Market Overview for The Graph (GRTUSD)

• Price consolidates near key support at $0.0908 after failed rally attempt
• Low volume signals limited conviction in price direction
• RSI near midline suggests neutral momentum without overbought/oversold bias
• Bollinger Bands show narrow range trading with low volatility
• Late-day breakout above $0.0934 driven by high-volume buy wall

The Graph (GRTUSD) opened at $0.0908 on 2025-08-27 at 12:00 ET, reached a high of $0.0934, and closed at $0.0934 at 12:00 ET on 2025-08-28. Total volume over 24 hours was 35,711.0, with a notional turnover of $3,282.61. The price formed a consolidative structure before breaking out in the late hours.

Structure & Formations

The candlestick pattern suggests a series of failed attempts to break above $0.0915, with price eventually forming a bullish breakout candle after 14:30 ET. A key support level appears at $0.0908, where the price consolidates for several hours. No definitive reversal patterns (e.g., doji, engulfing) are seen, but the consolidation period appears to build pressure for a breakout.

Moving Averages

Over the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with the price fluctuating just above the 50-period line. This suggests short-term indecision but with a slight bias toward bullish momentum after the breakout. On the daily chart, the 50/100/200-period moving averages appear to be converging, indicating no strong directional bias at the moment.

Backtest Hypothesis

A potential strategy for GRTUSD could involve entering long positions on the breakout above $0.0915, with a stop-loss placed just below $0.0908. The 15-minute timeframe breakout strategy would aim to capitalize on the volume spike and directional momentum observed in the late hours. This approach aligns with the technical indicators and price behavior seen in this 24-hour period.

MACD & RSI

The MACD remained near the zero line throughout the 24-hour window, with no significant divergence from the price. This suggests the market lacked directional momentum until the late afternoon, when the MACD began to show a bullish divergence as price rose above $0.0934. The RSI fluctuated between 50 and 60, indicating neutral to slightly bullish momentum without reaching overbought territory.

Bollinger Bands

The Bollinger Bands showed a period of contraction between $0.0908 and $0.0910, followed by an expansion as the price broke out to $0.0934. The breakout occurred as the price moved from the lower band to near the upper band, suggesting a potential shift in volatility and direction. This volatility expansion may signal the beginning of a new trend phase or a short-lived spike.

Volume & Turnover

Volume was unusually low for most of the 24-hour window, with a spike above 12,000 units after 14:30 ET. This high-volume candle confirmed a breakout above $0.0934 and pushed price to the session high. Notional turnover followed a similar pattern, with a significant increase coinciding with the breakout. No divergence was observed between volume and price action, suggesting the move was genuine and not a false breakout.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.0908 to $0.0934, the key levels appear at $0.0915 (38.2%), $0.0921 (50%), and $0.0928 (61.8%). The price spent time consolidating near the 38.2% level before surging past 50% and reaching close to 61.8%. These levels could serve as potential support/resistance in the near term.