- The GRASS token is up 28.46% this week, signaling sturdy bullish momentum.
- Key assist at $0.87 and resistance at $1.05 information potential worth actions.
- Regardless of the drop in quantity, open curiosity rose 57.85%, indicating dealer engagement.
The GRASS token caught the eye of buyers with a formidable 28.46% enhance this week. The value climbed from round $0.87 to $1.05, demonstrating vital bullish momentum.
Within the final day alone, the token has jumped 21.35%, indicating sturdy market curiosity. As buyers analyze present worth traits, many are questioning if this rally can proceed within the coming days.
The present assist degree for GRASS is round $0.87. This level was a latest low earlier than the token's upward trajectory started. If the worth falls, this degree can be a significant barrier the place consumers can re-enter the market.
Moreover, a notable resistance degree has fashioned at round $1.05. Right here, worth motion seems to be slowing down, suggesting sellers could also be intervening. A break above this resistance may see the token rise additional.
If GRASS makes a convincing transfer above $1.05, the subsequent goal is more likely to be $1.10. This degree is critical as a result of it aligns with psychological buying and selling thresholds. Nevertheless, if the token falls, the $0.95 degree can act as a robust assist, offering assist for a continued uptrend.
Derivatives knowledge evaluation
Regardless of the spectacular worth enhance, the derivatives market confirmed combined indicators, in response to knowledge from Coinglass. Complete buying and selling quantity fell 24.01% to $301.79 million.
Nevertheless, this drop got here alongside a big enhance in open curiosity, which skyrocketed by 57.85% to $43.32 million. This enhance signifies that merchants have gotten extra concerned and putting bets on future worth actions.
When it comes to lengthy/quick ratios, Binance GRASS/USDT accounts have a ratio of 1.0247. In the meantime, OKX GRASS ratio is 0.6. A have a look at liquidations reveals fascinating traits throughout totally different time durations. In 24 hours, liquidations reached a complete of 839.76 thousand {dollars}. Of this quantity, $306.55 thousand was from lengthy positions, whereas $533.21 thousand was from quick positions.
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