Latest Datagram Network (DGRAM) Price Analysis

Deep Dive

1. Post-Airdrop Sell Pressure (Bearish Impact)

Overview: DGRAM’s price drop coincides with the conclusion of Binance Alpha’s BNB Smart Chain Trading Competition on Dec 10, which rewarded top traders with 89,998,000 DGRAM (Binance). Similar sell-offs occurred after earlier airdrops by Gate and Bitget in November.

What this means: Airdrop recipients often sell tokens immediately to lock in gains, especially in bearish markets. With DGRAM’s circulating supply at 2.09B tokens, the influx of ~90M new tokens (4.3% of supply) likely overwhelmed buy-side liquidity.

What to watch: On-chain data for spikes in exchange inflows or large wallet distributions.

2. Weak Technical Structure (Bearish Impact)

Overview: DGRAM trades below all key moving averages (7-day SMA: $0.0054754 vs. current $0.00464), while the RSI-14 at 31.95 hovers near oversold territory but lacks bullish divergence.

What this means: The absence of a bullish RSI reversal suggests sustained selling pressure. High turnover (30.92x) indicates traders are rapidly exiting positions, fearing further downside. A break below $0.0045 could accelerate declines.

Key level: $0.0045 (psychological support); a close above $0.005 (7-day EMA) needed for short-term relief.

3. Risk-Off Altcoin Sentiment (Bearish Impact)

Overview: Bitcoin dominance rose to 58.44% (up 0.14% weekly), reflecting capital rotation away from altcoins. The crypto Fear & Greed Index at 30/100 (“Fear”) and $1.32T in derivatives open interest (+6.88% 24h) signal leveraged traders favoring stablecoins or BTC.

What this means: DGRAM, as a low-cap altcoin, is disproportionately hit by macro risk aversion. Its -55% 30d return aligns with the “others” dominance category dropping -3.09% monthly.

Conclusion

DGRAM’s decline stems from a trifecta of airdrop-driven supply shocks, weak technicals, and a risk-averse market favoring Bitcoin. While oversold conditions could prompt a bounce, the token remains vulnerable until broader sentiment shifts or demand absorbs unlocked supply.

Key watch: DGRAM’s trading volume and BTC dominance trends over the next 48h – a drop below 58% BTC dominance could signal altcoin buying opportunities.

Deep Dive

1. Exchange-Driven Demand (Bullish Impact)

Overview: Binance launched a BNB Smart Chain Trading Competition (Nov 26–Dec 10) where DGRAM is one of three tokens users can trade to earn rewards. Top 8,500 traders by volume split 89.9M DGRAM (~$553K at current prices).

What this means: Competitions incentivize higher trading activity, creating artificial demand. DGRAM’s 24h volume surged 10.95% to $307M, supporting price momentum. However, rewards are distributed post-event, risking sell pressure afterward.

What to watch: Competition end date (Dec 10) and post-event token unlocks.

2. Technical Rebound (Mixed Impact)

Overview: DGRAM’s 14-day RSI hit 38.05 (near oversold levels), while the 7-day SMA ($0.00554) crossed above the current price ($0.00615).

What this means: Traders often interpret oversold RSI levels as buying opportunities. The SMA crossover suggests short-term bullish momentum, though the 30-day price remains down 40.83%, reflecting broader bearish sentiment.

Key level: A sustained break above the 30-day SMA ($0.0065) could signal trend reversal.

Conclusion

DGRAM’s rebound aligns with exchange-driven speculation and technical buying, but its long-term downtrend (-40% monthly) and high circulating supply (57.5% of 10B tokens) pose risks.

Key watch: Will Binance competition inflows offset post-event sell-offs? Monitor trading volume and RSI stability near 50.