- $GRASS has broken a multi-month downtrend and is currently retesting the breakout level near $2.31.
- Support at $2.21 is critical; a breakdown below this level could invalidate the bullish setup.
- A potential target of $5.78 is being watched if the retest holds and momentum builds in the coming weeks.
The token $GRASS has broken above a long-standing descending trendline and is now undergoing a retest near the breakout zone. After months of lower highs, this technical shift suggests potential trend reversal if bullish momentum continues.
The asset currently trades at $2.31 after a 5.0% decline in the last 24 hours, yet remains above key structural support. Market watchers have turned attention to this setup following the clean breakout from the downtrend stretching back to late 2024.
Current Price Action and Key Levels
At the time of reporting, $GRASS is ranked #142 among cryptocurrencies, with a 24-hour trading range fluctuating between $2.21 and $2.44. The current support level is identified at $2.21, while immediate resistance stands at $2.44. Technical indicators suggest that a successful hold above support could reinforce bullish continuation, particularly if volume supports the retest area.
Despite the short-term decline, the retest is occurring at a historically significant zone. Analysts suggest that these conditions often precede further upside, provided broader market sentiment remains stable and buyers maintain control. A failure to hold support, however, could invalidate the bullish thesis.
Medium-Term Outlook and Target Projection
A projected move to $5.78 has been outlined by analyst The Scalping Pro, contingent on continued momentum and a clean confirmation of the trendline as new support. This price target would represent a significant move from current levels, requiring sustained buying pressure over the coming weeks.
The projected path toward $5.78 shows a staircase-like pattern, indicating expectations of consolidation before each leg higher. This type of gradual ascent reflects cautious optimism among participants rather than parabolic speculation.
Bottom Line
$GRASS has entered a critical technical phase following the breakout from a prolonged downtrend. The market is now watching for validation of this move through price stability and increased volume at the retest level. Should these conditions hold, upside targets near $5.78 may remain in play. However, risks remain if support fails to hold, as downward pressure could resume.
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