Grass Price Prediction: GRASS Plunges 17% As Pepe Unchained Races Toward $25 Million In Presale
Release: 2024/10/31 00:19 Reading: 945
GRASS Price Outlook: Potential Reversal Signals Emerge
GRASS/USD has declined 17% in the past 24 hours, trading at $0.8184 with a 27% drop in volume.
Major Support May Signal Rebound
The 30-minute chart indicates potential bullish and bearish signals. The price hovers above critical support at $0.80, forming a double bottom pattern. A break above nearby resistance may indicate bullish reversal.
Bearish Momentum per Sists
However, short-term momentum remains bearish, with a downward-trending 50 Simple Moving Average (SMA) above the current price. This level may provide resistance to a rebound.
Divergence in Technical Indicators
The Moving Average Convergence Divergence (MACD) indicator suggests bearish sentiment, while the histogram shows diminishing red bars, hinting at weakening bearish pressure.
The Relative Strength Index (RSI) is nearing the oversold threshold of 30, indicating a potential rebound if buyers step in at the support level.
Target Levels
If a rebound occurs, the 50 SMA at $0.90 is the first target, with further potential to $0.9667. Conversely, a break below $0.80 support may lead to further downside movement.
Pepe Unchained: A Rising Cryptocurrency
Investors are buying $PEPU, a meme coin that has raised over $23.5 million in its presale. Analysts predict potential 1000x gains.
PEPU features a Layer 2 blockchain for faster transactions and lower gas fees than Ethereum. It is compatible with Ethereum apps, offering the benefits of both ecosystems.
PEPU also has a developer grant program and offers staking with a 100% annual return. The token can be purchased using various methods, and the price will increase soon.
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