GRASS is quite interesting in this wave of market activity. The ecological airdrop event combined with institutional funds gradually entering the market has clearly strengthened the technical outlook through dual momentum. MACD has already turned positive, and RSI has surged into the overbought zone, indicating that short-term momentum still appears to be accumulating.
From the data perspective, the current price is around 0.3615 USDT. The first support level is at 0.3242, about 8.83% below the current price. If it drops further, the range between 0.3106 and 0.3126 is also worth paying attention to.
The community's enthusiasm is quite high, liquidity is also increasing, and the overall bullish momentum remains relatively stable. Of course, volatility risks should still be kept in mind, but the overall trend has not been broken at this point.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
9
Repost
Share
Comment
0/400
SocialAnxietyStaker
· 01-08 20:20
MACD turns positive and RSI is overbought, this combo is indeed quite aggressive... but I always feel that this is the easiest time to miss out, it depends on whether institutions are really entering or not.
View OriginalReply0
degenwhisperer
· 01-08 17:36
GRASS this round is really impressive, institutional investors are entering differently, it feels like a new high is about to be broken.
View OriginalReply0
GasWrangler
· 01-08 13:52
tbh that RSI reading is already sub-optimal, you're chasing momentum at the worst possible entry. technically speaking, if you actually analyze the mempool data during these kinds of pumps, the transaction throughput tells a very different story than what your charts are showing. gas inefficient liquidations incoming, mathematically proven.
Reply0
PumpingCroissant
· 01-06 05:20
GRASS this wave really has some substance; institutional entry is just different, but I need to be cautious in the overbought zone.
---
RSI has skyrocketed, are you really not afraid of getting cut?
---
Breaking the 0.3242 line is the real deal; it's too early to say it's stable now.
---
Community enthusiasm is high, but we still need to see if it can hold the 0.3106 level.
---
Dual momentum sounds good, but I still trust the support level more.
---
Institutional funds coming in just means it can go up? Wake up.
---
MACD turning positive, what's so exciting about it? Technical tricks have been deceiving us for years.
---
Liquidity has increased, and so has the efficiency of cutting leeks.
---
With this rhythm, it feels like only a big bearish candle is missing.
---
Let's see if it can hold steady at 0.3615; if it can't, it's a false breakout.
View OriginalReply0
GhostWalletSleuth
· 01-05 20:53
GRASS is really quite particular this time. Institutions are entering the market and airdrops are doubling down. Is there a technical breakout? However, the 0.36 level is a bit too hot. Let's wait and see if it pulls back to accumulate some chips.
View OriginalReply0
GasFeeSurvivor
· 01-05 20:53
Airdrops + institutional entry is still a pretty strong combo, but I usually have a question mark about RSI being overbought.
MACD turning positive is good, but I'm worried it might just be a false signal... AVAX was the same last time.
Whether the 0.32 support can hold is the key; if it breaks, I need to get out quickly.
View OriginalReply0
CounterIndicator
· 01-05 20:52
GRASS has indeed shown some activity these days, but I have to be honest about the overbought situation... Historically, this level is often the most deceptive. Does institutional entry always mean a rise? Not necessarily.
---
Eco airdrop + institutional double kill, sounds good, but I just want to ask who bought the top around 0.35?
---
RSI is overbought and still being hyped, isn't this just a reverse indicator? Haha
---
There are so many support levels, it feels like they're just afraid of a drop, so they've listed them all?
---
Is the liquidity increase real, or is the exchange data misleading?
---
Seeing more and more people bullish, but maybe we should be more cautious.
---
0.3615 doesn't seem to be a key level, better to wait for a break below.
---
What does it mean that institutions are gradually entering? Are they finishing in a month or what’s the gradual approach?
---
High community enthusiasm is of course good, but the real question is: can the hype turn into money?
View OriginalReply0
SerumDegen
· 01-05 20:45
macd positive + rsi overbought = classic setup for the rug pull energy ngl, seen this movie before 🍿
Reply0
MoonMathMagic
· 01-05 20:39
The rhythm of GRASS is indeed exciting, but I'm a bit worried about entering the overbought zone so quickly, as it could easily trigger a pullback that drops straight to 0.32.
GRASS is quite interesting in this wave of market activity. The ecological airdrop event combined with institutional funds gradually entering the market has clearly strengthened the technical outlook through dual momentum. MACD has already turned positive, and RSI has surged into the overbought zone, indicating that short-term momentum still appears to be accumulating.
From the data perspective, the current price is around 0.3615 USDT. The first support level is at 0.3242, about 8.83% below the current price. If it drops further, the range between 0.3106 and 0.3126 is also worth paying attention to.
The community's enthusiasm is quite high, liquidity is also increasing, and the overall bullish momentum remains relatively stable. Of course, volatility risks should still be kept in mind, but the overall trend has not been broken at this point.