Gram weekly forecast: Pressure stays on support near $1.159 as downside momentum persists

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Gram falls 10.95% this week

Highlights

Gram fell 10.95% over the past 7 days, trading at $1.171 with heavy selling pressure persisting.
The token remains below its 20-day and 50-day moving averages, indicating a bearish long-term trend structure.
Gram is expected to trade between $0.999 and $1.2302 this week, with high probability of further downside unless it breaks above $1.271 resistance.

Sustained negative momentum as MACD and CCI highlight selling exhaustion

The daily chart shows a sustained move lower with a firm trend, reinforced by negative signals from the MACD and ADX. CCI is currently in the oversold zone at -108.7397, suggesting possible selling exhaustion, while other oscillators are neutral. Volatility over the past week was elevated at 9.66%. Immediate support sits at $1.159, with resistance up at $1.271 and the Ichimoku Kijun higher at $1.3655.

Downside bias holds with range pressure unless key level breaks

Over the next 7 days, the expected range is $0.999 to $1.2302. There is a very high probability (more than 80%) of a further decrease and a very low probability (less than 20%) of a bounce. The base case keeps Gram trading within the current range, likely under pressure near support at $1.159. A move above resistance at $1.271 would signal a possible bullish retracement. A break below $1.159 would open the door to further downside toward the lower end of the expected range.

Jainam Mehta, market strategist, notes that Gram (GRAM) dropped over 10% this week to $1.17, slipping into technically oversold territory as daily indicators remain negative. Downside momentum dominates, with sellers testing support at $1.159, but the oversold CCI reading signals the risk of a tactical bounce in the coming days. Mehta believes the chance of further downside remains high, though a snapback could develop if resistance at $1.271 is reclaimed. "I see a base case for Gram staying under pressure near $1.159, but contrarian entries may emerge if oversold exhaustion attracts buyers this week."

Earlier, analysts noted that Gram remained under persistent selling pressure and was vulnerable to further downside movement. The current multi-week slide into oversold conditions adds weight to these concerns, highlighting $1.159 as a critical support level to watch for signs of either a breakdown or a potential technical rebound.

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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