$GRASS Price Spikes Above $2, Is a New All-Time High Coming?

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 revived 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.

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.

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.

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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