- GRASS crypto price recorded an ATH of $3.90 on November 8, 2024.
- Since the launch, the GRASS token price has surged more than 380%.
Grass (GRASS) crypto has seen a remarkable price surge of over 380% since its launch. It has demonstrated significant resilience amid the bullish sentiment emerging in the crypto market.
It has persisted in delivering the outperformance and endured in forming the higher high swings. This week, it registered an ATH mark of $3.90 and was in a strong bullish momentum.
Inside a rising channel, the GRASS crypto has been riding the uptrend. The GRASS price was trading at $3.11 at press time, noting an intraday decline of over 3.20%.
The token’s market cap was $757.20 Million, and the total supply was 1 billion. It ranked 205th among the top crypto coins.
Is it Too Late to Buy GRASS Crypto?
Amidst the latest surge of over 90% this week, the GRASS price surged to an all-time high in a high-volume environment. This week, its trading volume spiked over 210%, displaying investors’ speculation.
The GRASS crypto is available on major crypto exchanges such as Bybit, KuCoin, Gate.io, and OKX. However, it has not been listed on Binance, the biggest crypto exchange in the world.
Meanwhile, there were rising odds that other tier-1 exchanges like Coinbase and Kraken would soon list it. Considering this, buying GRASS crypto at current price levels offers an excellent opportunity to gain significant profits soon.
In a recent tweet, Vladimir said the bears have been in trouble. Furthermore, a massive short covering could be triggered in the upcoming sessions.
Moreover, the GRASS crypto price traded with a bullish bias. The token has rested above the key EMAs and traded in uncharted territory.
GRASS Price Prediction: Decoding the Price Action
GRASS price prediction unveiled a bullish outlook, and the token may continue to spark bullish sentiment. It has traded with a strong bullish momentum and justified the bull dominance.
The uptrend was intact, and the GRASS crypto may accelerate further if it crosses the $4 mark. Meanwhile, a break below the $3 may bring significant declines toward the $2.30 mark in the short term.
The Relative Strength Index (RSI) line rests near the midline region around 59. However, a negative crossover was displayed in the 4-hour timeframe. That implied a caution for the traders.
Notably, the Average Directional Index (ADX) remained neutral. It was close to 50 at press time. This means aggressive buying has decreased significantly. It indicated buyers had booked their partial profits off the table at the highs.
Meanwhile, the Chaikin Money Flow (CMF) indicator reading was above the zero line, around 0.07. This depicted significant inflows entering the market.
The Open Interest (OI) and the token’s price have decreased massively. It conveyed that the traders had unwinded their long positions.
The OI has decreased over 12.20% to $105.29 Million over the past 24 hours. However, the funding rate remained positive. It signified that the demand for the long contracts was still intact.
The immediate support zones for GRASS crypto were $3 and $2.70. At the same time, the upside hurdles were $3.80 and $4.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
