Gram slips below $1.3776 support as CLARITY Act advances toward federal crypto regulation

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Gram slides 9.96% to $1.41 today

Highlights

The CLARITY Act, advancing to Senate debate in July, creates regulatory uncertainty for Gram as a federal framework nears.
Ripple warns that failure to pass the bill would maintain major regulatory gaps, heightening investor caution post-FTX collapse.
GRAM/USD faces pronounced selling pressure with bearish momentum and a projected trading range of $1.3776–$1.519 over the next two sessions.

Regulatory uncertainty as CLARITY Act progress shifts investor risk stance

The most recent regulatory development impacting Gram centers on the CLARITY Act, which has progressed out of the Senate Banking Committee and is set for debate on the Senate floor in the upcoming window from July 13 to August 7, according to Fxstreet. This advancement brings the potential for a federal regulatory framework closer, creating uncertainty and prompting market participants to reassess the risk landscape for assets like Gram. Additionally, Ripple has cautioned that rejection of the bill would maintain significant regulatory gaps still associated with past events such as the FTX collapse, contributing to caution among investors.

Oversold readings and resistance barrier signal continued intraday weakness

On the hourly chart, GRAM/USD is positioned below the MA-20 at $1.5314 and MA-50 at $1.5671, while it also continues to trade under the long-term MA-200 at $1.5616. The Ichimoku Kijun indicator shows immediate resistance at $1.533. Momentum signals are uniformly negative: the Moving Average Convergence Divergence (MACD) and the Average Directional Index (ADX) both indicate a clear sell bias. The Relative Strength Index (RSI) is deeply oversold at 22.6, and both the Commodity Channel Index (CCI) and Stochastic RSI confirm this oversold condition. Bull/Bear Power signals seller dominance intraday, while the Awesome Oscillator is aligned with the ongoing downward momentum. Price action is holding near today's low, reflecting elevated volatility and persistent weakness.

Downside favored as consolidation and resistance cap reversal odds

Over the coming one to two sessions, the anticipated trading range is $1.3776 to $1.519. The probability of an upward move is rated very low, while the likelihood of additional downside is rated very high. The baseline scenario calls for price consolidation within this forecast corridor. A bullish reversal would require GRAM/USD to overcome immediate resistance at $1.533 and move above the upper end of the current volatility band; if support at $1.3776 fails, further declines could follow in the near term.

Viktoras Karapetjanc, expert at Traders Union, believes that the progress of the CLARITY Act marks a turning point for Gram, introducing both regulatory uncertainty and the prospect of future stability. He sees current downside momentum strengthened by negative sentiment, as persistent market caution reflects both weak technicals and lingering regulatory questions. Near-term trading is likely to remain constrained within the $1.3776 to $1.519 range. "I remain constructive: once the regulatory fog lifts, assets like Gram could regain strength if market confidence returns with clear policy direction."

Earlier, analysts noted that Gram exhibited persistent downside bias amid ongoing bearish momentum and a lack of bullish catalysts. The latest move lower, coupled with oversold momentum readings and fresh regulatory uncertainty, reinforces an elevated downside risk, with $1.3776 now emerging as a critical support level for near-term direction.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.