GRASS has increased nearly 30% in the past week, with market capital returning to 415 million USD and price surpassing 1.70 USD for the first time since 10/03.
This strong performance is supported by positive technical signals, including continuous positive BBTrend and increasing ADX. However, with volume indicators starting to slightly decrease, the next few days will be crucial in determining whether GRASS will continue its upward trend or enter a correction phase.
GRASS's BBTrend remains strong, but is slightly declining
GRASS's current BBTrend is 11.28, marking the fourth consecutive day in the positive zone, after reaching a peak of 14.85 two days ago.
The BBTrend (Bollinger Band Trend) indicator measures price trend strength by analyzing how far prices move from the medium line in Bollinger Bands.
Typically, values above 0 indicate an upward trend, while values below 0 suggest a downward trend. Higher positive values indicate strong upward momentum, while deep negative values reflect strong selling pressure.
GRASS BBTrend. Source: TradingView.With GRASS's BBTrend maintained at 11.28, the token is still in an upward trend, although slightly decreased from its recent peak.
Continuous positive BBTrend readings often signal that buyers are in control and upward momentum may continue.
However, the slight decrease from 14.85 could suggest that momentum is beginning to decline. If BBTrend continues to decrease, it could be an early sign of potential correction or reversal.
Currently, GRASS seems to maintain its upward momentum, but traders should closely monitor any changes in trend strength.
GRASS ADX shows the upward trend is strengthening
GRASS is currently in an upward trend, with Average Directional Index (ADX) rising to 30.31 from 26.49 just a day ago, indicating that trend momentum is strengthening.
ADX is a widely used technical indicator to measure trend strength, regardless of its direction, on a scale from 0 to 100.
Values below 20 indicate a weak or non-existent trend, while values above 25 show a trend is gaining momentum.
When ADX exceeds 30, it often signals that the trend is becoming solid and may continue in the same direction.
GRASS ADX. Source: TradingView.With GRASS's ADX currently above the 30 threshold, the current upward trend seems to be strengthening. This suggests that upward momentum is consolidating and price action may continue to support the upward trend in the short term.
As long as ADX remains high or continues to increase, the trend is likely to be maintained, attracting interest from momentum traders.
However, if ADX begins to stabilize or reverse, it could signal a slowdown or correction phase ahead.
GRASS may soon form a new Golden Cross
GRASS's Exponential Moving Average (EMA) is showing signs of a potential golden cross, a bullish signal occurring when the short-term EMA crosses above the long-term EMA.
If this crossover is confirmed, it could mark the beginning of a sustainable upward trend. GRASS is likely to test the immediate resistance level at 1.85 USD as some artificial intelligence coins begin to recover good momentum.
GRASS Price Analysis. Source: TradingView.If the upward momentum from last week continues, the token could push higher to 2.26 USD and ultimately 2.56 USD or 2.79 USD, potentially consolidating its position as one of the best-performing altcoins in the market.
However, if the trend does not hold and sentiment shifts to decline, GRASS may drop to retest support at 1.63 USD.
A break below this level could open the door to a deeper correction, potentially pushing the price down to 1.22 USD.
