GRAM, the native token of The Open Network (TON), surged more than 10% in the past 24 hours, climbing from approximately $1.44 to an intraday high of $1.59. The move came after Telegram founder Pavel Durov announced plans to launch a native non-custodial Gram wallet directly within the messaging app, targeting its base of over 1 billion monthly active users.
According to Durov, the integrated wallet will allow users to send cryptocurrencies instantly with zero fees while maintaining full control of their private keys. He described the initiative as the “largest rollout of a non-custodial crypto wallet in human history.” The wallet is expected to be available this summer, though Telegram has not yet specified a precise launch date, supported assets, regional availability, or security protocols.
The announcement has generated significant speculation that Gram could become a native payment asset within Telegram’s ecosystem. The token’s recent rebrand from Toncoin has further strengthened its association with the messaging platform, fueling expectations of broader adoption.
Despite the bullish narrative, several key details remain unresolved. Telegram has not explained how it plans to offer fee-free transfers, whether identity verification will be required for certain services, or whether the rollout will be global or phased. As a result, much of the current price action is driven by sentiment rather than confirmed implementation.
Technical Analysis: Resistance and Momentum
On the daily GRAM/USDT chart, buyers have successfully defended the $1.47 support level, which aligns with the 0.236 Fibonacci retracement. After bouncing from that zone, the token briefly touched $1.59 before retreating, suggesting profit-taking following the news-driven rally.
The first major resistance cluster lies between $1.60 and $1.62, where the 0.5 and 0.618 Fibonacci retracement levels converge. A decisive close above that zone could open the path toward $1.74, followed by $1.84 and $2.14 (the 1.618 Fibonacci extension).
Momentum indicators, however, paint a cautious picture. The Relative Strength Index (RSI) has recovered to around 45, improving from recent lows but still below the neutral 50 threshold. While selling pressure has eased, a sustained bullish trend has yet to be confirmed.
GRAM continues to trade below its 20-day, 50-day, 100-day, and 200-day exponential moving averages, which are clustered near $1.56, $1.63, $1.64, and $1.72, respectively. Reclaiming the 20-day EMA would be an early sign of improving short-term momentum, while a move above the 50-day and 100-day EMAs would strengthen the case for a larger recovery.
Volume and Accumulation Trends
Trading volume increased during the latest rally but remains well below the surge recorded during May’s breakout. However, the On-Balance Volume (OBV) indicator has stayed considerably higher than pre-May levels, suggesting that longer-term accumulation has not completely dissipated despite weeks of price weakness.
For context, similar wallet integration announcements have historically acted as catalysts for token appreciation. For example, Jito’s launch of its JTX self-custodial trading platform initially boosted JTO, though the token later faced resistance at key levels. Meanwhile, Lynq and Nonco’s 24/7 stablecoin liquidity solution highlights the growing institutional interest in seamless crypto transfers.
Outlook
Telegram’s wallet announcement has provided a meaningful fundamental catalyst for GRAM, but technical confirmation remains lacking. If buyers can push the token above the $1.60–$1.62 resistance zone with stronger volume, attention could shift toward $1.74 and $1.84. Conversely, failure to hold above $1.47 would weaken the recent breakout attempt and could send the price back toward lower support levels.
The coming weeks will be critical as the market awaits further details on the wallet’s rollout. Until then, GRAM’s price trajectory will likely remain tied to sentiment and speculative positioning.
This article is for informational purposes only and does not constitute financial advice.
