A Dramatic Fall From Grace
GRAM, formerly Toncoin, has experienced a dramatic decline, falling approximately 93% in just 16 months from its June 2024 all-time high. Even after stabilising, price still remains more than 80% below that peak.
Historic Support Under Pressure
Price is once again trading just above the $1.20 support zone, an area that has repeatedly acted as both support and resistance since the asset first listed. Bulls need this level to hold if they are to avoid another leg lower.
Long-Term Trend Remains Bearish
The 10-Month EMA has consistently capped every meaningful recovery over the past year and a half, highlighting the strength of the prevailing downtrend. Until price can reclaim both the moving average and the $2.91 resistance level, sellers remain in control.
Historical Low Back in Focus
A decisive break below the $1.20 support area would leave the $0.54 all-time low as the next major downside target. Another successful defence, however, could offer bulls the opportunity to begin building a longer-term base.
In Summary
GRAM has endured a remarkable collapse from its 2024 peak and now finds itself back at one of the most significant support zones on its chart. The $1.20 area has repeatedly attracted buyers since listing, but the broader trend remains firmly bearish, with the 10-Month EMA continuing to cap rallies. Holding support is crucial, as a break lower would bring the historical low at $0.54 firmly back into view.
GRAM, formerly Toncoin, has experienced a dramatic decline, falling approximately 93% in just 16 months from its June 2024 all-time high. Even after stabilising, price still remains more than 80% below that peak.
Historic Support Under Pressure
Price is once again trading just above the $1.20 support zone, an area that has repeatedly acted as both support and resistance since the asset first listed. Bulls need this level to hold if they are to avoid another leg lower.
Long-Term Trend Remains Bearish
The 10-Month EMA has consistently capped every meaningful recovery over the past year and a half, highlighting the strength of the prevailing downtrend. Until price can reclaim both the moving average and the $2.91 resistance level, sellers remain in control.
Historical Low Back in Focus
A decisive break below the $1.20 support area would leave the $0.54 all-time low as the next major downside target. Another successful defence, however, could offer bulls the opportunity to begin building a longer-term base.
In Summary
GRAM has endured a remarkable collapse from its 2024 peak and now finds itself back at one of the most significant support zones on its chart. The $1.20 area has repeatedly attracted buyers since listing, but the broader trend remains firmly bearish, with the 10-Month EMA continuing to cap rallies. Holding support is crucial, as a break lower would bring the historical low at $0.54 firmly back into view.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.