The Graph weekly forecast: Sellers keep pressure as price approaches key support at $0.01556

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The Graph falls 12.05% this week

Highlights

The Graph fell 12.05% over the past week to $0.01654, trading well below major moving averages and confirming a bearish trend.
Momentum and trend indicators remain firmly negative while price action shows strong downside, with all key technical signals indicating continued pressure.
Expected seven-day range is $0.013232 to $0.01834969, with key support at $0.01556 and resistance at $0.01898.

Bearish momentum persists as multiple indicators flash oversold this week

Daily price action remains defined by a sustained move lower with a firm trend, as volatility over the past week measured a sharp 21.98%. The RSI, CCI, and Stochastic RSI are all in oversold territory, suggesting a possible exhaustion in selling and highlighting the potential for a technical rebound. Still, MACD, ADX, and HMA all remain aligned with downside momentum, reinforcing the negative trend. Key support rests at $0.01556, while resistance stands at $0.01898, with the Ichimoku Kijun at $0.02121 acting as a further resistance level.

Bearish bias holds with downside risk unless resistance breaks in coming week

Over the next 7 days, the expected range for The Graph is $0.013232 to $0.01834969. There is a very low probability of an increase and a very high probability of a decrease. The base case sees continued bearish momentum holding price below resistance at $0.01898 and challenging support near $0.01556. Breaking above $0.01898 would open scope for a corrective bounce, while a move beneath $0.01556 signals risk of further downside toward the $0.013232 level.

Jainam Mehta, market strategist, notes that The Graph (GRT) spent the past week under steady selling pressure, falling over 12% to trade near $0.0165. He highlights daily technicals with oversold RSI, CCI, and Stochastic RSI, suggesting selling exhaustion is nearing, yet downside momentum persists as reflected in MACD, ADX, and HMA. The key tactical levels to watch are support at $0.01556 and resistance at $0.01898, with Ichimoku Kijun at $0.02121 providing a higher resistance band. "Given the strong bearish trend but oversold signals, I am watching for a possible technical rebound; however, unless GRT breaks above $0.01898, risks remain skewed to the downside this week."

Earlier, analysts noted that The Graph was experiencing persistent downside momentum and limited prospects for a near-term reversal. This latest analysis reinforces the prevailing bearish bias, highlighting $0.01556 as a pivotal support level that traders should monitor closely for signs of either stabilization or accelerated decline.

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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