Key Takeaways
- GRASS follows a descending resistance trend line.
- The GRASS price has increased by 150% since February.
- Can GRASS break out and move to a new all-time high?
GRASS reached its all-time high shortly after launching in November 2024. However, 2025 has not been as kind, leading to a 75% decline and a low of $0.91.
Nevertheless, the GRASS price regained its footing and is attempting a breakout from its main resistance trend line.
Will it be successful, and if so, how much further will it increase? Let’s find out.
GRASS Price Nears Resistance
The GRASS price has fallen under a descending resistance trend line since its all-time high of $3.95 in November 2024.
The downward movement culminated with a low of $0.91 on Feb. 3. The price bounced afterward, creating a bullish candlestick (green icon).
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Since then, the GRASS price has increased by 150%, creating several higher lows.
GRASS has nearly reached the descending resistance trend line, which has existed for 194 days.
The trend line coincides with the 0.5 Fibonacci retracement resistance level, so a breakout above it could take the price to $3.60.
Technical indicators are bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing and have crossed their bullish thresholds.
So, the daily time frame GRASS analysis suggests a breakout from $2.44 is likely, taking the price to $3.55.
What’s Next?
Like the price action, the wave count gives a bullish GRASS analysis, supporting the likelihood of a breakout.
The wave count shows a completed A-B-C correction (red) since the all-time high, where wave B was a symmetrical triangle.
It is unclear if the ensuing movement is another A-B-C structure (green) or a five-wave increase.
In both cases, an upward movement toward $3.55 is likely.
So, both wave counts give a bullish GRASS prediction, suggesting a price increase to $3.55 is likely.
GRASS Breakout Ahead
The GRASS price has increased by 150% since February, and its analysis suggests another breakout is ahead.
If GRASS breaks out from its resistance trend line, it could quickly surge to $3.55.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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