The $GRASS price has broken the $2 barrier for the first time since March, notching a 35% surge on the daily—the apparent altcoin of choice among traders.
Better-than-expected US inflation data and a US-China trade agreement have reincentivised risk-on sentiment, opening the doors to fresh retail liquidity.
The move concludes a two-month-long consolidation phase, range-bound between $2 and $1.40. Clear of this hurdle, Grass Network has a new standing in the “best crypto to buy” conversation.
What’s Pushing the $GRASS Surge?
Today’s $GRASS price surge seems fueled by organic spot demand rather than speculative interest, with no major fundamental developments driving the move.
The derivatives market remains bullish, but balanced. The 24-hour Long/Short Ratio sits at 1.27, according to CoinGlass data—just 55% of traders are betting on increases.
Open interest is also on a steady uptrend rather than a one-off spike, an indicator of sustained growth.
Grass Open Interest. Source: CoinGlass.$GRASS Price Prediction: A New All-Time High Could Be Near
The $GRASS price teeters on a pivotal breakout from a symmetrical triangle pattern that has been forming since the start of the year, now battling to overcome its upper resistance.
GRASS / USDT 1-day chart, symmetrical triangle breakout. Source: TradingView / Bybit.With the breakdown of an earlier ascending triangle priced in, Grass has fully exhausted its bearish momentum. With wider market headwinds clearing, it now has the fundamental backing for a surge.
If momentum continues, the pattern sets a breakout target around $5.75, representing a potential 160% surge from current prices.
This outlook is supported by the MACD, which continues to widen its lead above the signal line—often an early sign of a sustained mid-term trend.
That said, the sharp upward move has pushed the RSI beyond the overbought threshold at 70, currently sitting at 72. This could be a precursor to a correction as buying reaches exhaustion.
A false breakout here could trigger a pullback, potentially retesting the $2 level as a resistance zone turned support.
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