GRASS/USDT Technical Analysis: Pennant Breakout Imminent

May 22

Hi!

Trend Shift via Volume and SMA Breakout
The macro structure for GRASS/USDT shifted dramatically following a massive influx of buying volume, noted as the "Big pump." This surge carried the price decisively above the 100-day Simple Moving Average (SMA), effectively neutralizing the previous bearish trend and establishing a new bullish foundation.

Pennant Consolidation
Following the initial impulse peak at point A, the price entered a healthy consolidation phase. This price action has formed a clear bullish pennant pattern across points A, B, C, and D. A recent volume spike at point D confirms that buyers are actively defending the ascending support line, keeping the market structure intact.

Breakout Targets
The price is currently testing the upper boundary of the pennant. A decisive daily close above this resistance line will trigger the breakout, opening the path toward two primary upside objectives:

• Target 1: $0.6702 (Immediate horizontal resistance)
• Target 2: $0.8300 (Major structural supply zone)

May 23

Note

The top line is not broken yet!

May 24

Trade active

May 24

Note

The breakout happened ---> toward the first target!