Weed Price Prediction: GRASS Rises 8% Amid Airdrop Controversy, But Traders Eye This New ICO With 1,499% APY

The price of weed jumped 8% in the past 24 hours to trade at $0.8491 as of 12:25 a.m. EST on trading volume that increased 125% to $209 million.

The GRASS price rise comes despite technical issues during the Grass network airdrop on Solana, which left many Phantom wallet users unable to access their tokens.

This airdrop, intended to reward the first supporters with 10% of the total offer (100 million GRASS), was marred by operational setbacks, sparking criticism and calling into question the state of preparation of the project.

I can’t pretend $HERB airdrop?

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

-Must have $2-3 worth of SOL in wallet
-To use @Backpack wallet (if Phantom doesn’t work for you)

Please feel free to comment if you… pic.twitter.com/w8gxUP3gUA

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

This incident, coupled with weak market performance and heavy selling pressure, led to disappointments and raised concerns about Grass’s preparedness.

These challenges highlight the need for robust drop infrastructure, an issue seen in other recent launches like Hamster Kombat (HMSTR).

Weed Price Signals Breakout Above Symmetrical Triangle

The 15-minute chart of GRASS/USD shows a symmetrical triangle pattern, suggesting that the price is consolidating and could soon experience a breakout. This trend often indicates an impending move in the direction of the breakout, which could be up or down.

In this case, the blue upward arrows suggest a potential bullish breakout if price moves above the upper trendline of the triangle.

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

GRASSUSD analysis source: Dextools.io

The chart also includes two moving averages, providing insight into support levels. The 50-period moving average (blue line) is currently around 0.778, which is below price and indicates near-term support. The 200-period moving average, while not visible in the immediate price range, would serve as an important support or resistance level over a longer time frame if price approaches it.

Weed Price Technical Data Signals 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, hinting at slight bullish momentum. If the MACD line rises above the zero line, it could confirm increased buying pressure and signal a stronger upward move.

The RSI (Relative Strength Index) currently sits at 56.81, comfortably below the overbought level of 70. This suggests that bulls can push the price of the herb higher before reaching overbought conditions, supporting the possibility of a bullish breakout.

Considering the favorable moving averages, a favorable RSI, and the symmetrical triangle pattern, the pattern indicates the potential for a bullish breakout. For confirmation, watch for an increase in trading volume along the MACD line moving further above the signal line. If a breakout occurs, the price could rise further, potentially targeting levels above $0.90.

Flockerz Presale Surpasses $1.1 Million: The Next Crypto to Explode?

As the price of weed seeks to maintain its upward momentum, even coin rival Flockerz (TROOP) just surpassed $1.1 million in funds raised during its pre-sale.

According to crypto analyst and YouTuber Zeus, with over 79,000 subscribers, $FLOCK “could be huge.”

Flockerz aims to bring true decentralization to the world of coins by incentivizing token holders to participate in its development.

In simple terms, this means that investors in the project 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 holder’s opinion carries weight. Unlike traditional governance models often found in the chaotic coin space, Flockerz guarantees collective decision-making through its vote-to-win system.

Bread stacked for the flock. I can’t stop, I won’t stop! 🥖🐦 pic.twitter.com/mGKTe9CuRv

– Flockerz (@FlockerzToken) October 17, 2024

In this way, Flockerz addresses the common challenge of voter apathy in coin monitoring.

Token holders can also benefit from staking FLOCK tokens, with an annual yield currently standing at a staggering 1,499%.

$FLOCK tokens cost $0.0058862 each and can be purchased with $ETH, $USDT, $BNB or a credit card. Buy before a price rise in about 48 hours to get the best deal.

Buy FLOCK tokens from the official website here.

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