CandleFocus GRASS Token’s Price Drops 27% Amidst Increased Selling Pressure
2024-11-13
Author: Content Editor
The price of GRASS, the native token of the DePIN project, reached an all-time high of $3.95 on November 8 but has since dropped by 27%. Several indicators, such as the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF), suggest that selling pressure is increasing, with more token holders selling for profit. Despite this, futures traders are still opening positions in anticipation of a price rebound. If the selling pressure continues, support levels at $2.65 and $2.26 may be tested, with a potential drop to $1.86. However, if sentiment improves, the price could rally past resistance at $3.22 and reach its previous all-time high.
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