GRAM token has delivered an explosive 119.72% gain over recent hours, breaking out from a multi-week accumulation range that had been constraining its price action. According to latest reports, the token has soared to an impressive $1.67, representing a significant breakout from a descending price channel that signals a possible resurgence in market sentiment. This technical breakout has become self-reinforcing as traders who were sidelined during the range-bound period see the breakout as confirmation of the bullish thesis, leading to increased positioning and capital inflows. The well-advertised breakout has created a momentum-driven rally that has compressed several percent of price appreciation into just a few hours.
Telegram has announced plans to expand its Gram wallet to over 1 billion users while its partner Walt (formerly Wallet in Telegram) has rebranded as a comprehensive crypto platform. According to the latest announcement, Walt now supports over 300 assets across four blockchains, offering trading, tokenized assets, and yield products within Telegram's messaging interface. The distinction between the two wallets is clear—Telegram's Gram wallet handles everyday transactions like buying Gram, sending Telegram Gifts, and making payments using a self-custodial model, while Walt provides advanced trading capabilities including perpetual futures covering more than 70 assets and tokenized products for over 100 stocks, ETFs, and metals. Walt founder Andrew Rogozov emphasized the evolution from a simple wallet to a full-scale crypto platform, stating the company has grown over four years into a comprehensive crypto platform inside Telegram.
The introduction of institutional staking options for GRAM on Coinbase Prime represents a game-changing milestone for the token. This development gives institutional players the opportunity to yield returns on their GRAM investments while keeping their assets secure within Coinbase's custody—an attractive proposition for larger funds that adhere to rigorous operational protocols. The capability to delegate tokens without relinquishing custody promises to catalyze GRAM's adoption among institutional investors, with analysts watching closely as this heightened interest from big players could reshape liquidity dynamics and present new growth opportunities in crypto asset management.
The derivatives market continues to show strong participation with open interest in GRAM futures at approximately $27.3 million, representing a 17.9% increase over the last 24 hours. Positioning data suggests traders are adding leveraged exposure as price moves up, with slightly positive funding rates and no signs of extreme long crowding. This implies that leverage is building in line with the breakout trend, making intraday moves potentially sharper as shorts are squeezed or forced to cover on pushes into resistance. The Long Short Ratio remains elevated among Binance's top traders, with ratios holding above two on both OKX and Binance platforms, indicating strong bullish sentiment in the derivatives market.
Technical indicators support the bullish momentum, with GRAM breaking and holding above the key 1.54–1.55 dollar resistance zone on the daily chart. Analysts are mapping upside targets toward $1.69, $1.79, and eventually $2.00 if the current support level holds. The Aroon Up line remains nearly 100% and MACD continues on an upward trajectory, as reported by AMBCrypto. If GRAM surmounts the $1.67 resistance level, traders may then target $1.80 and $1.90, with technical indicators like Fibonacci retracement suggesting these levels could ignite new ambitions. However, the $1.67 mark remains a crucial point of resistance—a line in the sand that traders are fervently monitoring.
