Grass (GRASSUSD) Price Forecast: November 5
After updating the lows, the GRASSUSD pair is facing the higher side as it determines to grow more while making new corrections. The crypto buyers have just begun the uptick trend, and we expect a swift increase to follow soon. Thus, the coin might jump towards the $1.97 supply level amid renewed buying momentum if the sell traders reduce their tension and the buy traders accelerate their buying motives in the market.
Key Levels:
Resistance Levels: $1.42, $1.43, $1.44
Support Levels: $1.20, $1.19, $1.18
GRASS (USD) Long-term Trend: Bearish (30-Minute Chart)
The Grass price is poised to grow more as it resumes another bullish rally below the supply trend line on its higher time frame. The price responded to the shift in the market structure and is currently trading below the moving averages, suggesting a bearish trend.
The sustained bearish pressure on the crypto market in the last session has dropped the price below the trend level in its recent high. However, the crypto price may grow more as coin buyers begin a new correction that will take us higher.
At the time of writing, the GRASSUSD price responded to the shift in the market structure and is currently below the moving averages at the $1.43 resistance value as the 30-minute chart opens today, suggesting that the coin price will grow more.
Further, with sustained buying, the Grass value could plunge 3% to hit the $1.97 barrier level, if further selling pressure is prohibited.
More upsides are certain as the price indicator shows that the price of Grass is on an uptrend. It is expected that the coin hit $0.04000 at the high side soon as the market remains bullish.
In addition, the GRASSUSD pair will grow more as the price indicator shows that the crypto price is in an uptrend. It is expected that the coin market value will hit $2.00 on the high side in the days ahead, as it suggests the coin price will grow more in its long-term perspective.
Grass (USD) Short-term Trend: Bullish (5-Minute Chart)
The market value of GRASSUSD in the lower time frame (5- minutes) suggests it will grow more as the market remains in the bullish trend zone, as a result of high turnover from the buy investors.
The sustained buying pressure at the $1.40 supply level in the last session has enabled the Grass price to grow more and remain bullish in its recent high.
The bulls made a ride to a high at the $1.42 level above the moving averages shortly after the commencement of the 5-minute chart today, implying that the GRASSUSD price will grow more.
Hence, if the bulls increase their confidence in the Grass investment, the coin market trend could grow more and see another uphill trend to hit the $1.47 resistance level, attracting big players to drive the coin price higher.
More so, this sharp dive in the crypto’s price accentuates that the excess buying pressure has stabilized, and the price could grow again if the market sentiment doesn’t witness any unfavorable situation. With this new phase, the price may reach a $2.00 high level soon in its lower time frame.
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