Price Position and Structural State
The Graph (GRT) closed at 0.02594 USDT on May 29, 2026, down 2.48%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.02329 USDT, with resistance near 0.03034 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
GRT is trading inside a zone of moving-average confluence. MA50 at 0.025611 USDT sits just below price, while MA14 at 0.026022 USDT sits just above. The compression across multiple moving averages signals range contraction rather than trend dominance. The next meaningful read comes from price separating cleanly from this cluster.
Trading Friction and Price Efficiency
GRT shows moderate trading friction, with a 3-day friction score of 38.0. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell -6.16% in one day, showing clear position reduction. OI sits near the middle of its 60-day range, so the move reduces leverage from a normal base rather than clearing an already crowded leverage base.
Funding is positive on the 24-hour average at +0.005764%, with the 7-day average also positive at +0.004260%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.82, sitting near the upper side of its 180-day range at 80.84%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
GRT remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that GRT moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting GRT. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.634 | 1.248 | 0.402 | Strong, high beta |
| 60D | 0.729 | 1.047 | 0.532 | Strong linkage |
| 180D | 0.811 | 0.986 | 0.657 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
GRT is moving more day to day, but participation remains weak. ATR% reads 7.19, close to the bottom of its full historical range, while Bollinger Band width% reads 19.81, close to the bottom of its full historical range. 20-day Volume Z-score is 0.14.
Momentum is mixed. RSI is 48.50, ROC14 is -3.71%, and MACD histogram does not confirm a clean direction. Indicator pressure remains uneven.
The read is incomplete, so support, resistance, and the daily close matter more than the indicator setup.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. GRT stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For GRT, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.03034 USDT establishes a bullish regime, while a daily close below 55-day support at 0.02329 USDT confirms a bearish regime.