Market Overview: The Graph (GRTUSDT) — 24-Hour Summary

• The Graph (GRTUSDT) fell from $0.0974 to $0.0899 over 24 hours, closing at $0.0903 near key support.
• A bearish engulfing pattern emerged at the high of $0.0974, signaling potential momentum exhaustion.
• RSI approached oversold territory, hinting at possible short-term buying interest.
• Volatility expanded in the early session, with a 15-minute volume spike of 9.8 million.
• Price retested the 20-period Bollinger Band lower boundary multiple times after 07:00 ET.

The Graph (GRTUSDT) opened at $0.0934 on 2025-08-24 12:00 ET and closed at $0.0903 at 2025-08-25 12:00 ET. Intraday highs reached $0.0974, while lows hit $0.0890. Total 24-hour trading volume was 70.2 million, with a notional turnover of $6.3 million.

Structure & Formations

Price action formed a distinct bearish reversal pattern at the $0.0974 level, with a long upper wick and bearish engulfing body. A doji formed near $0.0924, suggesting indecision and potential support. On the 15-minute chart, price retested the $0.0903–$0.0899 range multiple times, with the area forming as a possible short-term floor.

Moving Averages

On the 15-minute chart, the 20-period SMA moved below the 50-period SMA during the downward phase, confirming bearish momentum. On the daily chart, the 50-period SMA sits above the 200-period SMA, indicating a longer-term bullish bias that has yet to be reasserted.

MACD & RSI

The MACD crossed below the signal line at the peak of the move, confirming bearish momentum. RSI dropped into oversold territory below 30, suggesting potential for a short-term rebound or consolidation. Divergence between price and RSI appears limited, with RSI broadly tracking the price lows.

Bollinger Bands

Volatility expanded after the large-volume bearish candle at $0.0974. Price spent significant time near the 20-period Bollinger Band lower boundary from 07:00 to 16:00 ET. A minor contraction occurred pre-07:00, suggesting consolidation before the large break.

Volume & Turnover

A massive 15-minute volume spike of 9.8 million occurred at 19:45 ET, driving price down from $0.0971 to $0.0951. However, subsequent volume was lower despite continued price declines, signaling weakening momentum. Turnover and price movements aligned through most of the session, though the final leg down from $0.096 to $0.0899 saw relatively muted volume.

Fibonacci Retracements

Price fell below the 61.8% retracement level of the earlier $0.0934–$0.0974 move, reaching as low as $0.0899. The 38.2% level of this retracement is at $0.0925, where a potential bounce may be expected. On the daily chart, the 61.8% level from the recent high remains at $0.0950.

The price may retest the $0.0903–$0.0899 support range before attempting a short-term rebound, but the path of least resistance remains to the downside for now. Investors should watch for a breakout above $0.0925 for a potential reversal signal. As always, volatility and market sentiment remain key risks for the next 24 hours.