Market Update

The prices of grass encryption rise with an extensive daily data increased at all

The price of the distinctive code for encryption in the grass continued this week and reached its highest level since March 6 this year, as its intensive data jumped to a record level.

herb (herbIt rose to $ 2.4078, an increase of approximately 70 % of its lowest monthly level, thus increasing the market value to more than $ 578 million. The daily trading volume jumped by 215 % to 151 million dollars.

According to GrassThe broken daily data jumped to a record level of 1762 terabytes, up from the lowest level in this week of 200 TB. The previous daily record was 1.745 TB in March.

GRSS uses the unused online domain display from user (or contract) devices to discover data available to the public from web sites such as Wikipedia and New York Times. Then this data is used to train artificial intelligence models, allowing them to access public information in actual time.

In contrast, Foundation Grass Foundation is equivalent to two million members with the distinctive grass codes, creating a useful environmental system for both parties.

Meanwhile, Coinglass data shows that the demand for the Crypto Grass icon has also increased in the futures market, as it has reached its highest level at $ 152 million, mainly driven by activity on bybit, followed by Binance.

Grandic encryption price analysis

Grand price scheme source: Crypto.News

The four -hour graph shows that the grass has risen to $ 2.3875, which is its highest price since March 6. It collapsed above the main resistance level at $ 2.00, and was previously above April 2.

The grass also exploded from a green similar triangle, confirming a bullish step. It is now circulating over the moving average 50 periods, while the relative strength index entered its arrest area.

Therefore, the most likely scenario is the place where the grass currency is declining and the psychological point is re -testing at a price of $ 2, then the upper direction resumes. More gains may see that it jumps to its highest level at $ 3.85, an increase of 70 % of the current level.

The bullish expectations of the grass coin will be nullified if they are less than $ 1.50, which corresponds to the meeting of the triangular trend lines.

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