$GRASS Today’s move doesn’t really feel like a pure Meme pump.
What it’s trading on is AI data + DePIN. Simply put, it’s using idle network bandwidth to scrape public web data, which is then used to train AI models. This narrative is something the market is keen to listen to right now.
The charts are looking pretty strong.
The 15-minute candlestick structure has been riding an upward channel all the way from around 0.40 to above 0.55. Right now, it’s not pushing higher but rather consolidating in the range of 0.525 - 0.5588.
This level is quite crucial.
0.5588 is today's peak; if it breaks out with volume, we could see a short-term push towards 0.6.
0.525 is the lower bound of our current range; if it breaks below this, we need to watch for a pullback to 0.50 or even 0.46.
The liquidation data is also interesting.
In the last 24 hours, there have been $1.58 million in liquidations, with shorts getting hit for $1.2 million and longs only $380k. This suggests there’s definitely some short squeeze vibes going on, with shorts taking a bigger hit.
So right now, I’m looking at GRASS, not because of its story being amazing.
There’s a narrative, and money is flowing in, but it has already pumped quite a bit in the short term.
Next, we’ll see if 0.525 holds.
If it does, we’ll continue to grind; if it breaks above 0.5588, then we can look for more strength.
#GRASS #DePIN #Aİ
What it’s trading on is AI data + DePIN. Simply put, it’s using idle network bandwidth to scrape public web data, which is then used to train AI models. This narrative is something the market is keen to listen to right now.
The charts are looking pretty strong.
The 15-minute candlestick structure has been riding an upward channel all the way from around 0.40 to above 0.55. Right now, it’s not pushing higher but rather consolidating in the range of 0.525 - 0.5588.
This level is quite crucial.
0.5588 is today's peak; if it breaks out with volume, we could see a short-term push towards 0.6.
0.525 is the lower bound of our current range; if it breaks below this, we need to watch for a pullback to 0.50 or even 0.46.
The liquidation data is also interesting.
In the last 24 hours, there have been $1.58 million in liquidations, with shorts getting hit for $1.2 million and longs only $380k. This suggests there’s definitely some short squeeze vibes going on, with shorts taking a bigger hit.
So right now, I’m looking at GRASS, not because of its story being amazing.
There’s a narrative, and money is flowing in, but it has already pumped quite a bit in the short term.
Next, we’ll see if 0.525 holds.
If it does, we’ll continue to grind; if it breaks above 0.5588, then we can look for more strength.
#GRASS #DePIN #Aİ