Latest The Graph (GRT) Price Analysis

Deep Dive

1. Market-Wide Risk-Off Sentiment

Overview: The entire crypto market cap fell 1.89% in 24h, with the CMC Fear & Greed Index deep in "Extreme Fear" at 11. GRT, as a mid-cap altcoin, exhibited higher beta, falling more than twice as much as Bitcoin (-1.86%). What it means: The move appears driven by macro risk aversion rather than a GRT-specific catalyst, highlighting its sensitivity to broader market flows.

2. Technical Breakdown Confirms Downtrend

Overview: GRT's price is trading below all its key moving averages (7-day, 30-day, and 200-day), with the 7-day Simple Moving Average at $0.0277 acting as immediate resistance. The RSI reading near 38 indicates oversold conditions but does not yet signal a reversal. What it means: The technical structure confirms bearish momentum, with the break below the pivot point near $0.0271 reinforcing selling pressure.

3. Near-term Market Outlook

Overview: With no immediate catalyst in sight, price action will likely be dictated by broader market sentiment and technical levels. Holding above the $0.026 support is crucial to avoid a deeper drop toward the yearly low. A reversal would require a sustained move back above the 7-day SMA near $0.0277. What it means: The near-term bias remains bearish until key resistance levels are reclaimed. Watch for: Bitcoin's price action, as a break below its local support could trigger another leg down for altcoins like GRT.

Conclusion

Market Outlook: Bearish Pressure The drop is a combination of GRT's high beta to a fearful market and its breakdown from key technical levels. Key watch: Whether buying volume emerges to defend the $0.026 support level, or if continued market weakness pushes GRT toward new yearly lows.