The GAS crypto has been hovering near EMA
The GAS price chart has shown significant chart activity from bulls and bears on the daily chart. The token price rose from $1.75 on 20th October 2023 and flew up to $29.75, which gave closing at $22.70.
Thereafter, on November 10th, the price plunged big and consumed 70% of its earned gains by November 21st, 2023. This scenario looked like a pump-and-dump kind of scenario on the daily chart.
After December 2023, the price ended up in a consolidating range, where the price was in a trading range of $4.25 to $7.0. Once this range is broken, it may lead to bigger moves in GAS, but until the range is intact, the movement cannot be clearly predicted.
At press time, the GAS token price is trading at 5.66 with an intraday loss of -1.80%.
Therefore, if the bulls manage to take control, the flight could be upward, and the primary resistance would be $8.0 and $11.0. However, if the price fails to go below $4.25, the price could invite bears and reach depths in the process.
Indicator Analysis Of GAS Crypto Over Daily Chart
The GAS crypto has been hovering near the 20-day and 50-day EMA's for a couple of months, MACD has been moving adjacent to the signal line for a long time, and RSI is neutral at 45.98.
Combiningly, the indicators highlight no movement and activity and the range remains unbroken and undisturbed. If the range is broken, significant movements in GAS may occur. However, as long as the range remains intact, the movement cannot be accurately foreseen.
Thereafter, on November 10th, the price plunged big and consumed 70% of its earned gains by November 21st, 2023. This scenario looked like a pump-and-dump kind of scenario on the daily chart.
After December 2023, the price ended up in a consolidating range, where the price was in a trading range of $4.25 to $7.0. Once this range is broken, it may lead to bigger moves in GAS, but until the range is intact, the movement cannot be clearly predicted.
At press time, the GAS token price is trading at 5.66 with an intraday loss of -1.80%.
Therefore, if the bulls manage to take control, the flight could be upward, and the primary resistance would be $8.0 and $11.0. However, if the price fails to go below $4.25, the price could invite bears and reach depths in the process.
Indicator Analysis Of GAS Crypto Over Daily Chart
The GAS crypto has been hovering near the 20-day and 50-day EMA's for a couple of months, MACD has been moving adjacent to the signal line for a long time, and RSI is neutral at 45.98.
Combiningly, the indicators highlight no movement and activity and the range remains unbroken and undisturbed. If the range is broken, significant movements in GAS may occur. However, as long as the range remains intact, the movement cannot be accurately foreseen.
Penafian
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