GRAM surged about 8% after Telegram announced the rollout of its native non-custodial Gram Wallet across all versions of the app. To extend the recovery, the token now needs to secure a breakout above the key $1.55 level.
Pavel Durov announced that Telegram will integrate the native non-custodial Gram Wallet into all versions of the application this summer. Users will benefit from instant, fee-free transactions, while the service could potentially reach more than 1 billion users.
The announcement became a strong fundamental catalyst for GRAM. Following the news, the token gained approximately 8%. The integration could significantly expand GRAM's real-world utility, although the exact launch date and technical details of the wallet have yet to be disclosed.
Bullish scenario requires a breakout above $1.55
The bullish scenario outlined previously has fully played out. After several more days of declines, GRAM rebounded above $1.50.
The key zone to watch in the coming days is $1.51–1.55, where the 200-day simple moving average (SMA) coincides with a local support area. A decisive close above $1.55 would open the way toward the 50-day simple moving average (SMA) near $1.63.
If the price fails to break through this zone and falls back below $1.51, the probability of a correction toward the $1.43 support level would increase.
The announcement of the native Gram Wallet rollout strengthens the token's fundamental outlook, making a continuation of the recovery the more likely scenario. However, this view will only be confirmed if GRAM establishes a firm foothold above $1.55.
GRAM gains a long-awaited fundamental catalyst
GRAM has long lacked a strong fundamental catalyst, and the upcoming integration of the native wallet into Telegram finally provides one.
While this development does not guarantee a long-term trend reversal, as its ultimate impact will depend on the rollout timeline and user adoption, it could support demand for the token and create favorable conditions for a medium-term recovery.
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