GRASS Coin began trading on the Arkham Exchange at 12 PM EST on June 24, with both spot and perpetual markets opening simultaneously. The listing followed a steep decline in price, falling over 45% from a June high of $2.20 to a low of $1.17 on June 23.
By June 24, GRASS coin traded near $1.18, attempting to regain lost ground after the recent sell-off. However, technical levels continue to limit upside movement.
Despite the modest recovery, GRASS trades below important short-term moving averages. The 20-EMA sits at $1.19, the 50-EMA at $1.32, and the 100-EMA at $1.50—each forming resistance for any attempted breakout.
The Relative Strength Index (RSI) has climbed from oversold levels and currently reads 44.5. Although sellers have slowed down, momentum has not shifted in favor of buyers.
GRASS coin price remains trapped below a descending trendline stretching from the $2.20 peak. The next critical test lies at $1.32, where this trendline intersects with the 50-EMA. A clean break above this level could pave the way toward $1.50 and potentially $1.60, where prior consolidation occurred.
Until that breakout occurs, the bias remains neutral to bearish. If GRASS fails to hold above the $1.10 support region, the next lower target falls between $0.98 and $1.00, where price last stabilized in May.
Traders Add Leverage as Open Interest Rebounds
While spot prices struggle below technical resistance, derivatives markets have shown some positive signs. Open interest in GRASS futures has climbed to $106.5 million, recovering from a recent low of $85 million earlier this month.
This rise in open interest suggests fresh capital entering the market. Liquidation heatmaps show a shift toward long positioning, with a reduction in short pressure. The funding rate remains near 2.6, indicating a balanced market outlook. Despite this shift, most positions remain below the $1.32 resistance level.
Earlier signals of large-holder accumulation now appear to have given way to outflows. On-chain data recorded a $200,000 net inflow on June 11—suggesting positioning ahead of the Arkham listing. However, updated 24-hour heatmap data from Bybit now shows a net outflow of $118,790, despite $4.35 million in total volume.
This divergence between high volume and negative inflow points to sell-side pressure during the listing window, as more capital exited than entered. Additionally, hourly volume has dropped to $100,000, showing a lack of follow-through from retail or institutional buyers.
Grass Network Data Throughput Rises, But Price Didn’t
The GRASS network handled over 57 million gigabytes of public data in the first quarter of 2025. In March alone, daily scraping volume averaged around 1.1 million GB. A recent update confirmed that over one billion public videos have been added to the GRASS dataset.
Despite this level of throughput, the token’s market price has not responded in line with activity on the network. Most short-term traders remain focused on chart structure and exchange metrics.
