Why is GRAM price going up today as Telegram wallet adoption surges?

Gram (GRAM) price has risen 4.4% over the past 24 hours to $1.18 on November 12, supported by renewed interest in Telegram's cryptocurrency ecosystem and bullish comments from its founder, Pavel Durov. GRAM price rose 4.4% over the past 24 hours to $1.18 after recovering from a November 9 low near $1.00 and briefly reaching $1.25. Telegram founder Pavel Durov predicted that GRAM could become one of the three largest cryptocurrencies as wallet activations reportedly surpassed 1 million within 48 hours. GRAM's technical indicators show improving momentum, although the token remains below its 50 day exponential moving average near $1.27. Immediate resistance stands between $1.20 and $1.23, while $1.12 and $1.06 remain important support levels if the recovery loses momentum.

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