In this Gas technical analysis, we will examine the current price action, trading volume, key levels and indicators for GAS-USDT. Gas (GAS) is a decentralized cryptocurrency that focuses on providing fast and secure transactions for its users. It utilizes a proof-of-work consensus algorithm to validate transactions and maintain network security. With its emphasis on speed and security, Gas has gained popularity among those seeking an efficient blockchain solution.
Gas Price Overview:
As of June 30, 2024, Gas is trading at approximately 3.714 USDT. Let’s dive into the detailed price action for GAS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3.672 |
| High (H) | 3.745 |
| Low (L) | 3.551 |
| Close (C) | 3.714 |
| Volume (C) | 473,113.50 |
- Open (O): The opening price for today’s trading session was approximately 3.672 USDT.
- High (H): Gas reached a daily high of around 3.745 USDT.
- Low (L): The daily low for GAS-USDT was approximately 3.551 USDT.
- Close (C): At the time of analysis, Gas is trading near its daily close of 3.714 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.12% |
| 3D Change (%) | 0.62% |
| 7D Change (%) | 4.09% |
| 30D Change (%) | -25.48% |
| 90D Change (%) | -43.18% |
| YTD Change (%) | -45.76% |
Over the past three days, GASUSDT has risen by approximately 0.62%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GASUSDT maintaining a downward trend of approximately -25.48%, despite intermittent fluctuations. Examining the last 90 days, GASUSDT has witnessed substantial decline of approximately -43.18%, reflecting strong long-term confidence. Year-to-date, GASUSDT has steadily depreciated by around -45.76%, 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 0.57213.
- Momentum score is -0.16106.
GAS USDT Technical Analysis
Gas Trading Volume:
The trading volume for Gas (GAS) over the past 24 hours has been insignificant, with approximately 473,113.50 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Gas is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GAS-USDT is currently in the low zone, around 38.89343. This suggests that Gas is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Gas (GAS-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Anticipate potential setbacks for Gas (GASUSDT) at 3.71 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on GAS BTC Gas Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.