GRT drops as downward price move takes hold

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The Graph slides 6.88% today

Highlights

The Graph introduced major infrastructure upgrades with new scaling requirements that take effect on November 17 to enhance network efficiency.
Despite these fundamental improvements, user activity and expectations could shift as the protocol launches during ongoing market selling.
The Graph trades near session lows at $0.01908, with technical indicators showing strong downward momentum and a projected trading range of $0.01772 to $0.01963231 over the next 2 to 3 days.

Network upgrades implemented as fundamentals diverge from market sentiment

The Graph has implemented significant infrastructure upgrades, introducing new scaling requirements that take effect on November 17, according to Cryptonews. These changes are likely aimed at improving network efficiency, which could shift user expectations and modify activity levels on the protocol. However, the rollout has coincided with sustained selling in the broader market, suggesting a disconnect between improving fundamentals and near-term trader sentiment.

Broad technical weakness as multi-timeframe signals reinforce bearish control

On the technical front, GRT is trading below both the MA-20 and MA-50 on the one-hour chart and remains under the MA-200, confirming pressure across all trend horizons. The nearest resistance is set by the Ichimoku Kijun at $0.0199. Momentum indicators continue to favor the bears: MACD and ADX are flashing sell signals. While RSI is positioned in the neutral range, both Stochastic RSI and CCI display oversold readings, signaling possible selling exhaustion but not yet a confirmed reversal. Bull/Bear Power remains negative, underscoring dominance by sellers.

Sideways pattern projected as downside risk outweighs rebound potential

Over the next two to three trading days, GRT is likely to fluctuate within a volatility band spanning $0.01772 to $0.01963231. The baseline scenario points to sideways price action inside this corridor. Although some oscillators are indicating exhaustion, the probability of a meaningful upward move remains very low, while the risk of further declines is high. Only a decisive breakout above immediate resistance would open the door to a bullish reversal, whereas a break below support could extend the ongoing decline.

Anton Kharitonov, expert at Traders Union, considers The Graph's technical setup weak despite recent infrastructure upgrades. He observes persistent selling pressure with GRT unable to break above major moving averages. The analyst notes that fundamentals are being overlooked as trader sentiment remains bearish. "As long as GRT stays below resistance at $0.0199 and the overall momentum is negative, I remain cautious and see little justification for upside exposure here."

Earlier, analysts noted that The Graph was experiencing persistent downward momentum despite oversold technical readings. Current analysis reinforces this view, with ongoing selling pressure suggesting traders should closely monitor for a decisive move above $0.0199 resistance or renewed downside if support near $0.01772 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.