GRASSUSDT 📊 **Chart Overview – GRASSUSDT (4H):**
* 💰 **Current Price:** \$1.1362
* 🔻 **Previous Trend:** Downtrend has been challenged; price broke above the **descending trendline (blue dashed)**.
* 🟦 **Key Support Zones:**
* \$1.10 (recent demand area retest)
* \$1.05 (major support below, seen from earlier bounce zone)
* 🟥 **Key Resistance Zone:**
* \$1.19 – \$1.25 (major supply area where price got rejected again)
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### 🔍 **Technical Breakdown:**
1. **Break and Retest Attempt:**
* Price **broke the descending trendline** and tapped into the \$1.19 resistance.
* Currently pulling back — possibly a **retest of the broken trendline** and the previous support near \$1.10–\$1.13.
2. **Supply Zone Rejection:**
* Strong rejection from **\$1.19–\$1.25**, which aligns with the upper supply zone.
* Sellers are actively defending this area.
3. **Bullish Case:**
* If GRASS holds above **\$1.10**, it may gear up for another push toward **\$1.19–\$1.25**.
* A clean break and hold above \$1.1935 could open room toward \$1.30+.
4. **Bearish Case:**
* Failure to hold \$1.10 or a breakdown below \$1.05 could invalidate bullish bias and revisit the lower demand zone near **\$0.95–\$1.00**.
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📌 **Market Summary:**
GRASS is at a **critical zone**, attempting to flip trendline resistance into support. The reaction from \$1.10–\$1.13 will be key to deciding whether it can revisit higher supply levels or turn back toward major support.
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⚠️ **Disclaimer:**
*This is **not financial advice**. All information provided is for **educational and informational purposes only**. Always perform your own analysis and manage your risk properly before trading.*
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.