GRAM outperforms as most altcoins struggle

GRAM outperforms as most altcoins struggle
GRAM outperforms as most altcoins struggle

​Against a backdrop of weakness across most altcoins, GRAM (ex-TON) continues to demonstrate relative resilience. The lack of major news has been offset by a strong technical setup and better performance compared to the broader cryptocurrency market.

In recent days, GRAM has remained one of the few major altcoins managing to hold up significantly better than the market. While most crypto assets remain under pressure due to declining liquidity, Bitcoin's weakness, and macroeconomic risks, GRAM continues to show relative strength and outperform the broader crypto market.

There are currently few fundamental catalysts. The most significant development in recent weeks has been the completion of Toncoin's rebranding to GRAM, a move that was supported by the majority of the community and did not require any token migration or technical changes to the network.

The current lack of major news is also working in the asset's favor. In a highly volatile environment, investors tend to prefer projects with established ecosystems and strong integration with Telegram, which continues to support interest in GRAM.

Bulls challenge the upper boundary of the channel

As mentioned in our previous analysis, GRAM remains within a short-term descending trading channel, with its boundaries acting as support and resistance levels.

After successfully holding above the 200-day simple moving average (SMA), the asset rebounded and approached trendline resistance in the $1.75–$1.77 range. A successful breakout above this area would significantly increase the probability of a move toward the 50-day SMA near $1.90.

However, such a move would require a noticeable increase in buying volume. If buyers fail to overcome resistance, GRAM is likely to retest the 200-day SMA near $1.55.

Relative strength remains GRAM's key advantage

Despite GRAM's relative strength, it is impossible to completely ignore broader market conditions.

Low trading volumes, weakness across the cryptocurrency market, and ongoing macroeconomic and geopolitical risks could still negatively affect the asset's price.

However, as long as GRAM continues to hold its key support levels, its relative resilience suggests it may continue to outperform many of its competitors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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