The Price per gramformerly known as Ton, has returned from the lowlands and is trying to regain much of what was lost. Toncoin was converted to Gram this month, retrieving its original token of 2018. The conversion was supported by 81.22% of the approval of the community, showing the strong support of the ecosystem. Immediately after the announcement, the price of GRAM (TON) rose 10% to 20%, reflecting speculative interest. Currently, the price is trading around $1.67 with an increase of 5.12%, while the volume has decreased slightly by 23.88%.
The biggest contributor seems to be the growth of GRAM trading in the future, adding to the long-term future of GRAM/USDT. But the question is whether the price can reach $2 which will bring the indicator inside the bullish range.
Gram has been trying to stabilize after a big correction from its recent high, with the symbol now trading near the $1.68 mark. Recent price action shows the GRAM holding above the current support that is rising near $1.56, a level that has been an important base for the recent recovery. As long as this bullish support remains stable, a larger bullish setup remains in play.
The RSI is hovering near the neutral zone, which indicates that the indicator has no corrective power, while the MACD remains weak after the recent bearish reversal. This suggests that although buyers are protecting support, a strong trend will be needed to create a break. On the other hand, GRAM is facing strong opposition in the area of $1.88–$1.92, which has repeatedly blocked price rallies in the past few weeks.
At the moment, the price of GRAM remains between rising support and higher resistance, forming a strong pattern that usually leads to a large movement. If buyers are able to recover the $1.90 area, the next targets could come in at $2.00 and $2.20. At the bottom, a loss of the $1.56 support of the current model would change the interest rate in favor of the sellers, showing the indicator going down to the support area of $1.14.
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