The GRAM rebounded in early July, after the token fell to US$ 1.48 in June. With the overall warming of the encryption market, the GRAM has accumulated around 20 per cent in the recent past, and the short-line movement has received renewed attention.
2.27 The dollar becomes the short-line focus
At present, the market is primarily concerned with the $2.27 dollar line. If the purchase was to continue in July, GRAM might be testing this position again; if it was broken, there would be an opportunity to look further at $3.48.
However, if $2.27 remains unrecovered, the GRAM movement may be redirected and short-line kinetic energy may be reduced.
On July 27th, a token will be released.
In addition to the rebound in prices, the market is also concerned about the end-of-month de-locking arrangements. According to Coinglass data, 2.8 million GRAMs will be unlocked on 27 July, or approximately $5.04 million by medium calibre.
- Number of unlocked: 2.8 million GRAM
- Unlocked: July 27
- Corresponding value: approximately $5.04 million
The unlocking of tokens usually means increased supply in circulation. Such events often put additional pressure on prices in the absence of simultaneous expansion of demand, and therefore pre-lock market performance was particularly critical.
The chain's still growing.
In basic terms, GRAM ' s ecological chain of activity has continued to grow. The data show that the cumulative number of transactions on the network has reached 3.170 billion, with a daily average of nearly 3 million transactions.
User participation also continues to increase. The number of addresses increased from 175 million in March to 187 million in July, indicating that the use of the network is still growing.
On the whole, the GRAM movement in July is faced with two forces: price rebounds and chain dynamism on the one hand, and new supply at the end of the month on the other.