Why is GRT’s price down today? (11/02/2026)

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## TLDR
The Graph is down 3.89% to $0.0257 in 24h, closely tracking a broader market sell-off driven by extreme fear and risk-off sentiment. The move is primarily driven by beta-driven weakness amid a declining altcoin environment.

1.  **Primary reason:** Market-wide risk-off move, as GRT's decline nearly matches Bitcoin's 4.38% drop and the total crypto market cap's 3.73% fall.
2.  **Secondary reasons:** Technical breakdown and oversold momentum, with price trading below all key moving averages and RSI indicating oversold conditions.
3.  **Near-term market outlook:** If Bitcoin finds stability and GRT holds above the key swing low of $0.0231, a relief bounce toward $0.0277 (7-day EMA) is possible. A break below $0.0231 risks accelerating the downtrend.

## Deep Dive
### 1. Beta-Driven Market Weakness
GRT's decline is not an isolated event. The entire crypto market cap fell 3.73% to $2.27T, with Bitcoin down 4.38%. GRT's nearly identical drop suggests it is moving in lockstep with the market's dominant beta driver. This is occurring within a context of "Extreme Fear" (Fear & Greed Index at 9) and a falling Altcoin Season Index (down 3.7% in 24h), indicating capital is rotating away from riskier altcoins.

**What it means:** The price action is less about GRT-specific fundamentals and more a reflection of broad, negative sentiment across crypto assets.

**Watch for:** A stabilization in Bitcoin's price, as it is the primary market anchor.

### 2. Technical Breakdown and Oversold Momentum
Technically, GRT is in a weak position. The price is below its 7-day SMA ($0.0274), 30-day SMA ($0.0345), and 200-day SMA ($0.0641), confirming a bearish trend across all timeframes. The RSI-14 reading of 32.77 indicates oversold conditions, which can sometimes precede a short-term bounce but also reflects persistent selling pressure.

**What it means:** The asset lacks any near-term technical support from trend indicators, though oversold RSI levels hint at potential for a exhausted sell-off.

**Watch for:** Whether buying volume increases to confirm any bounce from oversold levels.

### 3. Near-term Market Outlook
The immediate path hinges on two concrete factors: Bitcoin's direction and GRT's ability to defend its recent swing low. The key technical level to watch is the Fibonacci swing low at $0.0231. If selling pressure abates and GRT holds above this level, a retest of the nearest resistance near the 7-day EMA at $0.0277 is the base case. The risk case is a breakdown below $0.0231, which could trigger another leg down toward the $0.0200 psychological zone.

**What it means:** The trend remains bearish, but the asset is searching for a stability floor.

**Watch for:** A daily close below $0.0231 or a reclaim of the $0.0277 level to gauge the next directional move.

## Conclusion
**Market Outlook: Bearish Pressure**
GRT's decline is a symptom of a risk-off move across crypto, exacerbated by its own weak technical structure. For a sustained reversal, it needs both a broader market recovery and evidence of buying interest at current levels.

**Key watch:** Can GRT defend the $0.0231 support level in the next 24-48 hours, or will it break down to new yearly lows?

Latest The Graph (GRT) Price Analysis

Deep Dive

1. Beta-Driven Market Weakness

2. Technical Breakdown and Oversold Momentum

3. Near-term Market Outlook

Conclusion

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