The Graph is rising today: what traders are watching

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The Graph Surges 11.52% Today

Highlights

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Anton Kharitonov, expert at Traders Union, notes GRT remains under significant technical pressure, trading below all major moving averages and showing bearish momentum. He highlights the absence of supportive news alongside weak fundamental inputs, which further undermines any case for a recovery. Oscillator signals are deeply oversold, but Kharitonov warns these could persist without a reversal as intraday strength lacks broader confirmation. He stresses that the bearish context outweighs the recent price jump, with sellers maintaining control. "With no positive fundamentals or news in play, I see further downside risk — rallies are likely to be short-lived until a structural reversal occurs," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, sees opportunity amid current volatility, emphasizing oversold readings as a potential setup for agile traders. While technical signals point to a downtrend, he believes the lack of negative news flow leaves room for bullish sentiment to return quickly if resistance is taken out. He views today's strong intraday rebound and volatility as signs the market could be forming a foundation. "The bullish structure can reassert itself — a breakout above $0.061 would position GRT for swift recoveries and further growth," Karapetjanc states.

Jainam Mehta, market strategist, observes mixed signals as daily momentum weakens but intraday action shows notable resilience. He notes the wide expected range and sees potential for range-trading strategies, with tactical opportunities arising from volatility spikes. "A potential breakout above the Kijun or a sharp rejection at support could both offer contrarian entries for nimble traders," Mehta suggests.

Intraday rebound diverges from weak daily momentum amid volatility

Momentum on the daily timeframe remains weak, with both MACD and ADX signaling a prevailing downtrend. There are pronounced oversold readings from the RSI (30.8), Stoch RSI, and CCI, all pointing to possible exhaustion among sellers. BBP trends negative, signaling seller dominance over intraday flows, while the Awesome Oscillator offers a neutral stance and does not add confirmation of the prevailing trend. GRT has jumped 11.5% so far today, opening modestly higher with a slight gap and now holding near the upper end of today’s trading range, reflecting high intraday volatility and recent strength toward session highs. There is clear divergence as intraday momentum surges upward despite daily and weekly momentum indicators pointing lower, creating mixed signals between the sharp intraday move and the broader bearish context.

Previously it was reported that The Graph remained under persistent selling pressure, trading well below its key moving averages and struggling to overcome dynamic resistance near the Ichimoku Kijun. The technical landscape continued to reflect strong negative momentum — daily MACD and ADX readings confirm bearish dominance while oversold signals from RSI, Stoch RSI, and CCI point to seller exhaustion, as highlighted by the decline of 10.24% shows no gap in a session marked by high volatility.

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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