Grab Holdings Extends Losses to 9.6% as Bearish Signals Intensify Below Key Support

Crab Holdings (GRAB) declined 1.84% in the most recent session, marking its third consecutive day of losses with a cumulative 9.60% drop. This extended downturn signals heightened bearish pressure, necessitating a multi-indicator technical assessment to gauge forward prospects.
Candlestick Theory
Recent sessions exhibit a pronounced bearish trajectory. The 7.56% down candle on July 31 featured a long real body with minimal wicks, confirming aggressive selling. This was followed by another bearish candle on August 1, closing near its low ($4.73–$4.90 range). Key resistance now crystallizes at $5.00–$5.10 (psychological barrier and July 31 high), while support is established at $4.73 (August 1 low). A decisive breach below $4.73 may trigger further downside toward $4.50, where congestion emerges from April–June basing activity.
Moving Average Theory
Price currently trades below all key moving averages, reflecting entrenched bearish momentum. The 50-day MA (~$5.10) and 100-day MA (~$4.95) slope downward, reinforcing resistance. The 200-day MA (~$4.60) provides distant support, but its static trajectory indicates absent long-term directional bias. The sustained sub-50/100/200-day MA configuration signals distribution, with any recovery requiring reconquest of the $5.00–$5.10 confluence zone.
MACD & KDJ Indicators
The MACD histogram remains in negative territory, with the signal line above the MACD line, sustaining bearish momentum divergence. Meanwhile, the KDJ oscillator (particularly %K and %D) has entered oversold territory (<20) but lacks a bullish crossover. This divergence warns against premature reversal expectations, as oversold thresholds can persist in strong downtrends. KDJ’s failure to bottom despite sharp price declines suggests underlying selling pressure.
Bollinger Bands
Bandwidth expansion coincided with the July 31 breakdown, signaling volatility surge and directional conviction. Price now hugs the lower band ($4.70–$4.75), typically a bearish continuation signal when trending downward. No contraction is evident to signal volatility exhaustion. A close below the lower band, sustained for >2 sessions, may foreshadow an accelerated decline toward $4.50.
Volume-Price Relationship
Recent distribution validates bearish momentum. The July 31 sell-off registered an 80.3M volume spike—more than double the 30-day average—confirming institutional participation in the downside. Follow-through volume on August 1 (39.7M) exceeded recent norms, underscoring continued conviction. Declines on rising volume lack bullish counteraction, suggesting sustainability.
Relative Strength Index (RSI)
The 14-day RSI reads 26.5, deep in oversold territory. While historically such extremes preceded reversals (e.g., mid-June 2024 bounce), current conditions lack bullish divergence. RSI’s warning must be contextualized with trend strength; oversold readings in established downtrends often persist. Recovery above 30 is necessary to signal short-term exhaustion.
Fibonacci Retracement
Using the 2024–2025 uptrend (swing low: $3.08 on August 15, 2024; swing high: $5.72 on November 21, 2024), current price tests the 38.2% retracement ($4.73). This level aligns with August 1’s intraday low, forming a technical and psychological support cluster. A breakdown here targets the 50% level ($4.42). The 23.6% level ($5.11) reinforces resistance near the psychological $5.00 barrier.
Confluence & Divergence
Critical confluence exists at $4.70–$4.75, combining Bollinger’s lower band, Fibonacci 38.2% support, and the July–June consolidation base. A breakdown here would align MACD/KDJ continuation signals and volume distribution, opening $4.42–$4.50 (50% Fibonacci, 200-day MA). Notable divergence emerges in RSI’s oversold signal against MACD/KDJ’s bearish momentum—this cautions that oversold alone is insufficient for reversal confirmation. Probabilistically, the confluence of resistance near $5.00, volume-backed distribution, and absence of reversal patterns favors extending downside toward $4.50 before stabilization potential.