Gram edges higher following Pavel Durov news

Traders Union
All News
Crypto
Gram Gains 3.39% Today

Highlights

GRAM trades below key moving averages, confirming short-, medium-, and long-term seller control across timeframes.
Momentum indicators register strong selling pressure and oversold conditions, with intraday buying unable to reverse the broader weak trend.
The price is forecast to move between $0.96 to $1.13 over the next five sessions, with a less than 20% chance of price recovery unless $1.18 resistance is broken.

Durov’s launch hints lift sentiment as technical selling prevails

Pavel Durov hinted at preparations for November launches on TON with a lighthearted remark about crypto winter, signaling ongoing development and forward momentum for the ecosystem. Such statements from key figures often bolster market sentiment by reinforcing expectations of continued adoption and fresh product releases. However, despite this positive tone, the market is giving greater weight to persistent technical selling pressure and the impact from recent Telegram wallet activity. Coinbase's introduction of perpetual markets for Gram was noted, but has not overridden the cautious backdrop.

View post on X Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Downtrend confirmed as Gram struggles below moving averages and resistance

GRAM is trading below its MA-20 at $1.1463, MA-50 at $1.3151, and MA-200 at $1.5275, reflecting sustained weakness across all timeframes. Immediate resistance is at $1.18, which coincides with the Ichimoku Kijun, and support sits near $0.96. The MACD shows a strong sell, and RSI at 36.90 confirms persistent seller dominance; the forecasted 5-day range is $0.96 – $1.13 with a low probability of a price increase. The lack of confirmation from price action in response to Durov’s tweet adds caution to the near-term forecast.

Parshwa Turakhiya, analyst, views Pavel Durov’s upbeat comments as supportive for sentiment but cautions that they haven’t shifted the underlying dynamics. Turakhiya believes the market is currently wary, as seen in persistent selling and weak technical structure, supporting a balanced but critical outlook. “Despite bullish headlines from Durov, I think GRAM buyers should remain cautious — sentiment will only hold if price action confirms,” he states.

Previously it was reported that Gram faced persistent technical weakness and selling pressure, even as new derivative products entered the market. This article adds a new dimension by assessing current price action and volatility, highlighting a key level traders should monitor for signs of either further downside or a potential reversal.

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.