Can GRASS Token Hit $3.54 After Breaking $1.80 Resistance and a 150% Triangle Breakout Setup?

GRASS/USDT broke out of a long-term symmetrical triangle, signaling a potential 150% upside.

A 34.81% increase in trading volume supports bullish momentum post-breakout.

Key levels to monitor include $2.50–$2.70 as near-term resistance and $1.80 as a potential support retest.

On the 21st of May, GRASS/USDT broke out of a symmetrical triangle which is often a signal for an important price change. This event has caught the interest of many traders on both kinds of exchanges, as the technical setup hints at a significant turning point. While market sentiment remains broadly mixed across the cryptocurrency sector, this technical event may reflect changing dynamics for the GRASS token specifically.

Breakout Confirms Consolidation Exit

Analyzing the chart, GRASS has been consolidating within a symmetrical triangle since late 2023, marked by a series of lower highs and higher lows. The upper resistance trendline, drawn from November 2023 peaks, had repeatedly rejected price advances, while the ascending support line provided consistent buying pressure. The breakout above this multi-month resistance occurred with a strong bullish candle, confirming a pattern breakout on the daily timeframe.

A measured move projection from the height of the triangle's base to the breakout point indicates a potential price target near the $3.54 level. This implies a possible 150% gain from the breakout zone around $1.42, a level where price recently cleared resistance with volume support. The breakout also appears to be backed by increasing bullish momentum, as noted by consecutive green daily candles and reduced upper wick rejections.

GRASS Sees Surge in Volume and Price Amid Growing Market Participation

Recent market data further supports the technical outlook Currently, the GRASS token is trading at $2.24, after gaining 10.49% so far today. The past 24 hours have seen $77.8 million in trading activity, up 34.81% from before. The rise shows that more people are taking part in the market, possibly creating a key basis for lasting price improvements.

Source; CoinMarketCap

With a market capitalization of $546.99 million and a fully diluted valuation of $2.24 billion, GRASS currently shows a circulating supply of 243.9 million tokens. The volume-to-market cap ratio of 14.23% also reflects an actively traded asset, often indicative of investor interest in short-term price action.

Key Levels to Watch

If momentum is sustained, the $2.50 to $2.70 level could create resistance before what is expected to be an eventual rise to $3.50. Should the asset give up its breakout point, initial support could be found near $1.80, with additional support at $1.42.

GRASS Breaks Out Amid Cautious Derivatives Market Sentiment

While GRASS’s breakout points to localized bullish momentum, the broader crypto derivatives market remains mixed. Diverging funding rates and macroeconomic uncertainty suggest caution across the sector. This context may moderate immediate upside potential unless broader market sentiment improves.

GRASS’s breakout from a symmetrical triangle presents a potentially bullish technical setup. However, sustained momentum will depend on volume continuation, macro sentiment, and how the token behaves around key resistance zones in the coming sessions.