Gram consolidates near $1.60 with MACD signaling strong selling activity: weekly analysis

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Gram slips 2.68% over the week

Highlights

GRAM faces medium-term selling pressure, trading below key moving averages with limited bullish signals from indicators.
Short-term support has emerged near $1.53, but price action shows a steady pullback from recent highs.
GRAM is likely to trade sideways with a projected seven-day range of $1.47 to $1.73 amid weak upside probability.

Bearish momentum persists as technical indicators turn slightly negative

Weekly technical analysis highlights that GRAM is maintaining a position above the MA-20, with this level acting as immediate support. However, the price remains well beneath the MA-50, signaling persistent medium-term bearish sentiment. Other weekly indicators, including MACD and Bull/Bear Power, indicate strong selling activity and slight sell-side dominance, respectively. The RSI, Stochastic RSI, and CCI are neutral to slightly bearish, reinforcing a broadly indecisive yet cautious outlook, while the Awesome Oscillator remains neutral.

Sideways bias expected amid volatility and weak bullish signals

Over the next 7 days, GRAM is expected to trade within a range of $1.47 to $1.73, reflecting recent weekly volatility. Given that only the ADX is signaling potential for trend strength while other momentum indicators lean bearish or neutral, the baseline scenario is sideways trading. There is a roughly 25% probability of a price increase, with a bearish outcome likely if downside momentum intensifies. A break below $1.47 could open the way for further declines, while renewed buying interest may push the price to test the $1.73 level.

Anton Kharitonov, analyst at Traders Union, notes that over the past week, GRAM continued to struggle, sliding 2.68% to close at $1.60. He observes that the asset is holding above its MA-20, but remains stuck well below the MA-50, underscoring persistent seller control. Key indicators—MACD, Bull/Bear Power, and most oscillators—reinforce a cautious stance, with only ADX flashing possible trend strength. The absence of bullish signals alongside neutral-to-bearish readings from RSI and CCI point to a week of indecision. Kharitonov believes baseline expectations are for price action to stay between $1.47 and $1.73, with downside risk dominant. "Until GRAM reclaims $1.73 convincingly, I see no fundamental reason to expect a meaningful rebound this week."

Earlier, analysts noted that Gram was facing persistent bearish momentum and struggled to establish a sustained recovery. The latest technical signals reinforce this cautious stance, with sideways or lower price action still the primary risk and traders advised to watch for a confirmed break below $1.47 as a potential trigger for further weakness.

Source of Data: GRAM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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