Grass, one of the most remarkable Altcoin projects of recent days, has re -entered the investors’ radar. Grass, which gained 30 %in just a week, carried its price above $ 1.70 and has seen its highest level since March 10th. The market value was based on $ 415 million again. Strong signals in technical indicators show that this rise can continue. However, some signs also say that care should be careful in the short term.
Grass Altcoin maintains its bbTrend power but there is a slight retreat
Grass’s BBTREND data is still strong. BBTREND, currently at 11.28, has managed to stay in the positive area on the fourth day. This value, which climbed until 14.85 two days ago, shows that a strong procurement pressure is still effective.
BBTREND reflects the power of the trend by measuring how far the price moves from the average within the Bollinger bands. Positive values show print and rise, and negative values show sales pressure. Therefore, a high level of 11.28 proves that a strong rise trend continues. However, there is a remarkable detail: In recent days, BBTREND data has declined from the summit a little. This may indicate that the acceleration begins to slow down. If BBTREND falls further, it may be raised that the price is entering or withdrawing the consolidation process.
ADX Power Power Winning Trend
Another important signal comes from ADX data. Grass’s ADX value rose from 26.49 to 30.31 in one day. This shows that the rise trend is not only continuing, but also strengthened.
ADX (Average Directional Index) is a critical indicator that measures how strong it is independent of a trend. While the 25 level of 25 points to a strong trend, the values over 30 indicate that the trend is now strengthened. These data suggest that Grass’s upward movement can gain further acceleration.
If the ADX level continues to increase, the purchase may take the appetite and attract momentum investors. However, if the ADX remains constant or starts to decline, the market may want to get a little breath.
Golden Cross is approaching: Can the new rally start?
Finally for Grass, the eyes are in the EMA (exponential moving average) indicator. The “Golden Cross” signal formed by the short -term EMA’s long -term EMA’s upward cutting. If this intersection occurs, a new wave of rise may begin in the market.
In this case, Grass’s first target may be $ 1.85 resistance level. This target is quite likely, especially with the recovery of artificial intelligence themed subcoins. If this level is exceeded, $ 2.26 and then $ 2.56 – $ 2.79 may also come to the table.
However, in a scenario otherwise, if the market feeling weakens, the price can re -test $ 1.63 support. If this level goes down, the decrease may deepen up to $ 1.22.
Grass has started a careful but optimistic waiting process for Grass investors. Although technical signals may seem positive, the eyes will be in market movements that will occur in the next few days.
