GRASS token surged over 27% as it led gains in the infrastructure sector, driven by heightened sentiment around an 'infrastructure supercycle.' The token's daily trading volume spiked by 256% to $52 million, reflecting increased speculative interest. Despite bullish sentiment from institutions and retail investors, the market trend for GRASS remains bearish.
The altcoin is attempting to break out of a multi-month consolidation pattern, trading near the $0.46 neckline. A successful breakout could propel GRASS to $0.6555, but failure may see it drop to $0.25 or $0.16. However, the token is considered high risk, with the top 100 holders controlling 96.7% of the supply, and a single wallet holding 28.73%.
GRASS Token Jumps 27% Amid Infrastructure Supercycle Hype
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