After crashing over 96% from its peak near $3.96, GRASS has staged an impressive comeback—but can this rally continue, or is a pullback around the corner?
The token has surged nearly 190% in just 22 days, signaling a strong trend reversal. However, it now faces a major test near the $0.49–$0.50 resistance zone, which aligns with the crucial 200-day EMA.
The recent surge in the price is not happening in isolation. The broader crypto market is supporting the move, with Bitcoin holding near $74,000 and boosting overall sentiment.
A major catalyst behind this rally is Nvidia’s GTC keynote, where CEO Jensen Huang highlighted a $1 trillion opportunity in AI chips and the rise of agentic AI. This has triggered fresh interest in AI-linked crypto projects.
At the same time, strong capital rotation into AI and DePIN tokens like Fetch.ai and NEAR Protocol has added fuel to GRASS’s bullish momentum.
On the daily chart , the token shows a clear bullish reversal after a prolonged downtrend. The price is forming an ascending channel pattern, supported by consistent higher highs and higher lows.
It has already broken above short-term moving averages like the 20 EMA and 50 EMA, which indicates strengthening momentum. Now, all eyes are on the 200 EMA near $0.49, a key resistance level that could decide the next move.
However, the RSI is approaching 70, suggesting the asset is nearing overbought conditions. This increases the chances of short-term consolidation or a minor correction.
If the altcoin manages to break and hold above the $0.49 resistance level, the bullish trend could accelerate further. In that case, the next upside targets are likely around $0.55 and $0.60 in the short term.
On the downside, if the price fails to break this level, it may face rejection and retest lower support zones near $0.34 or even $0.31 before attempting another rally.
Overall, GRASS remains bullish in the short term due to strong technical structure and supportive market sentiment. However, a confirmed breakout above the 200 EMA is essential for a sustained upward move.
Until then, traders should watch for either a breakout or a healthy pullback, as both scenarios can shape the next phase of the trend.
This content is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and investors should conduct their own research before making decisions.