In this Gas technical analysis, we will examine the current price action, trading volume, key levels and indicators for GAS-USDT. Gas is a decentralized cryptocurrency that operates on the Ethereum blockchain. It was created to provide a means for users to pay for transactions and computational services on the Ethereum network, which has led to its widespread adoption in the decentralized application (dApp) ecosystem. Gas is used as a unit of measurement for the computational effort required to execute a transaction or smart contract on the Ethereum network, with higher gas prices corresponding to more complex transactions or contracts.
Gas Price Overview:
As of September 22, 2023, Gas is trading at approximately 2.441 USDT. Let’s dive into the detailed price action for GAS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.413 |
| High (H) | 2.465 |
| Low (L) | 2.391 |
| Close (C) | 2.441 |
| Volume (C) | 169,765.10 |
- Open (O): The opening price for today’s trading session was approximately 2.413 USDT.
- High (H): Gas reached a daily high of around 2.465 USDT.
- Low (L): The daily low for GAS-USDT was approximately 2.391 USDT.
- Close (C): At the time of analysis, Gas is trading near its daily close of 2.441 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.29% |
| 3D Change (%) | -8.44% |
| 7D Change (%) | 2.56% |
| 30D Change (%) | 8.68% |
| 90D Change (%) | -8.09% |
| YTD Change (%) | -32.19% |
Over the past three days, GASUSDT has declined by approximately -8.44%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 2.56%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GASUSDT maintaining an upward trend of approximately 8.68%, despite intermittent fluctuations. Examining the last 90 days, GASUSDT has witnessed substantial drop of approximately -8.09%, reflecting strong long-term confidence. Year-to-date, GASUSDT has steadily depreciated by around -32.19%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Gas Live Chart:
You can access a live price chart for GAS-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.43891.
- Momentum score is 0.08682.
GAS USDT Technical Analysis
Gas Trading Volume:
The trading volume for Gas (GAS) over the past 24 hours has been insignificant, with approximately 169,765.10 USDT traded against GAS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): GAS is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Gas is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GAS-USDT is currently in the neutral zone, around 50.54501. This suggests that Gas is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Gas (GAS-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
