The GRASS token has experienced a significant surge in price, increasing by 28.46% over the week. The token's price has climbed from $0.87 to $1.05, demonstrating strong bullish momentum. The token has also seen a 21.35% jump in the last day, indicating high market interest. Investors are now questioning if this rally will continue in the coming days.

The current support level for GRASS is at $0.87, which was a recent low before the token's price began to rise. If the price falls, this level will be an important barrier where buyers can re-enter the market.

At around $1.05, a resistance level has formed, suggesting that sellers may be entering the market. However, if the token breaks through this resistance, it could lead to further upward momentum.

If GRASS surpasses the $1.05 mark, the next target will be $1.10, which is a significant level aligned with psychological trading thresholds. On the other hand, if the token falls, the $0.95 level may provide strong support for the ongoing uptrend.

Data from Coinglass shows that despite the price increase, the derivatives market has shown mixed signals. Trading volume has dropped 24.01% to $301.79 million, but open interest has increased by 57.85% to $43.32 million. This suggests that traders are becoming more engaged, making bets on future price movements.

In terms of long/short ratios, Binance's GRASS/USDT accounts have a ratio of 1.0247, while OKX's GRASS ratio is at 0.6. Liquidations over the past 24 hours total $839.76K, with $306.55K from long positions and $533.21K from shorts.



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