The post GRT Technical Analysis Jan 22 appeared on BitcoinEthereumNews.com. GRT’s volume story shows weak conviction with low market participation; despite a +1The post GRT Technical Analysis Jan 22 appeared on BitcoinEthereumNews.com. GRT’s volume story shows weak conviction with low market participation; despite a +1

GRT Technical Analysis Jan 22

GRT’s volume story shows weak conviction with low market participation; despite a +1.93% increase within the downtrend, volume is below average, signaling that the rally may not be sustainable.

Volume Profile and Market Participation

GRT’s 24-hour trading volume came in at 10.80 million dollars, which is about 20% below the 7-day average volume. This low volume indicates limited market participation; even though the price rose +1.93% around $0.04, examining the volume profile shows the value area (high-volume price zone) squeezed in the $0.0368-$0.0417 range. According to volume profile analysis, the Point of Control (POC) is at $0.0377, and this level acts as a strong magnet.

Volume increased during recent declines (e.g., the drop from $0.05 resistance), but today’s upward move is low-volume. This highlights the lack of broad-based participation (high volume nodes – HVN) needed for a healthy rally. Market participants are cautious; retail traders are limited, and institutional flows are quiet. Volume delta analysis confirms that sellers (red volume) dominate buyers (green volume), pointing to the continuation of the downtrend.

Educational note: Volume profile shows where the ‘fair value’ lies. For GRT, low nodes (below $0.0326) are risky, while high nodes (above $0.0417) are potential targets.

Accumulation or Distribution?

Accumulation Signals

Accumulation signals are weak but present: volume increase at $0.0368 support (65/100 score level), resembling a spring test for potential bottom formation. RSI at 41.89 is approaching oversold, and hidden positive divergence in volume (volume decreasing as price falls) carries traces of accumulation. If there’s a volume explosion on a test of $0.0326, institutions might be hunting for bottoms.

However, staying below EMA20 ($0.04) and bearish Supertrend indicate accumulation is in an early stage. Watch for: Uptick in volume + price stabilization.

Distribution Risks

Distribution warnings dominate: High volume on rejection from $0.05 resistance (distribution climax), low volume on the recent +1.93% rally (fakeout). Negative MACD histogram and 7R/4S (resistance heavy) MTF volume levels on 1D/3D timeframes scream seller control. High risk of a volume trap at $0.0417; breakouts could collapse on low volume.

Education: In distribution, volume is low on upside fakes and high on real downside breaks. GRT fits this profile perfectly.

Price-Volume Confluence

Even though price is up +1.93%, there’s no volume confirmation; within the downtrend, this resembles a ‘weak hands shakeout’. High volume on declines (bearish conviction), low on rises (lack of conviction). Divergence is clear: Price bearish below EMAs, volume favors sellers.

On MTF, 10 strong levels (3R on 1W) are pulling price to $0.0377. Healthy volume: Needs HVN expansion for upside, currently unhealthy (narrow profile). I recommend cross-referencing volume-price confluence with futures open interest for GRT Spot Analysis and GRT Futures Analysis.

Big Player Activity

Institutional patterns are ambiguous: No clear buying in whale flows, but volume cluster at $0.0368 (institutional footprint?) hints at accumulation. Volume spikes at $0.05 show selling climax, indicating big players closing positions. If supported by on-chain data (whale wallet movements), a $0.0326 test could mark the end of distribution.

Warning: We don’t know exact institutional positions; we’re only interpreting volume footprints. Watch for large block trades.

Bitcoin Correlation

BTC at $89,722 +1.55% in downtrend, Supertrend bearish. GRT correlates 0.85% with BTC; if BTC breaks $89,153 support, GRT gets dragged to $0.0368. Key BTC levels: Support $86,892 (triggers GRT $0.0326), resistance $90,940 (condition for GRT rally). Rising BTC dominance cautions altcoins; GRT volume could spike on BTC dump (distribution).

Volume-Based Outlook

Short-term bearish: Volume low and scattered; needs 50%+ volume increase for $0.0377 breakout. Bull target $0.0600 low score (31), possible with $0.0368 hold in accumulation. Bear target $0.0206 (22 score), realistic with volume confirmation. Outlook: Low participation extends downtrend, follow volume spikes. Recommendation: $0.0368 stop-loss on Spot/Futures, wait for volume increase.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Market Analyst: Sarah Chen

Technical analysis and risk management specialist

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/grt-volume-analysis-january-22-2026-accumulation-distribution

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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