Hay prices are up nearly 200% in seven days.

GRASS price surged by 187.99% in the last seven days, seemingly fueled by the success of the airdrop and BTC's new all-time highs. These factors, along with the upcoming GRASS listing on Binance Futures with leverage of up to 75x, have created a wave of bullishness.

However, the current RSI shows that GRASS is still in overbought territory, suggesting caution as buying pressure may fade.

GRASS RSI is above the overbought level.

Following the recent price rally, the RSI for GRASS has risen sharply, reaching 71.8, up from 55 two days ago. This rapid increase indicates strong buying pressure, which pushed the indicator into the overbought zone.

Such rapid activity indicates that GRASS is attracting significant investor interest. It is important to remember that the GRASS RSI reached about 85 days after the airdrop.

The Relative Strength Index (RSI) is a momentum indicator that measures the speed and volatility of price movements. RSI values ​​above 70 indicate that an asset is overbought, while values ​​below 30 indicate that it is oversold. With the current RSI at 71.8, GRASS is in overbought territory, with recent enthusiasm pushing price too far, too fast.

However, since the RSI has been trending lower since yesterday, the buying momentum is fading and it could indicate a cooling period in which a price correction is likely to follow.

Staked GRASS is now stable.

Accumulated shares of GRASS remained steady at 26,600,000 as of November 6th. This stability suggests that the stock movement has settled into a consistent pattern as it has eased slightly from the highs at the beginning of the month.

Recent trends indicate that most of those that were actively moving are now locked in place.

Tracking the dividend yield is critical because it gives investors confidence and a sense of commitment to holding the asset for the long term. A large GRASS share suggests investors are less likely to sell, reducing available supply and potentially increasing price stability. In the year On November 4th and 5th, the amount paid came close to 28 million but later declined and settled to a slightly lower level.

This activity suggests that while initial enthusiasm for gaming may have been strong, some participants may have taken profits or alienated, leaving a stable base of long-term stakeholders. This current stability may reflect a period of consolidation in which committed investors remain steadfast.

GRASS Price Forecast: Possible 28.5% Correction?

Analysis of the GRASS Ichimoku cloud chart shows that the price is well above the cloud, which indicates strong bullishness, because the entire Solana ecosystem is increasing.

The first key support zone is around the top edge of the cloud, roughly at the $2.9 level, which corresponds to where the cloud begins to thicken.

If the price falls further, the lower end of the cloud, around the $2.5 level, will serve as the next significant support. This means that as GRASS is one of the more attention-grabbing coins among the newly launched Solana coins, it could be a 28.5% price correction.

If BTC continues its strong advance and the Binance listing brings strong buying pressure, GRASS may continue to rise, possibly breaking the $4 threshold soon.