Gram weekly forecast: Expanding Money wallet adoption fails to reverse seven-day downtrend

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Gram slips 4.60% over the week

Highlights

Gram trades at $1.391, down 4.6% over the past 7 days and below its key trend levels.
Indicator signals show continued bearish momentum with high volatility and selling dominance, but the asset is now technically oversold.
Support is at $1.303 and resistance at $1.4213, with an expected 7-day range of $1.2909 to $1.491 and a high probability of a decrease.

Wallet expansion fuels adoption debate as ecosystem questions persist

Telegram has expanded access to its Money wallet, enabling over one billion users to transfer and hold GRAM and purchase digital collectibles, according to CoinGape. Additional coverage confirms the wallet's official launch and a rebranding from its former name, with increased adoption seen across some associated platforms.

Seller dominance strengthens as technicals flag oversold risks this week

The daily chart shows a developing trend, with momentum defined by a sharp move lower without a sustained trend and volatility high at 14.5%. MACD and Bull/Bear Power both point to seller dominance, while CCI at -128.2032 is in the oversold zone, suggesting the potential for exhausted selling pressure even as the overall setup remains bearish. Nearest support stands at $1.303 and resistance is at $1.4213, with the Ichimoku Kijun potentially capping rebounds near $1.5215.

Choppy range expected as downside risks outweigh breakout potential next week

Over the next 7 days, the expected range is $1.2909 to $1.491, with a very low probability of an increase and a very high probability of a decrease. The base case is continued choppy trading below resistance, unless a breakout above $1.4213 triggers short-term upside potential. A move above resistance could drive a test of $1.491, while a close below support at $1.303 would open room toward the lower boundary of the forecasted range.

Jainam Mehta, market strategist, sees Gram trading defensively near $1.39 this week after a 5% decline, as sellers retain control yet momentum appears at risk of exhaustion. While Telegram’s expanded Money wallet launch marks a milestone for GRAM’s adoption story, Mehta notes that lingering questions over user engagement may limit near-term market impact. Daily chart signals highlight oversold conditions with CCI at -128.2032, but with MACD and Bull/Bear Power still negative, caution dominates unless resistance at $1.4213 is reclaimed. "Rebounds are possible from oversold levels, but until we see a convincing break above $1.4213, my base case remains for choppy, defensive action within the $1.2909–$1.491 range this week."

Earlier, analysts noted that Gram was facing mounting downside risk and likely entering a consolidation phase as sellers retained control. The latest developments reinforce this cautious outlook, with focus now squarely on whether support near $1.303 can hold amid persistent bearish momentum and high volatility in the days ahead.

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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