GRT Weekly Analysis Feb 3

GRT closed the week with a 2.66% loss while approaching critical support levels under downtrend pressure; oversold signals in RSI indicate accumulation phase potential, but BTC dominance is limiting altcoin rallies. For position traders, the key lies in testing the $0.0267 support and $0.0324 resistance.

GRT in the Weekly Market Summary

GRT is consolidating in a narrow trading range ($0.03-$0.03) at the current $0.03 level, maintaining its primary downtrend structure with a weekly 2.66% decline. Volume profile remains low at $13.80M, and momentum indicators (RSI 30.50) point to the oversold zone. Market structure shows a bearish bias below the short-term EMA20 ($0.03), while in the macro context, BTC’s downtrend is pressuring altcoins. This week, critical thresholds for detailed GRT spot analysis will be decisive; position traders should wait for trend breakouts.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure exhibits a clear downtrend character on higher timeframes (1W/1M). Price remains below EMA20 and EMA50 averages, with the MACD histogram confirming negative momentum. In the market cycle context, GRT has not exited the distribution phase at the end of 2025 and is currently in a correction stage. The trend filter gives a bearish signal, and the higher high/higher low structure is broken; the intact downtrend will not change without a break of the $0.0577 major resistance. For portfolio managers, this structure supports a short bias on monthly horizons, but oversold RSI may signal an inflection point.

Accumulation/Distribution Analysis

Volume profile and price action show accumulation phase characteristics in the $0.0288-$0.0324 range: low-volume tests and wicks reflect smart money’s tendency to gather support. However, flat volume distribution patterns around $0.03 should not be ignored; the cap has been distinctive in recent weeks. According to Wyckoff methodology, we are in the secondary test stage – holding at $0.0267 could give a spring signal. Distribution risk increases with BTC correction; position traders should monitor POC (Point of Control) levels. In GRT futures market data, the long/short ratio imbalance reinforces the bearish bias.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, price is trapped between 2 strong supports ($0.0267, $0.0288) and 3 resistances ($0.0297, $0.0324, $0.0577). RSI at 30.50 is oversold, but no MACD divergence – bearish confluence dominates. Daily EMA20 breakdown is downward, lower highs structure intact. Confluence score is high: 1D support cluster carries reversal potential but requires volume confirmation.

Weekly Chart View

From the weekly perspective, confluence is observed with 2 supports ($0.0267 major) and 1 resistance ($0.0324) plus 1 support from the 3D timeframe. Total 7 strong levels (1D:2S/3R, 3D:1S/0R, 1W:2S/1R) define the market phase as evolving from post-distribution accumulation. Weekly candle is doji-like, showing indecision; Supertrend is bearish, but $0.0267 hold could be a confluence reversal trigger. Long-term traders should evaluate the weekly close relative to EMA50.

Critical Decision Points

Key levels will define direction: Major support $0.0267 (score 77/100) – hold leads to bullish flip; breakdown opens downside to $0.0131 (score 22). Resistances: $0.0324 (71/100), $0.0297 (60/100), $0.0577 (64/100). Inflection point at $0.0288 cluster; volume spike here confirms phase change. Strategic R/R: Upside target $0.0435 (score 6), downside risk $0.0131 – asymmetric setup with bearish bias. Monitor these levels for GRT and other analyses.

Weekly Strategy Recommendation

In Bullish Case

If $0.0267 support holds and $0.0324 breaks, long positions activate with accumulation confirmation. First target $0.0435, trail stop below $0.0288. Risk: 2-3%, reward 40%+; BTC above $77k increases confluence. Position sizing: 5% portfolio, monthly horizon.

In Bearish Case

$0.0267 breakdown is short trigger; target $0.0131, stop above $0.0324. Bearish scenario brings downtrend resumption – R/R 1:3+. Acceleration expected if BTC drops below $74k; consider spot short for hedging.

Bitcoin Correlation

GRT shows high correlation with BTC (0.85%+); BTC downtrend ($75,809, -3.55%) is pressuring altcoins. BTC supports at $74,604 / $72,323 are critical – equivalent to GRT $0.0267. If BTC resistances $77,899 / $82,233 break, GRT relief rally tests $0.0324. BTC Supertrend bearish, rising dominance triggers GRT distribution; altcoin traders should use BTC levels as primary filter.

Conclusion: Key Points for Next Week

To watch next week: $0.0267 support hold/rejection, $0.0324 breakout, BTC $74k test, and volume profile. If trend remains intact, short bias; oversold bounce for confluence reversal. Those awaiting accumulation in the macro cycle should require multi-TF confirmation – position traders stay patient.