Deep Dive
1. Technical Resistance (Mixed Impact)
Overview: GRASS is consolidating in a falling wedge pattern between $0.60–$0.85 (CoinMarketCap). The price currently trades below the 7-day SMA ($0.78) and 30-day EMA ($0.83), signaling short-term bearish momentum.
What this means: While the MACD histogram turned positive (+0.0188), the RSI (46.74) remains neutral, reflecting indecision. A break above $0.80 could trigger bullish momentum, but failure risks a retest of $0.60–$0.65 support.
Key metric to watch: Daily closes above $0.80 (23.6% Fibonacci level) or below $0.71 (50% retracement).
2. Token Unlock Concerns (Bearish Impact)
Overview: GRASS has 29% of its supply unlocked, with a major release scheduled for October 2025. Past unlocks (e.g., June 30, 2025) correlated with price dips due to sell pressure from early contributors.
What this means: Investors may preemptively reduce exposure to avoid dilution risks. Despite a 55% surge in 24-hour trading volume ($48.7M), turnover remains moderate (0.26), indicating thin liquidity amplifying volatility.
Key metric to watch: Circulating supply increases and exchange inflow spikes ahead of October’s unlock.
3. Solana Ecosystem Sentiment (Mixed Impact)
Overview: GRASS’s DePIN/AI narrative ties it to Solana’s growth. While Solana-based tokens like GRASS surged in July 2025 after DeFi Development Corp’s $100M investment plan, recent skepticism (e.g., -9% stock drop post-announcement) has cooled momentum.
What this means: Institutional hesitation toward Solana projects creates uncertainty. However, GRASS’s user base (2M+ across 190 countries) and AI data partnerships (Polychain Capital) offer long-term upside.
Key metric to watch: Solana’s TVL and developer activity trends.
Conclusion
GRASS’s dip reflects a mix of technical resistance, unlock anxieties, and broader Solana ecosystem volatility. While the project’s AI/DePIN fundamentals remain strong, short-term risks dominate.
Key watch: Can GRASS hold $0.71–$0.75 support, or will October’s unlock fears drive further profit-taking? Monitor Solana’s ecosystem momentum for directional cues.