GRAM Faces Key Support as Crypto Markets Shudder

GRAM's price is facing pressure as it approaches key support at $1.36 amidst weak demand for risk assets.

The token's performance will be largely dependent on Bitcoin's price action and the market's reaction to the upcoming U.S. unemployment report due on August 7.

A break below the $1.36 level could expose GRAM to further declines, potentially accelerating its drop towards the $1.28-$1.20 zone.

The RSI (Relative Strength Index) would enter oversold territory if this scenario plays out, potentially signaling a short-term rebound and increasing the risk of a retest of the local yearly low at $1.12.