GRAM, formerly known as Toncoin, fell 5.77% over the past 24 hours before dropping 11.08% in one hour on October 23, from $1.30 to $1.15. The break of the $1.30 to $1.35 demand zone triggered a cascade of long liquidations totaling $5.83 million across exchanges, compared with just $240,300 in short liquidations. Buyer exhaustion, weak buying volumes and a bearish crossover of the four-hour MACD reinforced the downward momentum. Traders may wait for a rebound toward the former demand zone, now a resistance level, to sell; however, a sustained recovery above $1.36 could open the way toward $1.50 to $1.60.
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