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The Grass price has surged 34% in the last 24 hours to trade at $1.09 as of 7:25 a.m. EST on trading volume that pumped 8% to $173 million.
The GRASS price jump came after the token faced several technical issues with its airdrop, which had earlier caused a steep slump.
Despite the initial setbacks, which affected many users and raised concerns about the project’s stability, the token has since regained momentum as investors seem to be optimistic about the project’s future potential.
Grass Price Poised For A Breakout Above The Resistance level
The GRASS/USD 30-minute chart highlights a clear pattern with key support and resistance levels, backed by the 50-period Simple Moving Average (SMA), MACD, and RSI indicators.
Around $0.90, a strong support level has formed, tested multiple times, and created a double bottom pattern. This setup often signals a potential shift from bearish to bullish momentum, which we see reflected in the recent price bounce. On the upper side, there’s resistance at about $1.10, where the price has hit a ceiling and struggled to break through, showing significant selling pressure at this level.
GRASSUSD Analysis Source: Dextools.io
The 50 SMA, sitting around $0.94, aligns with a mildly bullish trend, as the price remains slightly above it. This moving average could act as a support level if the price dips, possibly helping to sustain upward movement.
Grass Price Bullish Technicals Indicate Mixed Signals
The MACD indicator suggests mild bullish momentum, with the MACD line positioned just above the signal line, though the small histogram bars indicate that the trend isn’t particularly strong. This setup may not be enough to break the resistance without stronger buying volume.
The RSI, currently at 57.47, falls within a neutral-to-bullish zone, indicating moderate buying interest for the Grass price. This reading leaves some room for further upward movement before reaching overbought levels (above 70).
If the price breaks past the $1.10 resistance level, it could confirm a stronger uptrend, possibly targeting the $1.20 range. However, if it fails to push higher and drops below the 50 SMA at $0.94, a retest of the $0.90 support level is possible.
Conversely, if neither buyers nor sellers take control, the price may consolidate within the $0.90 to $1.10 range. Overall, the chart shows cautious bullish sentiment, with a breakout above $1.10 needed to confirm a more decisive upward trend.
Pepe Unchained Storms Past $23.7 Million: Next Crypto To Explode?
As Grass surges, many investors seem to believe that a new PEPE derivative called Pepe Unchained (PEPU) might be the next crypto to explode.
Its barnstorming ICO has swept past $23.7 million in funds raised already, making it one of the biggest meme coin presales ever.
An analyst from the 99Bitcoins YouTube channel, which has over 706K subscribers, said that PEPU could soar 100X after its launch.
Pepe Unchained has captured imaginations because it is developing its own Layer-2 network called “Pepe Chain.” It’s doing that to free the original PEPE from his slow, expensive, clunky home on Ethereum,
Pepe Chain comes with transaction speeds up to 100 times faster, it’s much cheaper and more scalable. And all of that is resonating well with investors.
The project will also make this slick network available to the entire meme coin market. This will give the meme coin space a new platform to help manage the high demand and large number of transactions expected during the next supercycle.
In addition to being scalable, Pepe Unchained will allow for the creation of decentralized applications focused on meme coins.
Recently, the team also introduced a developer grant program to provide financial support to approved applicants who want to build apps on the Pepe Unchained network.
It will also include instant bridging back to Ethereum, a dedicated block explorer, and a staking program with an annual yield of 99%.
It's just…so beautiful.😢
Pepe Unchained, the golden child of the meme coin world. pic.twitter.com/bwd4d7LRu7
— Pepe Unchained (@pepe_unchained) October 30, 2024
There’s still time to buy PEPU tokens, which are currently priced at $0.01199 each. Make your purchase before the price goes up in less than 2 days to get the best deal.
You can buy PEPU tokens here with ETH, USDT, BNB, or a bank card.
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