$GRASS Price Spikes Above $2, Is a New All-Time High Coming?
By: crypto news|2025/05/14 20:45:04
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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 NearThe $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 $2 level as a resistance zone turned support.This New ICO Could Be the Next Sleeper PickBest Wallet ($BEST) is a non-custodial crypto wallet that introduces a set of new and robust features to challenge the dominance of existing solutions like MetaMask and Exodus.This Web3 storage solution supports assets in more than 50 blockchains and offers low fees for swaps.It also introduces tools like “Upcoming Tokens”—a crypto screener that allows users to identify and invest in top ICOs while they are still flying below most investors’ radars.Upcoming tokens. Direct access. No extra steps. Best Wallet gives you exclusive access to new tokens before they hit the mainstream, all directly from the app.Discover early-stage projects before the crowd! Download the app today! https://t.co/qh6F57hoL4 pic.twitter.com/RmDemeqMUt— Best Wallet (@BestWalletHQ) May 14, 2025The upcoming Best Card takes the place of the traditional debit card, allowing seamless real-world transactions using stablecoins anywhere that Mastercard is accepted. Best Wallet is already making waves, raising over $12 million in the ongoing presale for its new $BEST utility token. Its app is already featured on Google Play and the App Store.To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.The post $GRASS Price Spikes Above $2, Is a New All-Time High Coming? appeared first on Cryptonews.
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