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The Grass price has skyrocketed 27% in the last 24 hours to trade at $2.46 as of 3:25 a.m. EST on a 56% pump in trading volume to $173 million.
Grass Price Continues The Uptrend After A Short Correction
The GRASS/USD pair on a 1-hour timeframe shows a strong bullish trend, highlighted by a series of bullish technical patterns.
Around November 6, the price formed a bullish wedge pattern, which led to a breakout as the price action developed a parabolic curve, indicating increasing buying momentum and accelerated gains. Parabolic moves indicate strong demand, but they can also foreshadow a potential pullback if the curve becomes too steep.
Key moving averages reinforce this bullish sentiment, with the 50-simple moving average (SMA blue line) currently providing support around $1.98, and the 200-hour moving average (green line) further below at approximately $1.49, indicating a robust long-term uptrend.
GRASSUSD Analysis Source: Dextools.io
Technical indicators such as the MACD and RSI also support the bullish outlook. The MACD has crossed positively, with the MACD line above the signal line, which points to growing bullish momentum. However, the MACD is near the zero line, indicating momentum is still developing.
Grass Price Indicators Suggest More Bullish Momentum Ahead
Meanwhile, the Relative Strength Index (RSI) sits at around 66.7, approaching the overbought zone (above 70), which signals strong bullish pressure for the Grass price but could hint at a consolidation or minor pullback as buying strength may ease.
GRASS/USD recently reached a high of around $2.72 and is currently trading near $2.66. The upward blue arrow on the chart indicates a potential bullish continuation, suggesting room for further gains.
However, if the price encounters selling pressure and fails to maintain its current highs, it might retest the lower levels in the $2.20–$2.40 range before potentially resuming its uptrend.
The chart reflects a strong bullish breakout, with key support levels around $1.98 (50-hour MA) crucial for sustaining this uptrend.
Crypto All-Stars Presale Passes $3.1 Million – Best Crypto To Buy Now?
As bullish momentum for the Grass price strengthens, new meme coin Crypto All-Stars (STARS) is surging toward $3.5 million in its presale.
Crypto analyst ClayBro, a popular YouTuber with over 130K subscribers, predicts that $STARS could surge by 10X after its launch.
Crypto All-Stars is offering investors a first: the opportunity to stake multiple top meme coins on a single platform and earn rewards in STARS tokens.
It does this via its unique MemeVault ecosystem, which allows users to stake 11 different meme coins immediately upon launch with plans to add more in the coming months
They are Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk.
Investors can also stake STARS itself for a humongous 501% annual return.
Currently priced at $0.0015494, STARS can be purchased using ETH, BNB, USDT, DOGE, FLOKI, PEPE, or SHIB. Act within the next two days to secure tokens before the next price hike.
Visit the official website to buy $STARS tokens here.
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