The Graph (GRT) token has performed well with a gain of 28% in the past week. However, it is unclear whether its bullish dominance can be sustained. Although the short-term trend is positive, the long-term trend is bearish. Bulls are facing challenges as sellers have been dominant since June. Although the current RSI and CMF indicators show increased bullish momentum and a large amount of capital inflows may help break through the $0.18 resistance, the simple moving average shows a downward trend. The 50-day moving average is below the 100-day moving average, and it will take time to break the downward trend. There was no obvious selling when the price pulled back, the market sentiment was optimistic, and the increase in prices and open interest reflected investors' bullish sentiment, which is consistent with the general market phenomenon after the recovery of Bitcoin. However, the future trend is still uncertain, and investors need to carefully assess the risks and look at the development of GRT rationally.