{"id":1068,"date":"2024-11-04T06:00:20","date_gmt":"2024-11-04T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/grass-token-fails-to-break-2-level-is-it-time-to-buy\/"},"modified":"2024-11-04T06:00:20","modified_gmt":"2024-11-04T06:00:20","slug":"grass-token-fails-to-break-2-level-is-it-time-to-buy","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/grass-token-fails-to-break-2-level-is-it-time-to-buy\/","title":{"rendered":"GRASS Token Fails To Break $2 Level \u2013 Is It Time To Buy?"},"content":{"rendered":"

GRASS token, one of the latest DePIN projects, attracts significant attention from analysts and the investing public. As a Layer-2 platform on the Solana blockchain, the Grass platform allows users to share unused internet bandwidth to train AI models using a browser extension. With its promising technology, it\u2019s no surprise that its token launch and airdrop last October 28th was highly anticipated.<\/p>\n

While the airdrop was marred by a few issues, including a three-hour outage, the token\u2019s price rally succeeded. Last October 29th, the token peaked at October 29th, then made a massive rally from October 31st until November 2nd, breaching the $1.50 level.<\/p>\n

After hitting a high of $1.9175 on November 2nd, it has slowed down, settled below the $1.75 level, and now trades at the $1.45 level.<\/a> GRASS has rejected the $2 price, with analysts seeing a deeper pullback\u2014so, is this the right time to buy?<\/p>\n

\"\"<\/p>\n

A Rough Start For GRASS<\/strong><\/h2>\n

Trading for GRASS started on October 28th, but a few issues delayed the token\u2019s airdrop and launch. The team recorded technical issues,<\/a> including users being prevented from accessing their tokens on their Phantom wallets. Also, the rush to claim the tokens was marred by the three-hour power interruption. Furthermore, some users reported flagged transactions, and many were disqualified from the airdrop.<\/p>\n

\n

WTF is this @getgrass_io<\/a> @grassfdn<\/a> I’m using it since Epoch 1 and after 10 months of using, it is saying that your wallet is not eligible?? Really?#grassairdrop<\/a> #grassfoundation<\/a> #grassSCAM<\/a> pic.twitter.com\/wt7BWPBI1R<\/a><\/p>\n

\u2014 Phantom Soul (@PhantomSoulll) October 28, 2024<\/a><\/p>\n<\/blockquote>\n

A total of 1 billion GRASS tokens were circulated, and 10% were given to early supporters and contributors. It\u2019s still too early to see the full extent of these issues’ effect on GRASS, but the token started well price-wise.<\/p>\n

<\/p>\n

Token Tries To Breach $2<\/strong><\/h2>\n

It\u2019s challenging to make sense of GRASS’s price action since it only launched a few days ago. However, analysts see a bullish trend on the chart\u2019s lower timeframes. The token boasts above-average volume in the last 24 hours.<\/p>\n

Also, the token\u2019s on-balance volume and price increased starting October 30th. In short, there was buying pressure for the token, suggesting that price gains may happen soon.<\/p>\n

However, GRASS rejected $2, making it the token\u2019s short-term psychological resistance. Analysts said the price could dip to $1.75 since the RSI reflects a bearish divergence.<\/p>\n

\"\"<\/p>\n

Other Analysts See A Deeper Dive For GRASS<\/strong><\/p>\n

Based on the technical charts, the analysts found two notable liquidity pools<\/a> at prices of $1.56 and $1.96. The current price is currently closer to the liquidity pool at $1.56, with the token appearing to reject the $1.96 level.<\/p>\n

Since there\u2019s a bearish momentum and a liquidity pool at $1.56, traders and holders can expect a price dip below $1,75. Swing traders and new buyers who want to enter a position can wait for the token\u2019s retesting of $1.56 or even $1.4.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

GRASS token, one of the latest DePIN projects, attracts significant attention from analysts and the investing public. As a Layer-2 platform on the Solana blockchain, the Grass platform allows users to share unused internet bandwidth to train AI models using a browser extension. With its promising technology, it\u2019s no surprise that its token launch and…<\/p>\n","protected":false},"author":1,"featured_media":1069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12,253,51,55,875,876,877,109],"class_list":["post-1068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-altcoins","tag-blockchain","tag-crypto","tag-cryptocurrency-market-news","tag-depin","tag-grass","tag-grass-token","tag-solana"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1068"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1069"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}