GRASS surged 30% in one week – Do the indicators reveal the next upward trend?

GRASS has surged nearly 30% in the past week, bringing the market capitalization back to $415 million and for the first time pushing the price above $1.70 since March 10.

This strong growth momentum is reinforced by positive technical signals, including a consistently positive BBTrend and an upward ADX. However, as momentum indicators begin to plateau, the upcoming sessions will be crucial in determining whether GRASS can maintain its upward trend or enter a consolidation phase.

BBTrend of GRASS remains strong but shows signs of slight decline

The BBTrend indicator of GRASS is currently at 11.28, marking the fourth consecutive day in the positive zone, after reaching a peak of 14.85 two days ago.

BBTrend (Bollinger Band Trend) measures the strength of price trends by analyzing the price movement relative to the moving average in the Bollinger Band indicator.

Typically, a value above 0 indicates an upward trend, while a value below 0 signals a downward trend. The higher the index, the stronger the bullish momentum, while a deep negative value reflects significant selling pressure.

The BBTrend index of GRASS | Source: TradingViewWith GRASS maintaining a BBTrend of 11.28, this token is still in a positive upward trend, although it has somewhat cooled compared to its recent peak.

The maintenance of BBTrend in the positive zone usually indicates that the bulls are still in control of the market and the upward momentum may continue.

However, the slight decline from the level of 14.85 may indicate that momentum is beginning to weaken. If BBTrend continues to decline further, this could be an early signal for a period of accumulation or even a trend reversal.

Currently, GRASS is still maintaining its upward momentum, but traders should closely monitor the developments of this indicator to identify any changes in trend strength.

The ADX of GRASS indicates that the uptrend is strengthening

GRASS is on a strong upward trend, with the average directional index (ADX) soaring to 30.31 from 26.49 just a day ago, reflecting an increasing trend momentum.

The Average Directional Index (ADX) of GRASS | Source: TradingViewADX is an important technical indicator that measures the strength of a trend without considering its direction, on a scale from 0 to 100. A level below 20 often indicates a weak or unclear trend, while a value above 25 signals a clearly forming trend.

When the ADX crosses the 30 threshold, it often signifies that the trend has been solidly established and is likely to continue in the same direction. Currently, with GRASS's ADX surpassing this critical level, bullish momentum is becoming stronger, increasing the likelihood that the uptrend will continue to dominate in the short term.

As long as the ADX remains high or continues to rise, the uptrend still has the basis to extend, attracting more interest from momentum traders. Conversely, if the ADX stagnates or decreases, this may signal an upcoming accumulation or correction phase.

GRASS may soon form a Golden cross

The exponential moving averages (EMA) of GRASS are showing signs of a potential golden cross – a bullish signal that occurs when the short-term EMA crosses above the long-term EMA.

If this crossover is confirmed, it could signal the start of a sustainable uptrend. GRASS has the potential to test the nearest resistance level at $1.85, especially as some AI tokens are gradually regaining momentum.

GRASS/USDT 4-hour chart | Source: TradingViewIf the momentum increase from the past week is maintained, the price could reach further levels of $2.26 and even $2.56–$2.79, solidifying GRASS's position as one of the best-performing altcoins in the market.

However, if the trend cannot maintain its upward momentum and market sentiment turns negative, GRASS may retrace to test the support level at $1.63.

Breaking this level could pave the way for a deeper correction, pushing the price down to $1.22.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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