GRAM price jumps 10%: is Telegram’s wallet launch just the start?

GRAM has climbed more than 10% over the past 24 hours, rallying from about $1.44 to an intraday high of $1.59 as traders reacted to Telegram's planned rollout of a native non-custodial Gram wallet for its more than 1 billion monthly users.

According to Telegram founder Pavel Durov, the messaging platform will introduce a native Gram wallet inside the app this summer, allowing users to send cryptocurrencies instantly without fees while keeping full control of their assets through a non-custodial design. 

Durov described the launch as the "largest rollout of a non-custodial crypto wallet in human history."

Rather than requiring users to install a separate application, the wallet will be integrated directly into Telegram. 

Although the company has yet to announce a launch date, supported cryptocurrencies, regional availability, or security framework, the announcement has fueled expectations that crypto transfers could become significantly easier for Telegram's global user base.

Speculation around the integration accelerated after Gram's recent rebrand from Toncoin, strengthening the project's association with Telegram's ecosystem. 

Traders have interpreted the wallet rollout as a potential catalyst for higher adoption, with social media discussions focusing on the possibility of Gram becoming a native payment asset within Telegram's messaging platform.

As of publication time, several details remain unresolved. Telegram has not explained how it plans to offer fee-free transfers, whether identity verification will be required for some services, or whether the rollout will happen globally or in stages. 

These unanswered questions mean much of the current rally continues to be driven by expectations rather than confirmed implementation.

Durov's announcement has nevertheless created a strong fundamental narrative for the token. 

Whether the rally continues after the initial excitement fades will depend on the technical rollout, user experience, and actual adoption once the wallet becomes available to Telegram users.

GRAM price analysis: Can the rally continue?

The daily GRAM/USDT chart shows buyers successfully defending the $1.47 area, which aligns with the 0.236 Fibonacci retracements level.

GRAM/USDT 1-day price chart. Source: TradingView.

After bouncing from that support, the token briefly touched $1.59 before giving back part of its gains, suggesting traders locked in profits following the announcement-driven surge.

As per the Fibonacci levels, the first major resistance sits between $1.60 and $1.62, where the 0.5 and 0.618 retracement levels converge. 

A decisive close above that zone could expose the next upside targets near $1.74, followed by $1.84 and $2.14, where the 1.618 Fibonacci extension is located.

Momentum indicators, however, suggest buyers have not fully regained control. The Relative Strength Index (RSI) has recovered to around 45, improving from recent lows but remaining below the neutral 50 level. 

While this indicates selling pressure has eased, it does not yet confirm a sustained bullish trend.

The broader trend also remains challenging. GRAM continues to trade below its 20-day, 50-day, 100-day, and 200-day exponential moving averages, which are clustered around $1.56, $1.63, $1.64, and $1.72.

GRAM/USDT 1-day price chart. Source: TradingView.

Reclaiming the 20-day EMA would be an early sign that short-term momentum is improving, while a move above the 50-day and 100-day EMAs would strengthen the case for a larger recovery.

Volume tells a slightly different story. Although trading activity increased during the latest rally, it remains well below the buying surge recorded during May's breakout. 

At the same time, the On-Balance Volume (OBV) indicator has stayed considerably higher than its pre-May levels, suggesting longer-term accumulation has not completely disappeared despite weeks of price weakness.

As of now, Telegram's wallet announcement has provided a meaningful catalyst for GRAM's latest advance, but technical confirmation is still lacking. 

If buyers can push the token above the $1.60-$1.62 resistance area with stronger volume, attention could turn toward $1.74 and $1.84. 

Failure to hold above $1.47, however, would weaken the recent breakout attempt and could send the price back toward the lower support zone.