Latest The Graph (GRT) Price Analysis

Deep Dive

1. Market-Wide Risk-Off Pressure

The entire crypto market cap fell 1.75% in 24h, with Bitcoin down 2.05%. The CMC Fear & Greed Index sits at 10 (“Extreme Fear”), indicating broad risk aversion. GRT, with a beta-like correlation, moved in lockstep as capital flowed out of risk assets.

What it means: GRT’s decline is not an isolated event but part of a defensive macro move impacting most cryptocurrencies.

Watch for: A reversal in overall market sentiment, signaled by the Fear & Greed Index rising above 20.

2. No Clear Secondary Driver

The provided data shows no specific news, partnership, or on-chain catalyst for GRT. Social sentiment data was unavailable, and derivatives metrics were not present for analysis. The altcoin season index is low at 26, showing capital is not rotating into smaller-cap tokens.

What it means: Without a unique catalyst, GRT’s price action is largely reflective of its sector (decentralized data) and broader market flows.

3. Near-term Market Outlook

Technically, GRT trades below all key moving averages (7-day SMA at $0.0278, 30-day SMA at $0.0350), with RSI levels near 34 indicating oversold conditions. The immediate support is the recent swing low of $0.0231.

What it means: The trend remains bearish, but oversold conditions could lead to a short-term bounce or consolidation.

Watch for: Price reaction at the $0.0231 support. A decisive break and close below could trigger another leg down.

Conclusion

Market Outlook: Bearish Pressure GRT is caught in a market-wide downdraft, with weak technicals confirming the sell-off. The lack of a positive catalyst leaves it vulnerable to further macro-driven moves. Key watch: Whether GRT can defend the $0.0231 support level in the next 24-48 hours, as a break could accelerate selling.