Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»GRASS price soared almost 200% in 7 days.
TRADING NEWS

GRASS price soared almost 200% in 7 days.

By Crypto FlexsNovember 9, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
GRASS price soared almost 200% in 7 days.
Share
Facebook Twitter LinkedIn Pinterest Email

The recent price surge of GRASS, up 187.99% over the past 7 days, appears to have been fueled by the success of the airdrop and BTC’s new all-time high. These factors, along with the listing of GRASS on Binance Futures with up to 75x leverage, have created a wave of bullish momentum.

However, the current RSI shows that GRASS is still in overbought territory, suggesting caution may be needed as buying pressure may weaken.

GRASS RSI is above overbought level.

GRASS’s RSI has surged significantly since the recent price increase, rising to 71.8 from 55 just two days ago. This sharp rise signals strong buying pressure, which has pushed the indicator into overbought territory.

This swift move highlights that GRASS is receiving increasing attention from investors. It is important to remember that GRASS RSI reached approximately 85 just a few days after the airdrop.

Grass RSI. Source: TradingView

The Relative Strength Index (RSI) is a momentum indicator that measures the speed and change in price movements. An RSI value above 70 generally indicates that the asset is overbought, while an RSI value below 30 indicates oversold conditions. With an RSI currently at 71.8, GRASS is in overbought territory, which suggests that the recent mania may have pushed the price too far, too fast.

However, since RSI has declined significantly since yesterday, this could indicate a potential cooling off period with buying momentum waning and a price correction imminent.

Staked GRASS is now stable

Cumulative staked GRASS has remained stable at 26,600,000 since November 6th. This stability indicates that staking activity has settled into a consistent pattern after a slight decline compared to highs earlier this month.

Recent trends indicate that most people who were actively staking are now locked into their positions.

Cumulative staked GRASS.
Cumulative staked GRASS. Source: Dune

Tracking staked coin metrics is important because it provides insight into investor confidence and willingness to hold their assets for the long term. The higher the amount of GRASS staked, the less likely it is for investors to sell, meaning less available supply and potentially more price stability. On November 4th and 5th, the staked amount reached 28 million, but then decreased and stabilized at a slightly lower level.

This move means that while enthusiasm for staking was initially strong, some participants took profits or exited, leaving the base of long-term stakers more stable. This current stability may reflect a period of consolidation with committed investors entrenched.

GRASS Price Prediction: Potential 28.5% Correction?

If we analyze the GRASS Ichimoku Cloud chart, we can see that the price is much higher than the cloud, which suggests strong bullish momentum as the entire Solana ecosystem appears to be very active.

The first major area of ​​support is around the upper edge of the cloud, roughly around the $2.9 level, and coincides with the point where the cloud begins to thicken.

GRASS Ichimoku cloud chart.
GRASS Ichimoku cloud chart. Source: TradingView

If the price falls further, the lower edge of the cloud near the $2.5 level will act as the next important support level. This means that a potential 28.5% price correction is possible as GRASS becomes one of the more interesting coins among the newly launched Solana coins.

If BTC maintains strong momentum and the Binance listing puts strong buying pressure, GRASS could continue its upward trend and possibly break the $4 threshold soon.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What should I do with encryption?

June 30, 2025

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025
Most Popular

TokenBuilder Announces 2025 Forecast for AI Integration and Fair Token Offering

December 17, 2024

Crystal Intelligence estimates that cryptocurrency hacks have cost the industry approximately $20 billion.

June 12, 2024

USDT, USDC, FDUSD: Comparison analysis of major stablecoins

October 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.