week

On the daily chart, the structure remains heavy after a sharp move lower without a sustained trend, as indicated by the 23.15% volatility over the past week. Both CCI and Stochastic RSI are in their oversold zones, suggesting the possibility of selling exhaustion and potential for a short-term rebound, while the MACD remains in sell territory, keeping downside risk prominent. Immediate support is found at $0.01879, with MA-200 at $0.02116035 acting as the nearest resistance, and the Ichimoku Kijun at $0.024295 providing additional overhead pressure. The mix of oversold momentum signals and persistent bearish trend indicators points to a market seeking confirmation of a bottom.

Downside bias remains as momentum signals flag further weakness

In the week ahead, the expected range is $0.016368 to $0.0227618. There is a very low probability of an increase and a very high probability of a decrease, with momentum signals favoring further downside. Base case expectations call for continued trading between $0.01879 support and $0.02116035 resistance. A decisive move above the MA-200 could trigger a retracement higher toward the Kijun at $0.024295. Conversely, a push below $0.01879 would open risk to the lower boundary of the expected range.

Anton Kharitonov, expert at Traders Union, notes that The Graph (GRT) spent the week under pressure, with price holding near $0.020 after a near 10% decline. He believes momentum remains bearish as daily chart signals — CCI and Stochastic RSI — enter oversold territory, showing early signs that sellers may soon exhaust. However, with MACD still in sell mode and the MA-200 at $0.02116035 as active resistance, downside risk is pronounced. Support at $0.01879 is critical, while any clear move above MA-200 could change short-term sentiment. The forecast range is $0.016368 to $0.0227618, with immediate bias toward further weakness. "Unless GRT can reclaim $0.02116035, I remain defensive and expect retests toward $0.01879 or lower this week."

Previously it was reported that The Graph was experiencing sustained bearish momentum amidst persistent technical weakness. The latest analysis reinforces this negative outlook, with traders advised to monitor the $0.01879 support level closely as any sustained breakdown could heighten downside risk in the near term.

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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