In the absence of major corporate or ecosystem news, investors continue to focus primarily on the health of The Open Network ecosystem. The latest on-chain metrics indicate that user activity remains strong.
The network's on-chain fundamentals continue to improve. Since launch, the ecosystem has processed more than 3.17 billion transactions, while average daily activity has remained stable at around 3 million transactions.
At the same time, the number of network addresses has increased from 175 million in March to more than 187 million in July.
A key short-term risk for GRAM is the upcoming token unlock. According to Coinglass, approximately 2.8 million GRAM, worth around $5.04 million, will be unlocked on July 27. Although the size of the unlock is not considered significant, the additional supply could increase short-term selling pressure.
GRAM needs to break $1.85 to target $2
On the daily chart, GRAM continues to trade within a broad $1.50–1.85 range. The 200-day simple moving average (SMA) near $1.56 remains the key support level.
In the near term, the price is likely to test the 50-day SMA around $1.71. A successful breakout above this indicator would open the way for another test of the $1.85 resistance level.
Further upside will depend on liquidity. If GRAM breaks above resistance on strong buying volume, the price could accelerate toward the $2.00 mark.
Otherwise, GRAM is likely to remain range-bound until a stronger fundamental catalyst emerges.
On-chain activity keeps GRAM's outlook positive
Despite the lack of major news, GRAM's fundamental outlook remains stable. Growing user activity and the continued increase in network addresses indicate that the ecosystem is still expanding, supporting long-term interest in the token.
In the short term, the key factors for GRAM will be the July 27 token unlock and overall sentiment across the cryptocurrency market.
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