Gram ($GRAM ) Market Update: Former Toncoin Rebounds 17% Weekly, But $1.67 Resistance Is the Real Test
$GRAM (formerly Toncoin) is trading near $1.60**, up roughly **17% over the past week**, after breaking out of a descending channel that had capped its price since May . The token now tests **$1.67, a level that rejected every rally in June and July .
Key Catalyst: Coinbase Prime launched institutional staking for GRAM on September 22, allowing hedge funds to earn yield without moving tokens out of custody . Open interest in GRAM futures hit $192.37M, the highest since contracts relaunched under the new ticker .
The Setup: The 200-day SMA at $1.53** now acts as first support, with the 50-day at **$1.39 below it . However, the 50-day remains below the 200-day—the long-term trend hasn't formally reversed . $GRAM is available on Binance Spot, Margin, and Futures with up to 50x leverage .
Binance Trade Setup: A cautious long only on a confirmed break above $1.67** with volume, targeting **$1.80–$1.90**, stop below **$1.53. If rejected, expect a pullback toward the 200-day SMA. DYOR—the rename changes nothing on-chain; this is pure price action.
#GRAM #analysis #Binance
$GRAM (formerly Toncoin) is trading near $1.60**, up roughly **17% over the past week**, after breaking out of a descending channel that had capped its price since May . The token now tests **$1.67, a level that rejected every rally in June and July .
Key Catalyst: Coinbase Prime launched institutional staking for GRAM on September 22, allowing hedge funds to earn yield without moving tokens out of custody . Open interest in GRAM futures hit $192.37M, the highest since contracts relaunched under the new ticker .
The Setup: The 200-day SMA at $1.53** now acts as first support, with the 50-day at **$1.39 below it . However, the 50-day remains below the 200-day—the long-term trend hasn't formally reversed . $GRAM is available on Binance Spot, Margin, and Futures with up to 50x leverage .
Binance Trade Setup: A cautious long only on a confirmed break above $1.67** with volume, targeting **$1.80–$1.90**, stop below **$1.53. If rejected, expect a pullback toward the 200-day SMA. DYOR—the rename changes nothing on-chain; this is pure price action.
#GRAM #analysis #Binance