The Grass Price Surge Continues

草價持續上漲

In the past 24 hours, the Grass price has witnessed a remarkable 40% surge, reaching $1.5607 as of 11:23 p.m. EST. Trading volume has also increased significantly by 31% to $298 million, as per CoinGecko.

在過去 24 小時內，Grass 價格大幅上漲 40%，截至晚上 11:23 達到 1.5607 美元。美國東部時間。根據 CoinGecko 的數據，交易量也大幅成長 31%，達到 2.98 億美元。

Bullish Momentum for Grass

草的看漲勢頭

Technical analysis of the GRASS/USDT pair on the 1-hour timeframe reveals a continuous rally since its launch, despite a brief dip to the $0.78 support level. This support has provided a foundation for a rising channel pattern, with crucial support zones within the channel at $0.98 and $1.08.

GRASS/USDT 對 1 小時時間範圍內的技術分析顯示，儘管短暫跌至 0.78 美元的支撐位，但自推出以來持續上漲。這種支撐為上升通道形態奠定了基礎，通道內的關鍵支撐區域為 0.98 美元和 1.08 美元。

The Grass price is currently poised for a bullish continuation, with GRASS exceeding the channel's upper boundary. The price is now trading above the 50-day Simple Moving Average (SMA) of $1.1522, acting as immediate support, indicating further potential for growth.

Grass 價格目前準備繼續看漲，GRASS 已超過通道上限。目前價格交投於 1.1522 美元的 50 日簡單移動平均線 (SMA) 之上，該均線是直接支撐，表明進一步增長的潛力。

Furthermore, the Relative Strength Index (RSI) is approaching the overbought region (70), currently at 80, suggesting strong buying pressure from the bulls. The Moving Average Convergence Divergence (MACD) also supports the bullish sentiment, as the MACD line crosses above the signal line, representing a bullish crossover.

此外，相對強弱指數 (RSI) 正接近超買區域 (70)，目前為 80，顯示多頭施加強勁買盤壓力。移動平均線收斂背離 (MACD) 也支持看漲情緒，因為 MACD 線穿過訊號線上方，代表看漲交叉。

If the bullish momentum continues, the Grass price could rise further, with targets above $2.0 for the bulls.

如果看漲勢頭持續，草價可能會進一步上漲，多頭目標高於 2.0 美元。

Cautionary Note

注意事項

However, it's important to note that the RSI indicates overextended conditions, suggesting the asset may be overvalued. A potential correction to the next support level at $1.152, corresponding to the 50-day SMA, could occur.

然而，值得注意的是，RSI 表明過度擴張的情況，表明該資產可能被高估。可能會出現向下一個支撐位 1.152 美元（對應 50 日移動平均線）的潛在修正。

Alternative Investment Option

另類投資選擇

While Grass continues to surge, investors seeking alternatives may consider Crypto All-Stars (STARS), an innovative new ICO that has secured funding of over $2.95 million.

儘管 Grass 繼續飆升，尋求替代方案的投資者可以考慮 Crypto All-Stars (STARS)，這是一種創新的新 ICO，已獲得超過 295 萬美元的融資。

According to ClayBro, a renowned crypto analyst on YouTube with a significant following, $STARS has the potential to increase tenfold post-launch.

YouTube 上擁有大量追隨者的著名加密貨幣分析師 ClayBro 表示，$STARS 在推出後有可能成長十倍。