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Grass

GRASS. Support Tested, Resistance in Sight. 12/24/24BYBIT:GRASSUSDT The asset price has returned to the price range where support from buyers was previously observed. Support is a level where buyers are willing to purchase the asset, halting its decline. In this case, the range is $2.3437–$1.9320, making it a safe zone to accumulate spot positions, at least targeting the nearest resistance level at $3.4860. Opening a swing position can also be considered. I expect a reversal pattern to form at this support level, signaling a potential trend shift from bearish to bullish (the structure currently forming is highlighted on the chart). Projected movement is outlined on the chart. DYOR.
Long
by trendbooster
1
GRASS 1D. Upcoming Airdrop Could Send This Token Soaring Again! The current price is in an accumulation phase, seemingly preparing for a breakout. The project is expected to conduct a second airdrop soon. During the first airdrop, the token’s price surged significantly, from $1 to $3. This time, I don’t expect as dramatic a rise, but I believe the token could reach a value between $5 and $7. Given the upcoming airdrop, I anticipate a potential price increase following this event. DYOR.
Long
by trendbooster
$GRASS to $5$GRASS is on fire right now! The trend is still intact on its bullish momentum, currently trading at $3.30 If price can stay above $3.20 (daily rWAP) , we can see it going to $4.30 to $5 Key support is around $2.92 to $2.83, and $3.5 remains to be the local resistance to break. Since its launch on October 28, 2024, #GRASS has skyrocketed over 320%. With this bullish momentum going strong, we’re aiming for $5 (short-term) As #DePIN gears up to become a trillion-dollar industry, @getgrass_io, already in the top 15 DePIN coins, looks set for massive growth. It’s ranked 130 on CoinMarketCap, but let’s be real—this thing’s got top 20 potential, no matter how crazy the top 20 gets this bull run. This project is absolutely wild. If you've been farming $GRASS, you already know the deal—it’s paying off big time! It’s sitting at around $3.3 per token now, and people have been grinding for months to mine it, with some solid rewards to show for it. The market cap is just $812.86M right now. As of December 15, 2024, the circulating supply of Grass (GRASS) tokens is approximately 243.91 million, representing about 24.39% of the total supply of 1 billion tokens. The token distribution is structured as follows: Early Investors: 252 million tokens (25.2% of total supply), locked with a 1-year cliff and a subsequent 1-year vesting period. Contributors: 220 million tokens (22%), locked with a 1-year cliff followed by a 3-year vesting period. Foundation & Ecosystem Growth: 228 million tokens (22.8%), with 120 million unlocked at the Token Generation Event (TGE), and the remaining locked for 1 year, then linearly unlocking over the next year. Future Incentives: 170 million tokens (17%), estimated to unlock linearly over 3 years. Airdrop One: 100 million tokens (10%), fully unlocked at TGE. Router Rewards: 30 million tokens (3%), fully unlocked at TGE. The next scheduled unlock event is on December 28, 2024, releasing approximately 3.71 million GRASS tokens (0.37% of total supply). These vesting schedules are designed to promote long-term commitment and stability within the GRASS ecosystem.
by Tealstreet
GRASS looks bullish (4H)It seems that a wave X has completed. If a pullback occurs to the green zone, we will enter a buy/long position. The targets are specified on the chart. A daily candle closing below the invalidation level will invalidate this analysis. If it stabilizes on ATH, it can have higher targets For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
GRASS is bullish!!!GRASS/USDT 4H Chart Analysis In this setup, I'm closely monitoring the entry zone marked within the gray box, as I'm expecting a wave 2 retracement based on Elliott Wave analysis. This corrective wave should ideally lead to a reversal, aligning with the continuation of the bullish momentum into wave 3. Key levels to watch: The potential 0.618 - 0.786 Fibonacci retracement zones for wave 2, leading to wave 3 targets between $6.02 and $8.15 . Final wave 5 target at $11.96 , which aligns with the 1.618 Fibonacci extension. The market sentiment and structure remain favorable for another pump, provided we hold the entry zone. I'll update as the price action unfolds.
Long
by chase_ID
5
Grass If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! I'm bullish on $GRASS if it can form an impulse up here and break 3.40. Has been pivoting at the levels I have labeled in the previous charts...check my profile. There is a swift reaction here but it appears to be a Zig Zag correction down atm. So here I am looking for an impulse up for a possibility of continuation. 3.40 is a key component here as well. If it rejects, it could lead to a deeper retracement. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
GRASS Token Surges 14% Following Binance 75x Leverage ListingSolana’s GRASS token has surged by 14% following Binance’s launch of a new 75x leverage perpetual contract for GRASSUSDT, providing traders with fresh opportunities in the crypto derivatives market. Here’s an analysis of what’s propelling GRASS’s recent price momentum and a breakdown of its technical outlook. Binance Introduces 75x Leverage Perpetual Contracts for GRASS, DRIFT, and SWELL In a recent announcement, Binance launched perpetual contracts for GRASSUSDT, DRIFTUSDT, and SWELLUSDT, each allowing leverage up to 75x. This strategic listing opens the door for high-leverage traders looking to capitalize on volatility in Solana’s GRASS token, as well as DRIFT and SWELL. Multi-Asset Mode and Increased Trading Flexibility These new contracts are supported by Binance’s Multi-Asset Mode, allowing traders to use a range of assets, including BTC, as margin collateral. This feature enhances trading flexibility, enabling users to manage margin with reduced risk by diversifying their collateral. Alongside GRASSUSDT, Binance’s Smart Arbitrage program is introducing trading opportunities for XRP and DOGE, featuring up to 20.95% APR on specific holdings. The promotion offers 45,000 USDT in rewards and is expected to attract increased trading volume across these assets until November 21. For high-exposure traders, the inclusion of multi-asset support adds an element of risk management in volatile market environments. Why GRASS is Gaining Momentum 1. Increased Demand from Perpetual Contracts The introduction of the GRASSUSDT perpetual contract has elevated trading interest, sparking a 14% increase in GRASS price. Perpetual contracts allow traders to enter high-leverage positions, driving speculative interest and volume. 2. Solana’s Strength in the DeFi Space As a key token within the Solana ecosystem, GRASS benefits from Solana’s continued expansion in the decentralized finance (DeFi) space. The recent demand increase reflects broader confidence in Solana’s network and its potential to attract a diverse range of projects, from DeFi protocols to meme tokens. By offering leveraged futures on Binance, GRASS now appeals to a wider audience seeking high-risk, high-reward opportunities. Technical Outlook: Currently, $GRASS is trading up by 10% on the 2-hour chart, showing some indications of a temporary pullback. The RSI on this shorter timeframe stands at 59, indicating a slightly overbought state. Analysts suggest that GRASS may be forming a consolidation phase within a falling wedge pattern. This pattern can be indicative of a potential breakout, yet a short-term pullback could occur before the next upward surge. Key Price Levels: Targeting $5 and $10 On a daily chart, GRASS maintains a bullish outlook with an RSI near 60, suggesting ongoing strength across longer time frames. If the price continues its current momentum, it could approach resistance levels at $5 and potentially extend towards $10 if buying interest sustains. Conclusion Binance’s launch of high-leverage perpetual contracts for GRASS has spurred a wave of interest in Solana’s token, evidenced by a 14% price increase. With multi-asset support, attractive funding rates, and a Smart Arbitrage campaign that includes XRP and DOGE, Binance is fostering an environment ripe for high-exposure trading on GRASS.
Long
by DEXWireNews
Grass ($GRASS) Token Surges 272% Since ListingIn a rapidly evolving market, Grass ($GRASS) has emerged as a standout, rallying 272% since its listing and recently climbing to $3 per token—a 58.84% increase in just 24 hours. This ascent has made it one of the top gainers above $400M market cap today, as it gains momentum both in terms of user adoption and trading volume. With a mission to decentralize web crawling and data-sharing, Grass is positioning itself as a game-changer in the AI data ecosystem. Grass Tokenomics Since its debut, Grass has shown remarkable returns for miners and early adopters, making it an attractive asset for crypto investors. Listed initially at $0.83, GRASS surged to an all-time high of $3.03 today, with the current price only slightly lower, down 1.56% from its peak. Grass now holds a market cap of $729.9 million, placing it at #118 on CoinGecko's rankings. With a 24-hour trading volume of $654.2 million, up 68.8% from the previous day, GRASS’s trading activity is intensifying, reflecting heightened investor interest. A notable statistic is Grass’s fully diluted valuation (FDV), currently at $2.99 billion, which represents the theoretical maximum market cap based on the total potential supply of 1 billion tokens. With 240 million tokens circulating today, the high FDV hints at significant market confidence in Grass’s long-term potential as it grows its user base and technical capabilities. The Vision Behind Grass Grass’s project goal is as ambitious as it is groundbreaking. It aims to create the first open, user-owned, internet-scale web crawl—an endeavor that only two companies have previously accomplished at scale. Grass envisions a decentralized network powered by over 3 million active nodes, where users can share their unused bandwidth in exchange for rewards from verified institutions. This process allows users to contribute to AI data collection while being fairly compensated, addressing a crucial need for accessible, high-quality data for machine learning and AI models. By empowering individuals to participate in data collection and incentivizing their bandwidth contributions, Grass could disrupt traditional web crawling monopolies, democratizing internet data and enabling AI research and applications to thrive on a user-owned foundation. Technical Analysis From a technical perspective, Grass shows signs of continued bullish momentum despite its recent rally. At the time of writing, $GRASS is up 13% and maintains a robust Relative Strength Index (RSI) reading of 71, placing it in overbought territory—a sign of strong buying pressure. This elevated RSI, while suggesting a possibility of consolidation, could indicate that Grass still has upward momentum. On the daily price chart, $GRASS appears to be forming a falling wedge pattern. This formation is typically seen as a bullish continuation pattern, which suggests that if $GRASS breaks out from this structure, it could experience another significant surge in price. Analysts are watching closely for a decisive move, as the breakout could offer traders further opportunities for gains. Where to Trade Grass For those interested in trading $GRASS, it is currently available on multiple major exchanges. Bitget is the most active platform, with the GRASS/USDT pair seeing a trading volume of $104.8 million in the past 24 hours. Other exchanges where GRASS can be traded include Bybit and Gate.io, providing ample liquidity for both new and existing investors. Grass vs. the Market and AI Crypto Sector Grass has outperformed both the broader cryptocurrency market and its AI crypto peers over the past week. With a 7-day price increase of 191.4%, GRASS is far ahead of the general crypto market’s 8.9% gain and even surpasses the 4.3% rise seen among other AI-focused cryptocurrencies. This performance further solidifies GRASS as a high-potential asset within the AI crypto segment, attracting attention for its unique approach to decentralized data gathering. Conclusion Grass’s decentralized, user-owned web crawl is a bold initiative that addresses a critical need in the AI and data industries. By enabling millions of users to contribute unused bandwidth for rewards, Grass is crafting a knowledge graph that could rival those of tech giants. With whales accumulating tokens and trading volume on the rise, investor interest is steadily climbing, supporting Grass’s recent rally and positioning it for future growth. While technical indicators like the RSI and falling wedge pattern suggest potential for near-term gains, the broader vision of Grass points to a longer-term shift in the AI data ecosystem. For investors and crypto enthusiasts alike, $GRASS represents an innovative addition to the blockchain space—one that merges decentralized technology with AI-driven objectives, all while rewarding its community for their contributions.
Long
by DEXWireNews
10
Grass price consolidates before the next impulseOne of the few successful listings in recent months was #GRASS 📊 OKX:GRASSUSDT.P price did not repeat the story of “colleagues in the shop” - other "tap" coins, which after distribution and listing fell like a stone into the downtrend, but grew more than 3 times in a few days. What's next? Waiting for the consolidation to end, and: 🐳 Continued growth according to the blue scenario, at least to $2.60 💔 It's dangerous to hold a long below $1.40, as the fall will be in the $0.75-0.85 zone Which scenario do you prefer?
by P_S_trade
7
Why $GRASS is a Cryptocurrency to Watch$GRASS has caught the attention of investors with a unique vision of creating the first-ever user-owned knowledge graph of the entire internet, $GRASS is not just a meme coin; it has the potential to disrupt the industry. Let’s delve into the future prospect of $GRASS to understand its growth potential. Technical Analysis As of now, $GRASS is trading at $1.59 USD, experiencing an impressive 11.10% increase in the last 24 hours. The trading volume has also seen significant activity, with approximately $323,904,947 USD changing hands, indicating strong investor interest. Technically, $GRASS is currently positioned near an ascending trendline. This trendline indicates that the price may continue its upward trajectory, provided it remains above this critical support level. The main support for $GRASS is set at $1.4763, with an additional support level at $1.2391 should the price experience a further downturn. Price Expectations The chart reflects a steady upward trend, supported by the trendline, suggesting that buying momentum remains intact. If this momentum continues, the first target for $GRASS is projected at $2.2, representing a potential increase of 41% from its current price. Furthermore, the Relative Strength Index (RSI) stands at 50, indicating that $GRASS is poised to gather enough momentum to escape the symmetrical triangle pattern forming on the chart. Revolutionizing Web Crawling One of the most compelling aspects of $GRASS is its innovative approach to web crawling. Currently, the network is powered by over 3 million users running nodes to scrape petabytes of data for AI models. Only two companies globally possess the capability to crawl the entire web, and this has formed the backbone of their multi-trillion dollar businesses. The Vision of Grass Grass aims to disrupt this landscape by creating a decentralized, user-owned knowledge graph, fundamentally changing how data is collected and utilized across the internet. As institutional investors increasingly recognize the vision behind $GRASS, this could lead to further interest and investment in the token. Market Sentiment and Future Potential The broader cryptocurrency industry appears to be shifting positively, with institutional investors beginning to understand the potential behind innovative projects like $GRASS. The next pivotal point for $GRASS is set at the $2.6 mark, a move that seems plausible given the ongoing bullish momentum and the strong community backing. Conclusion In conclusion, $GRASS presents a unique opportunity for investors looking to capitalize on a project with both technical strength and a solid fundamental vision. With its innovative approach to web crawling and the potential for substantial price growth, $GRASS is a token worth watching closely. As the cryptocurrency market continues to evolve, $GRASS could very well be at the forefront of this transformation. Investors should conduct thorough research and consider market conditions before making any investment decisions. As always, stay informed and invest wisely!
Long
by DEXWireNews
$GRASS - Will it Continue to Pump?$GRASS has seen an impressive surge in recent days. Since its listing, $GRASS has been pumping, marking it as one of the best-performing mobile mining airdrops lately. Will this momentum continue, leaving all the short-sellers—or 'grass cutters'—caught off guard? Technical Outlook: It failed to break its lower timeframe high and is now retesting the VWAP upper band. The key local resistance is at $1.67. If it fails to break above this level, we may see a move down revisiting $1.30 to $1.20 area (VWAP).
by Tealstreet
Grass: Green? or brown?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Some questionable elliottwave structure in the wave one, but if it can stay above 1.37 here or above, and complete a move past the ath, I would be inclined to say impulse up is completing. 1.70 is the level the bears have to break to keep this party going, so if it does break I will be looking for how it breaks. A flip of the level would be ideal. Trade Safe, Trade Clarity.
Long
by CryptoKnee
$GRASS Surges Amid Airdrop Controversy, Eyeing Bullish BreakoutThe $GRASS token has been making waves in the crypto space, with an ambitious vision to build the internet's first user-owned, open-scale web-crawling network. Aiming to democratize the control of information, Grass Network is setting out to rival the tech giants that currently monopolize web-crawling capabilities, empowering its community of over 3 million users to scrape vast amounts of data for AI applications. Despite facing technical setbacks, recent trading activity and price action suggest the token has strong bullish potential. The Vision Behind Grass Network Grass Network intends to disrupt the centralized control over the internet’s knowledge graph, a lucrative arena currently dominated by only two corporations with the infrastructure to crawl the entire web. Unlike its predecessors, Grass is creating a decentralized, user-owned knowledge graph by mobilizing millions of users as nodes, contributing to a vast pool of internet-scale data for AI models. This transformative vision holds immense potential, as decentralized data access could power AI development while keeping the control in the hands of the community. Recent Price Action and Airdrop Controversy The price of $GRASS has seen volatility following an 8% surge, currently trading around $0.871075. This increase comes on the heels of an airdrop intended to reward early adopters, distributing 10% of the total supply to users on the Solana network. However, the airdrop encountered significant issues: Phantom Wallet, a widely used Solana wallet, faced technical downtime as a result of the surge in demand. Users experienced system crashes, difficulties in accessing their tokens, and inaccurate balances, which prompted criticism of Grass Network’s preparedness for handling large-scale operations. Phantom Wallet has since restored functionality and announced that its team would continue monitoring the situation closely to ensure stability. Despite these issues, trading volume has spiked by 125%, reaching $244 million. The surge in demand indicates strong community interest and engagement, although the technical glitches reveal the challenges Grass Network must overcome to manage such events at scale. Technical Analysis Analyzing the chart, $GRASS/USD is forming a symmetrical triangle pattern—a structure that often precedes a breakout. This pattern suggests price consolidation, potentially leading to a significant upward or downward movement. For $GRASS, several indicators point towards a bullish breakout: 1. Symmetrical Triangle Pattern: The pattern’s upper trendline serves as resistance, and a breakout above this line would signal a bullish continuation. 2. Relative Strength Index (RSI): The RSI currently sits at 53, well below the overbought level of 70. This value implies that $GRASS has room to continue its upward movement before facing overbought conditions, potentially supporting a bullish breakout if volume increases. The Road Ahead: Can $GRASS Reach New Highs? Despite trading at around $0.871075, $GRASS previously saw highs of $10 in pre-market trading on some exchanges, suggesting that investors believe in its long-term potential. The price range of $1 to $2 is within reach, as $GRASS can rally if trading volume and investor interest continue to grow. A breakout beyond the symmetrical triangle's upper boundary could reignite the bullish narrative and lead to a campaign towards $5 in the coming months. Key Price Targets: - Near-term target: $1.00 if $GRASS successfully breaks the upper trendline of the triangle pattern. - Medium-term target: $2.00 if demand remains strong, especially with the increased visibility and interest following the airdrop. - Long-term target: Potential revisit of $5, driven by Grass Network’s success in delivering on its vision and expanding its user base. Conclusion The Grass Network stands as a pioneering initiative, aiming to revolutionize how web data is accessed and owned. Despite facing challenges during its recent airdrop, the network’s decentralized, user-powered vision continues to attract significant interest from the crypto community. With favorable technical indicators and a unique use case that aligns with the decentralized ethos of blockchain, $GRASS has room to grow. Investors should keep a close watch on trading volume, key technical patterns, and updates from Grass Network to assess the potential for further bullish movement. In sum, $GRASS is more than just a cryptocurrency—it represents a shift towards a decentralized, user-controlled knowledge ecosystem. For traders and investors, the current technical setup presents promising opportunities, particularly if Grass Network addresses operational issues and continues to expand its influence in the blockchain space.
Long
by DEXWireNews