Gram (GRAM, formerly Toncoin) is trading at $1.558 after a sharp drop of 9.73% for the day. The price sits below its key short- and medium-term moving averages but remains slightly above its longer-term trend, reflecting continued pressure from sellers.
1.583
1.751
Highlights
- TON/USD faces persistent short- and medium-term selling, trading below key moving average levels while longer-term support holds.
- Momentum and volume indicators signal a strong bearish bias, showing no signs of reversal or oversold exhaustion on the current decline.
- Price is expected to move sideways between $1.504 and $1.612 over the next sessions, with a high likelihood of further downside.
Bearish momentum dominates amid loss of technical support
The 20-day and 50-day moving averages are positioned above the current price, while the 200-day moving average remains just below, confirming the significance of the $1.558 support zone. Intraday resistance is marked by the Ichimoku Kijun level at $1.631. Technical momentum signals are heavily bearish: MACD indicates a strong sell, ADX is in sell territory, RSI and Stoch RSI both point to continued downside bias, and CCI with BBP show seller dominance. The Awesome Oscillator, however, is currently neutral and does not reinforce the prevailing trend.
Further weakness probable as resistance caps upside
In the short term, GRAM is likely to trade within a range of $1.504 to $1.612, reflecting typical volatility around current levels. Upside probability remains very low, with technicals and recent price action favoring further weakness or lateral consolidation. A bullish scenario would require a decisive break above the $1.631 resistance level, while a bearish scenario develops if support near $1.504 fails in the coming sessions.
Earlier, analysts noted that Gram was experiencing persistent selling pressure and lacked clear bullish momentum in recent trading sessions. The latest technical evidence confirms these concerns, with sellers firmly in control and a failure of the $1.504 support likely to trigger further downside risk for traders in the near term.
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