GRASS jumped 19% in the latest trading session, with trading volume and open interest rising sharply alongside the move. The price now sits just below a key resistance level at $0.4733, a barrier that analysts say could give way to a run toward $0.60.
Volume and open interest expand
The surge brought renewed activity to GRASS markets. Daily trading volume more than doubled compared to the previous week, and open interest — the total number of outstanding futures contracts — climbed to its highest point in a month. Both metrics suggest that new money entered the market rather than just existing positions shifting.
The $0.4733 resistance hurdle
The rally stalled near $0.4733, a level that has acted as resistance since mid-February. The token previously failed to break above that price on two separate attempts. If GRASS can push through, chart watchers see limited overhead supply until roughly $0.55, and then a possible acceleration to $0.60. A failure to clear $0.4733 could lead to a pullback toward support around $0.40.
What would drive a move to $0.60
Analysts point to the combination of rising volume and open interest as a bullish signal. A sustained break above $0.4733 on high volume would confirm the breakout, setting up a target of $0.60 — an area that would represent a gain of roughly 27% from current levels. The next few trading sessions will show whether buyers have enough momentum to push through.
