Gram drops almost 8% after Telegram expands Gram wallet services within app ecosystem

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Gram slides 7.61% today on drop

Highlights

Telegram rebranded its crypto wallet to Walt and introduced a Gram wallet for payments across integrated services.
Users can now buy, store, and use Gram tokens for gifts and transactions within the Telegram ecosystem, aiming to broaden utility.
GRAM/USD trades near $1.55 in a consolidation zone with mixed momentum signals and is expected to range from $1.3775 to $1.81 in the next five days.

Expanded Gram utility faces adoption drive as sellers dominate

Telegram rebranded its built-in crypto wallet to 'Walt' and launched a dedicated Gram wallet to enhance everyday payments and transfers within the app. The new Gram wallet allows users to buy, hold, and use Gram tokens for gifts and transactions across thousands of Telegram-integrated services. The Walt platform also provides infrastructure for topping up Gram wallets, expanding adoption and utility within the Telegram ecosystem, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees the recent Gram (GRAM) drop as driven by unsustainable volatility and speculative hype around Telegram’s wallet rebranding. He notes concerning overbought conditions across most technical oscillators and a bearish medium- to long-term trend despite near-term bullishness. Momentum signals are sharply divergent, while persistent volatility of 4.77% increases downside risk for traders. There is skepticism about how much the product rollout can support prices under broad selling pressure. Kharitonov warns, "Investors should treat any rallies as potentially fleeting until clear trend confirmation emerges."

Viktoras Karapetjanc, expert at Traders Union, remains confident that the structural outlook for Gram is positive following Telegram’s strategic wallet news. He emphasizes that the dedicated Gram wallet and integration across Telegram services will drive adoption and create lasting value for the ecosystem. The bullish scenario above $1.604 shows the market offers attractive setups for further growth. Karapetjanc asserts, "Bullish structure remains intact and I expect new highs if uptake accelerates over the next sessions."

Parshwa Turakhiya, analyst, highlights the intense sentiment swings as GRAM/USD reacts to strong news and volatility spikes. He points to mixed technical signals — intraday buyer power, but clear exhaustion in oscillators — suggesting unpredictable short-term moves. The analyst sees range-bound trading as likely, with momentum quickly shifting if key support or resistance breaks. Turakhiya says, "This is a classic sentiment-driven phase where nimble trading tactics can capture quick reversals or breakouts."

Bullish signals clash with overbought risks as trend diverges

GRAM/USD is trading above its 20-day, 50-day, and 200-day moving averages at $1.4184, $1.3963, and $1.5292 respectively, signaling bullish momentum in the short, medium, and long term. Near-term support is seen at $1.531 and resistance is at $1.604, with the Ichimoku Kijun at $1.513 providing additional support. However, the medium- to long-term trend alignment remains bearish. Momentum indicators give mixed signals: MACD and Awesome Oscillator show persistent buying strength, but ADX only indicates moderate trend conviction. The RSI is overbought at 72.05 with a "Buy" forecast. Both the Stochastic RSI at 100 and CCI at 220.59 highlight strong overbought conditions, while Bull/Bear Power at 0.2523 confirms intraday buyer dominance. Nonetheless, overbought signals across multiple oscillators suggest exhaustion, and divergent momentum and oscillator signals warn of reversal risk. The price is near the intraday low after a sharp drop, and volatility is elevated at 4.77%.

Earlier, analysts noted that Gram was consolidating within a broad range, with technical signals highlighting short-term uncertainty and the potential for a decisive breakout in either direction. The current update adds a new dimension with the integration of expanded in-app utilities, and traders should watch for a bullish breakout above $1.604 as a catalyst for further upward momentum.

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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