GRAM broke its falling channel — I measured the move, not the hype.
Under $1.00 on November 9, $1.26 on November 11 — about 27% in two days, on $153 million of volume. The trigger: Durov reported 700,000+ self-custodial wallets in 48 hours, later past a million.
Now the audit: 973,633 wallets in 48 hours, but only 207,412 hold balance — 1.69 million GRAM between them. A wallet activates when someone receives Gram, so the count outruns usage. DeFi sits near $43 million — no liquidity yet.
That prices it, not kills it. Durov calls Gram "ridiculously undervalued". That's his view, not a valuation — and a 45.6-million-coin unlock lands November 26.
Levels: support $1.16, then $1.12. Resistance $1.26, then $1.27, the 50-day average. Under $1.16 breaks the reclaim; above $1.26, the break gets a second leg.
A) $1.26 breaks first, B) $1.16 gives way, C) it chops between into November 26 — which one?
NFA, DYOR.
$GRAM #CryptoNews #Gram #Telegram
Under $1.00 on November 9, $1.26 on November 11 — about 27% in two days, on $153 million of volume. The trigger: Durov reported 700,000+ self-custodial wallets in 48 hours, later past a million.
Now the audit: 973,633 wallets in 48 hours, but only 207,412 hold balance — 1.69 million GRAM between them. A wallet activates when someone receives Gram, so the count outruns usage. DeFi sits near $43 million — no liquidity yet.
That prices it, not kills it. Durov calls Gram "ridiculously undervalued". That's his view, not a valuation — and a 45.6-million-coin unlock lands November 26.
Levels: support $1.16, then $1.12. Resistance $1.26, then $1.27, the 50-day average. Under $1.16 breaks the reclaim; above $1.26, the break gets a second leg.
A) $1.26 breaks first, B) $1.16 gives way, C) it chops between into November 26 — which one?
NFA, DYOR.
$GRAM #CryptoNews #Gram #Telegram
