Weed Price Forecast: GRASS Up 8% Amid Airdrop Controversy, But Traders Move To This New ICO With APY 1499%

Grass price is up 8% in the last 24 hours. trade at $0.8491 as of 12:25 pm EST, trading volume was up 125% to $209 million.

The GRASS price surge occurred despite technical issues during the Grass network airdrop on Solana, which prevented many Phantom wallet users from accessing their tokens.

This giveaway, intended to reward early backers with 10% of the total supply (100 million GRASS), was marred by operational setbacks, leading to criticism and questioning the project’s readiness.

Can’t claim $GRASS air distribution?

-> Click “Priority (Fast)” and set to “Turbo”.
-> Click Settings, select Quicknode RPC endpoint.
Click Save and Claim.

-Your wallet should have 2-3$ SOL.
-Use @Backpack wallet (if the phantom does not work for you)

Feel free to leave a comment if you… pic.twitter.com/w8gxUP3gUA

— avinsgolakiya.eth (@Avinsgolakiya) October 28, 2024

This failure, combined with weak market performance and high selling pressure, led to disappointment and raised concerns about Grasse’s readiness.

These issues highlight the need for a robust airdrop infrastructure, an issue that has been seen in other recent launches such as Hamster Kombat (HMSTR).

Grass price signals a breakout above the symmetrical triangle

The 15-minute chart of the GRASS/USD pair displays a symmetrical triangle, suggesting that the price is consolidating and may soon make a breakout. This pattern often indicates an upcoming move in the direction of the breakout, which can be either up or down.

In this case, the blue up arrows indicate a potential bullish breakout if the price rises above the upper trend line of the triangle.

The price is currently at 0.8555 and the chart shows a parabolic curve that has led to the formation of a symmetrical triangle. This parabolic curve indicates strong bullish momentum that could lead to higher prices in the event of a breakout.

Source of GRASSUSD analysis: Dextools.io

There are also two moving averages on the chart that give an idea of ​​support levels. The 50-period moving average (blue line) is currently near 0.778, below the price and indicating short-term support. The 200 period moving average, although not visible in the immediate price range, will serve as a significant support or resistance level over a longer period if price moves closer to it.

Weed price technicals signal further rise

Looking at the MACD (moving average convergence divergence), the MACD line (blue) is slightly above the signal line (orange) with a value close to zero, indicating moderate bullish momentum. If the MACD line crosses the zero line, it could confirm increased buying pressure and signal a stronger move higher.

The RSI (Relative Strength Index) is currently at 56.81, comfortably below the overbought level of 70. This suggests that bulls may push the Grasse price higher before it reaches an overbought state, supporting the possibility of a bullish breakout.

Given the supporting moving averages, favorable RSI and symmetrical triangle, this setup indicates bullish breakout potential. For confirmation, watch for increased trading volume along the MACD line as it moves above the signal line. If a breakout occurs, the price could rise further, potentially reaching levels above $0.90.

Flockerz Presale Tops $1.1 Million: The Next Cryptocurrency to Explode?

As Grass price looks to maintain its bullish momentum, the meme coin rival Flockerz (FLOCK) just surpassed $1.1 million in pre-sale funds raised.

With over 79k subscribers, $FLOCK “could be huge,” according to analyst YouTuber Crypto Zeus.

Flockerz strives to bring true decentralization to the meme coin world by incentivizing token holders to participate in its development.

Simply put, this means that the project’s investors will be rewarded with FLOCK tokens simply for voting on its key decisions.

At the heart of the project is Flocktopia, a decentralized autonomous organization, or DAO, where each owner’s opinion has weight. Unlike traditional governance models that are often found in the chaotic meme coin space, Flockerz enables collective decision making through its earnings voting system.

We collect bread for the flock. I can’t stop, I won’t stop! pic.twitter.com/mGKTe9CuRv

— Flockerz (@FlockerzToken) October 17, 2024

In this way, Flockerz solves the common problem of voter apathy in meme coin oversight.

Token holders can also benefit from staking FLOCK tokens, which currently have a staggering 1499% annual return.

$FLOCK tokens are worth $0.0058862 each and can be purchased with $ETH, $USDT, $BNB or a credit card. Buy about 48 hours before prices increase to get the best deal.

Buy FLOCK tokens on the official website here.

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