Market Overview: The Graph (GRTUSDT) on 2025-08-20

• The Graph (GRTUSDT) formed a bullish engulfing pattern near 0.0887 as price rebounded from 24-hour lows.
• Price retested the 0.0898 resistance twice with mixed momentum, failing to break above on either attempt.
• Volatility expanded midday with a sharp 15-minute move from 0.0897 to 0.0919, reflecting increased buying interest.
• RSI and MACD showed divergence in the afternoon, suggesting potential for consolidation or reversal.
• Volume spiked 1.5x above the 24-hour average during the post-noon rally, confirming intraday bullish momentum.

The Graph (GRTUSDT) opened at 0.0893 on 2025-08-19 at 12:00 ET and closed at 0.0911 on 2025-08-20 at 12:00 ET, hitting a high of 0.0919 and a low of 0.0881 over the 24-hour period. Total volume was 74,888,520 USD, with a notional turnover of 6,758,767 USD.

Structure & Formations

The 15-minute chart showed a significant bullish engulfing pattern forming around 0.0887 in the early hours of 2025-08-20, where price closed higher than the prior candle’s body, indicating a potential reversal from bearish to bullish bias. The 0.0898 level acted as a key resistance, with price bouncing off it twice during the morning. A bearish divergence appeared in the second half of the day as price hit new highs but failed to confirm with higher lows on the RSI and MACD. A possible breakout attempt above 0.0902–0.0913 resistance was negated by a strong bearish candle around 0.0906.

Moving Averages

On the 15-minute timeframe, GRTUSDT traded above its 20 and 50-period moving averages for most of the day, confirming a bullish bias in the intraday trend. However, the 50-period MA began to flatten as price approached the 0.0904–0.0907 cluster, suggesting potential for a pause or reversal. On the daily chart, the 50/100/200 moving averages are aligned in a bullish formation, but the 50 MA is starting to pull away from the 100 MA, hinting at a slowdown in the longer-term momentum.

MACD & RSI

The MACD crossed above the signal line early in the morning, confirming a bullish momentum shift. However, after the 0.0919 high was reached around 15:15 ET, the MACD diverged with the price action—price continued to rise while the MACD flattened, suggesting a potential exhaustion in the short-term uptrend. The RSI peaked at 69 during the midday rally and fell back below 60 by the close, indicating a potential pullback in the near term.

Bollinger Bands

Volatility increased midday with a 15-minute move from 0.0902 to 0.0919, pushing the upper Bollinger Band upward. Price tested the upper band multiple times, suggesting overbought conditions in the intraday context. By late afternoon, price retracted to trade around the 0.0906–0.0907 area, which coincided with the 20-period MA and the middle Bollinger Band. A contraction in the bands may be forming, suggesting a potential breakout attempt in the next 24 hours.

Volume & Turnover

Volume spiked sharply around 14:45–15:30 ET as price moved from 0.0902 to 0.0919, confirming strong buying interest. Total volume for the 24-hour period was 74,888,520 USD, which is 1.5 times the average over the previous 24 hours. Turnover also increased during the afternoon rally, aligning with the price move. No notable divergence between volume and price was observed, supporting the idea that the intraday rally was well-backed by liquidity.

Fibonacci Retracements

Applying Fibonacci to the 0.0881–0.0919 move, key retracement levels include 0.0897 (38.2%), 0.0903 (50%), and 0.0907 (61.8%). Price has shown hesitation at the 50% and 61.8% levels, suggesting they may continue to serve as dynamic support/resistance in the coming hours. A retest of the 61.8% level could trigger a short-term pullback or consolidate the current range.

Looking ahead, GRTUSDT may face renewed testing of the 0.0902–0.0907 resistance cluster. A breakout above this range could lead to a test of the 0.0919 high, while a breakdown could trigger a retest of the 0.0893 support level. Traders should remain cautious, as divergences in momentum indicators suggest that price could consolidate or reverse in the near term.