$GAS /USDT Technical Update - Recovery in Progress

Current Price: $5.573 (-10.00%)

Key Highlights:

24H High: $6.256

24H Low: $5.328

Volume: 7.70M GAS

Technical Overview:

$GAS/USDT is showing signs of recovery after hitting the low of $5.328. The price is currently trading above the 99 EMA ($5.402) and has reclaimed the 7 EMA ($5.475), suggesting a potential shift in momentum.

Support Levels: $5.500 | $5.400

Resistance Levels: $5.700 | $6.000

What’s Next?

If $GAS sustains above $5.500, it could test $5.700 and $6.000 resistance levels. A failure to hold above $5.500 may lead to a retest of the $5.400 support.

Strategy:

Consider entries near $5.550-$5.600 with targets at $5.700 and $6.000. Use a stop-loss at $5.400 to manage downside risk.

Observation:

GAS is attempting a rebound with increasing buy pressure. Sustained volume and a break above $5.700 will confirm bullish momentum.

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