Crypto
Gram (TON) Faces Retest as Momentum Flatlines Amidst Supply Event
The Gram token (TON) is trading at $1.60 on Binance after a significant supply event, but its momentum has flatlined and it faces a high-probability retest of $1.55, $1.57 support before any recovery.
The token absorbed 36.58 million GRAM from the TON Believers Fund on September 22, worth approximately $52.68 million, which represented roughly 83% of a full day's traded volume.
The broader market backdrop isn't doing TON any favors either: Bitcoin got rejected hard at $87,000 and has since slid back toward $84,000, triggering long liquidations in the past 24 hours.