$GRASS loses momentum as supply absorbs bids beneath $0.40 🧱
The tape is deteriorating. $GRASS fell 15.81% to $0.3742 on volume that expanded 57.72% to $28.16 million, a combination that typically signals distribution rather than healthy accumulation. Price has been repeatedly rejected below $0.40, leaving the token trapped inside a broader $0.30 to $0.50 range. Lower highs are forming, and RSI at 53 suggests momentum is fading rather than resetting cleanly. The liquidation profile reinforces the imbalance: long exposure has been hit far harder than shorts.
What the market is missing is that higher volume during a downtrend is not confirmation if it is accompanied by failed resistance tests and weakening structure. The order flow appears to be dominated by supply absorption failure, with top-tier exchange positioning still leaning long into a market that has not reclaimed control. That leaves a crowded side of the book vulnerable. If $0.40 continues to reject, the next magnet is likely the $0.30 support zone, where liquidity is more likely to be tested than defended.
Entry: 0.3742 🔻
Target: 0.30 📉
Stop Loss: 0.40 🛡️
Risk disclosure: This is for informational purposes only and is not financial advice. Trade with disciplined risk management and clear structural invalidation.
#GRASS #CryptoTrading #Altcoins #TechnicalAnalysis
