GRT Weekly Analysis Jan 28

GRT closed the week with a modest 0.64% gain within the dominant downtrend but is showing consolidation stuck around the $0.04 level; Bitcoin’s bearish supertrend signal is creating extra pressure on altcoins, and testing of critical supports is likely.

Weekly Market Summary for GRT

GRT spent the last week in a narrow range around the $0.04 price level ($0.04 – $0.04) and recorded a modest weekly gain of 0.64%. The volume profile remains low at the $7.45M level, signaling that market participants are cautiously seeking direction. The primary trend is still downward; RSI at 41.67 is in the neutral-bearish zone, MACD shows a negative histogram, and the price is trading below EMA20 ($0.04). For more detailed spot data, you can check the Detailed GRT Spot Analysis page. In the macro context, there is no significant news flow, but Bitcoin dominance and general altcoin pressure are dominating the trend structure. The market structure carries potential for a shift to accumulation phase, but downtrend filters remain dominant.

Trend Structure and Market Phases

Long-Term Trend Analysis

On long-term charts, GRT has been trending downward clearly since the 2025 highs. On higher timeframes (weekly and monthly), the lower high/lower low structure is intact; the price remains below EMA50 and EMA200. Trend filters are giving bearish signals, and the market structure shows approach to the lower band of the down channel. This structure resembles the distribution phases of the 2021-2022 cycle, but decreasing volume may signal exhaustion. The trend’s persistence will be questionable as long as the $0.0354 support holds; in case of breakdown, new lower lows are expected. For portfolio managers, these levels are critical thresholds for position restructuring.

Accumulation/Distribution Analysis

Market phase analysis indicates that GRT is still in distribution character: Price is rejected at $0.04 resistance and volume remains low in the downtrend, suggesting smart money is maintaining selling pressure. However, accumulation signs are observed in the volume profile around $0.0354 – this level is a strong support with a score of 71/100. For a shift to accumulation phase, the price must break and hold above $0.0370 resistance with increasing volume. The current consolidation could be preparing for a ‘spring’ in Wyckoff methodology; distribution patterns may emerge if upper range breakout fails. Long-term position traders should watch this phase transition for early entry opportunities into accumulation.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, GRT is stuck below $0.0370 resistance; 2 supports (S) and 2 resistances (R) levels are defined. RSI at 41.67 is nearing divergence, MACD histogram is negative but slowing. Price below EMA20 maintains short-term bearish bias. Confluence: $0.0354 daily support overlaps with 3D timeframe support (score 71/100). If breakdown occurs here, a quick slide to $0.0326 is possible. Above, $0.0430 confluence resistance could be tested. This view suggests a range-bound strategy for position traders – ideal for leveraged positions with GRT futures market data.

Weekly Chart View

On the weekly chart, the trend structure is more clearly bearish: Price near the lower band of the down channel, $0.0354 critical with 1S/1R confluence. Supertrend bearish, volume at weekly lows. Long-term EMAs are downward sloping and below price. Market phase here is in accumulation/distribution transition; if weekly candle closes above $0.0370, bullish reversal confluence increases. 9 strong levels (1D:2S/2R, 3D:1S/2R, 1W:1S/1R) support the overall bearish bias, but support confluence is strong.

Critical Decision Points

Main supports: $0.0354 (71/100, multi-TF confluence), $0.0326 (69/100). Resistances: $0.0370 (67/100), $0.0430 (61/100). Upside objective $0.0548 (26 score), downside risk $0.0206 (22 score). Market structure intact as long as $0.0354 holds; breakdown brings bearish acceleration. Key inflection point $0.0370 – breakout here could trigger trend change. Follow the GRT and other analyses section for all analyses.

Weekly Strategy Recommendation

In Case of Upside

Hold above $0.0354 and $0.0370 breakout activates bullish scenario: First target $0.0430, extension $0.0548. Stop-loss below $0.0354. R/R ratio potential 1:3+; ideal for accumulation phase entry. Limit position size to 2-5% risk, wait for BTC stabilization.

In Case of Downside

$0.0354 breakdown is bearish confirmation: Target $0.0326, then $0.0206. For short positions, stop above EMA20. Distribution continuation likely; risk management forefront, use trailing stop.

Bitcoin Correlation

GRT shows high correlation with BTC (typical altcoin behavior); BTC in downtrend at $89,170, key supports $88,355 / $86,075. BTC supertrend bearish – caution for altcoins, may create additional selling pressure on GRT. If BTC fails to break $89,190 resistance, GRT $0.0354 test accelerates. If BTC breaks below $88k, GRT downside risk opens to $0.0206; stabilization gives altcoin rotation opportunity.

Conclusion: Key Points for Next Week

To watch next week: GRT $0.0354 support and $0.0370 resistance; BTC $88,355 support. Trend intact above $0.0354; breakdown determines direction. Follow volume increase and RSI divergence. Position traders, be patient at confluence levels – macro cycle in down phase, wait for setup for selective longs.