Gram weekly forecast: Sellers in control with resistance at $1.3939 capping recovery

Traders Union
All News
Crypto
Gram slips 2.54% this week

Highlights

Gram declined 2.54% over the past week and now trades at $1.345 near the bottom of its recent range.
The asset trades below key moving averages and momentum indicators remain bearish, pointing to continued weakness.
Gram is expected to consolidate within a $1.2852 to $1.4047 range, with support at $1.334 and resistance at $1.3939.

Momentum turns negative as price stalls below key averages this week

On the daily chart, the setup is weakening with the price holding below both the MA-20 and MA-50, and the MACD signaling Sell as momentum turns negative. Volatility over the past week reached 8.47%, with a sharp move lower but without a sustained trend, confirming the flat trend character. The Stochastic RSI reading of 24.0632 is approaching oversold, but has not entered an oversold zone, while the Ichimoku Kijun at $1.427 acts as resistance. Immediate support is found at $1.334 from last week's low, and resistance stands at $1.3939 near the MA-50.

Consolidation likely in coming week as bearish risk outweighs rebound

In the week ahead, Gram is expected to trade within a range of $1.2852 to $1.4047. There is a very high probability (more than 80%) of a further decrease, with a very low probability (less than 20%) of an advance. The base case favors continued consolidation between $1.334 and $1.3939. A bullish scenario would require a decisive move above $1.3939, while a bearish break below $1.334 could expose the lower boundary of the forecast range.

Anton Kharitonov, expert at Traders Union, notes that Gram (GRAM) continued its decline this week, trading near $1.35 after losing more than 2%. He highlights that price action remains weak, with GRAM holding below the daily MA-20 and MA-50 and the MACD pointing to negative momentum. Despite volatility of 8.47%, the trend is still flat, signaling indecision among traders as the Stochastic RSI approaches oversold but stops short of a reversal signal. Immediate support at $1.334 is critical, while resistance at $1.3939 caps any attempt at recovery. Kharitonov sees a very high probability of further downside in the week ahead, unless a decisive breakout above $1.3939 occurs. "If GRAM drops below $1.334, I expect the bears to challenge the lower end of the forecast range at $1.2852," he says.

Earlier, analysts noted that Gram’s outlook was cautious as price action consolidated near support, with the next move dependent on a break of key resistance. The current update reinforces this defensive stance and highlights a narrowing range, with immediate attention on whether Gram can hold above $1.334 to avoid a deeper decline.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.