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GRAM drops 11% in an hour, breaking key support and triggering $5.83M in long liquidations

Technical Signals
24 Oct 2026
AMBCrypto
View Source
Bearish
GRAM drops 11% in an hour, breaking key support and triggering $5.83M in long liquidations

GRAM, formerly known as Toncoin, experienced a sharp 11% price drop within one hour on October 23, falling from $1.30 to $1.15 and breaking a key support zone held since August. This triggered $5.83 million in long liquidations, signaling strong selling pressure and buyer exhaustion. Technical indicators suggest bearish momentum, with the former demand zone now acting as resistance. Traders are advised to watch for a potential short-term bounce to the $1.30-$1.35 supply zone before another downward move, while a recovery above $1.36 could lead to a temporary rally to $1.50-$1.60.

GRAM's market cap stands at Rp64.38 trillion with a 24-hour trading volume of Rp2.01 trillion as of Oct 24, 2026, 20:21 WIB. On Pluang, GRAM is priced at Rp22,600, down 4.57% in the last day, while order activity shows a majority of 62% buyers versus 38% sellers. The typical holding period for GRAM on Pluang is 11 days, indicating moderate investor engagement following recent volatility.

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