Telegram Renames Toncoin to Gram, Signaling New Era
- Brand Return: Telegram CEO Pavel Durov announced the renaming of Toncoin to 'Gram', a name derived from the original TON whitepaper, symbolizing a return to the project's roots and potentially attracting more user interest.
- Renaming Process: The rebranding is expected to take approximately three weeks, and while the name and ticker will change, technical aspects such as user balances, wallet addresses, NFTs, staking positions, DeFi assets, and smart contracts will remain unaffected, ensuring a seamless user experience.
- Decentralization Advantage: Durov emphasized that TON is one of the world's most decentralized blockchain networks, with Telegram becoming the largest validator, allowing major exchanges and custodians to stake TON without increasing centralization risks, thereby strengthening its market position.
- Community Reactions: The proposed rebranding has sparked diverse interpretations within the community; while some view it as merely a name change, others believe it could be the first step in broader plans, with more proposals supporting Telegram likely to emerge in the future.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 70.968 | 75.039 | 78.858 | 82.929 | 86.748 | 90.819 | 94.638 |
| Fibonacci | 75.039 | 78.053 | 79.915 | 82.929 | 85.943 | 87.805 | 90.819 |
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