Market Overview for The Graph (GRTUSDT) on 2025-08-23

• The Graph (GRTUSDT) traded in a tight range near 0.0945–0.0978, with a bearish close near the day's low.
• A bearish engulfing pattern emerged after the 0.0978 high, suggesting a possible short-term reversal.
• Volume increased during the early hours but tailed off in the final 6–8 hours, signaling fading momentum.
• RSI approached overbought territory briefly before retreating, indicating a potential pullback may be underway.
• Price tested the 0.0944 support twice, consolidating within Bollinger Bands without a breakout.

Market Overview

The Graph (GRTUSDT) opened at 0.0950 on 2025-08-22 at 12:00 ET, reached a high of 0.0982, and closed at 0.0945 by 12:00 ET on 2025-08-23. Total volume for the 24-hour period was 122,149,680.0, with a notional turnover of $11,633,340.96, calculated using average prices.

Structure & Formations

Price action showed a clear bearish reversal pattern following a strong upward thrust into 0.0982. A bearish engulfing pattern appeared around 17:45 ET, with the candle body closing significantly below the open. A potential support level appears to be forming near 0.0944, where the price bounced twice in the latter part of the day. A doji formed near 00:00 ET, suggesting indecision and a possible continuation of consolidation.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, signaling bearish momentum. On the daily chart, the 50-period moving average remains above the 100- and 200-period lines, indicating a mixed sentiment between short-term bearishness and long-term neutrality.

MACD & RSI

The MACD line crossed into negative territory during the afternoon hours, confirming bearish momentum. RSI rose to 62, a near-overbought level, before falling sharply below 50, suggesting a probable pullback. The divergence between rising price and declining RSI during the afternoon session suggests weakening bullish conviction.

Bollinger Bands

Price remained within the Bollinger Band range for most of the day, with volatility slightly expanding in the early hours. A contraction in the band width was observed overnight, which could precede a breakout or breakdown. The closing candle near the lower band suggests potential for a rebound or a continuation of the downtrend if volume picks up again.

Volume & Turnover

Volume peaked in the early hours around 17:30–18:30 ET, reaching over 2.8 million, but dropped significantly by the final hours. Turnover mirrored this pattern, with a peak in the early evening and a tailing off near the end of the period. A divergence between price and volume occurred during the final 6–8 hours, where price continued to decline despite falling volume, suggesting the move may lack follow-through.

Fibonacci Retracements

On the 15-minute chart, key retracement levels at 38.2% (~0.0966) and 61.8% (~0.0949) were clearly visible and tested during the day. Price found support near 0.0944, just above the 61.8% level, but failed to break through the 0.0966 resistance in the final hours.

Over the next 24 hours, The Graph could either consolidate further within the 0.0944–0.0978 range or break out decisively lower if volume returns to early-day levels. A break below 0.0944 would suggest deeper bearish momentum, but investors should remain cautious due to the lack of strong confirmation for a sustained move.