GRT Weekly Analysis Feb 18

GRT is maintaining its downtrend structure with a -3.68% weekly decline while consolidating in a narrow range around $0.03; although RSI at 37 shows momentum weakness, the MACD histogram is giving a positive signal. While the market structure carries accumulation phase potential, Bitcoin’s bearish supertrend makes a cautious approach mandatory for altcoins.

GRT in the Weekly Market Summary

In the big picture, GRT closed the week negative under the pressure of the general crypto market. The price is stuck at the $0.03 level, with the weekly change limited to -3.68%. The volume profile remains low at the $4.72M level, signaling trend fatigue. The primary trend is defined as downtrend, and trading below the short-term EMA20 reinforces the bearish short-term bias. In terms of market cycle, BTC dominance weakening is necessary for an altcoin rally; in the current conjuncture, GRT requires patience for position traders. Check the spot page for detailed GRT spot analysis.

Trend Structure and Market Phases

Long-Term Trend Analysis

In long-term timeframes (1W and above), GRT is maintaining its downtrend structure. The higher high/higher low pattern is broken; recent highs have been rejected around $0.07, and the price has retreated to $0.0261 supports making lower lows. The trend filter is giving a bearish signal, with resistance strong at the $0.03 level. The market structure emphasizes the condition for the downtrend to remain intact: a close above $0.0261. Although the MACD shows a positive histogram, the overall momentum with RSI at 37 is near oversold but lacks confirmation for reversal. This phase carries a signal for potential accumulation transition after distribution, but in the macro cycle, altcoin weakness dominated by BTC leadership prevails.

Accumulation/Distribution Analysis

The volume profile shows low-volume consolidation, carrying accumulation phase characteristics: narrow trading range $0.03 – $0.03, sideways action, and lack of volume spikes. However, no breakout above resistance at $0.0280 (score 79/100) indicates distribution remnants. According to Wyckoff methodology, a spring test may occur at $0.0261; if it holds, accumulation begins, if broken, the markup philosophy is disrupted. The market phase is in transition, with ideal entry points for position traders being patiently awaited support confluences.

Multi-Timeframe Confluence

Daily Chart View

On the daily chart, GRT has a bearish short-term structure below EMA20; RSI at 37 is neutral-bearish, and the MACD histogram shows positive divergence. In the 1D timeframe, there is 3 support/3 resistance confluence: support at $0.0261 (65/100), strong resistance at $0.0280. Price action is indecisive with doji-like candles; the breakout direction will determine the weekly trend. Check the futures analysis for GRT futures market data.

Weekly Chart View

On the weekly chart, the downtrend is intact, with price rejected at $0.03 resistance. In 1W, confluence is high with 2S/3R levels: major support in the $0.0226-0.0247 range, resistance at $0.0295-0.0700. The trend structure is bearish with lower highs; however, declining volume carries reversal potential. Multi-TF confluence of 9 strong levels (1D:3S/3R, 3D:1S/1R, 1W:2S/3R) emphasizes critical inflection points.

Critical Decision Points

Key levels that will determine the direction: Support confluence at $0.0261 (65/100), $0.0247 (60/100), $0.0226 (62/100) – a breakdown here brings downtrend acceleration. Resistance: $0.0280 (79/100), $0.0295 (68/100), distant $0.0700 (61/100). Inflection point at $0.03 pivot; weekly close above gives bullish bias, below bearish continuation. Upside objective $0.0407 (30 score), downside risk $0.0096 (22 score); R/R ratio favorable for strategic entries if support holds.

Weekly Strategy Recommendation

In Bullish Case

Bullish scenario: long position on $0.0280 breakout and $0.0295 confirmation; target $0.0407, stop-loss below $0.0261. If the trend structure remains intact with a higher low, accumulation markup begins. BTC above 68k is supportive; position size with 2-3% risk, trailing stop to EMA20.

In Bearish Case

Bearish scenario: short on $0.0261 breakdown; target $0.0226-0.0096, stop above $0.0280. Downtrend continuation likely, distribution phase deepens. BTC breakdown below 65k triggers it; hedge with BTC long comparison recommended.

Bitcoin Correlation

BTC in downtrend at 66.4k, -1.58% over 24h pressuring altcoins; supertrend bearish, dominance rising. GRT is highly correlated to BTC (typical altcoin); if BTC supports at 65.4k/62.8k fail, GRT $0.0261 test accelerates. Watch levels: BTC resistance breakout at 68k brings relief to GRT, 60k breakdown signals end of alt season. Position traders prioritize BTC leadership, GRT independent movement limited. General market view for GRT and other analyses.

Conclusion: Key Points for Next Week

To watch next week: $0.0261 support test and $0.0280 resistance challenge; BTC $65.4k-68k range breakout. Volume spike and RSI divergence confirmation as reversal clues. Strategic patience: no aggressive longs without downtrend break, support hold offers accumulation opportunity. Market phase in transition, position traders stay R/R focused.