What's behind Gram's latest price pullback?

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Gram slides 11.54% today on selling

Highlights

Gram completed its official rebrand from Toncoin after an 81.22% approval, finalizing the transition by June 15, 2026.
Telegram confirmed more than one million wallet activations for Gram, but only about 6% currently show a balance.
GRAM/USD trades near session lows at $1.127, under technical selling pressure, with an expected range of $0.978 to $1.297 for the week.

Rebranding approval and low wallet usage reinforce persistent sell flow

Gram finalized its official rebranding from Toncoin after an 81.22% community vote, with the transition completed on June 15, 2026. Telegram reported over a million wallet activations linked to the Gram integration, of which only about 6% currently maintain a balance. Price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, highlights Gram’s 11.54% decline and emphasizes the persistent technical weakness below all major moving averages. He notes that the rebranding and weak wallet engagement figures underscore the lack of real user adoption, amplifying downside risk. The analyst points out that most momentum and trend indicators remain bearish, while a gap down and ongoing volatility signal weak market confidence. Kharitonov is skeptical that support at $0.992 will hold, given unfavorable sentiment and technicals. He says, "Unless we see a clear reversal in both usage data and price action, GRAM remains firmly in bearish territory for now."

Viktoras Karapetjanc, expert at Traders Union, believes the recent Gram rebrand and Telegram integration signal a significant step for ecosystem growth. He sees potential for rapid adoption as over a million wallets are already activated, laying the foundation for future demand. Karapetjanc maintains that technical headwinds present short-term challenges, but the broader bullish structure remains intact given the strong community support. He concludes, "Gram’s network effects and user base expansion offer an attractive setup for long-term investors expecting further growth."

Jainam Mehta, market strategist, notes GRAM/USD is trading beneath major averages with mixed momentum signals and heightened intraday volatility. He sees consolidation as the likeliest scenario, though a breakout above $1.128 could trigger a short-term rally. Mehta suggests contrarian traders might consider opportunistic entries if downside overshoots support. He adds, "The current setup favors tactical range trades while waiting for clear confirmation beyond established levels."

Bearish price action as key technicals and indicators signal weakness

GRAM/USD remains below its 20-day, 50-day, and 200-day moving averages at $1.1646, $1.3296, and $1.5298, indicating sustained bearish momentum across all timeframes. Immediate resistance is noted at $1.128 and the Ichimoku Kijun level at $1.181, with nearby support at $0.992. Momentum indicators are mixed: MACD signals 'Strong Sell', ADX shows ongoing trend strength, RSI and CCI are neutral, Stochastic RSI is in the overbought zone suggesting downside correction risk, and Bull/Bear Power is slightly positive. The Awesome Oscillator is neutral. GRAM/USD recently gapped down and currently trades near session lows amid elevated intraday volatility, with most technical signals reflecting risk-off sentiment.

Previously it was reported that Gram’s price action was defined by mixed technical signals and a cautious outlook, even as ecosystem growth accelerated with the Telegram wallet integration and rebranding. The latest price breakdown and persistent weakness below all major moving averages reinforce the prevailing downside risk, with a close below $0.992 potentially opening further losses in the week 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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