$GAS continues to demonstrate resilience, holding firmly above its ascending support line.

This movement suggests that the token remains in a safe zone, offering a strong foundation for potential bullish momentum in the coming weeks.

Analysis of Current Price Action

The chart reveals $GAS is respecting the upward trendline, reflecting steady buyer interest. This ascending support serves as a critical level, enabling the token to consolidate and possibly gear up for its next upward push.

What Could Happen Next?

If $GAS maintains its trajectory:

• Bullish Scenario: A breakout above the $5.00 level could pave the way for a test of the $6.00–$7.00 range, potentially targeting the previous highs around $8.00.

• Bearish Scenario: A breach below the support line might lead to a retest of lower levels around $4.00, but this remains unlikely given the current positive sentiment.

Strategy for Traders

1. Watch Key Levels: Focus on $5.00 as a pivotal resistance level. A decisive move beyond this could signal the continuation of the uptrend.

2. Trendline as Support: Use the ascending trendline as a guide to set stop-loss orders and manage risk.

3. Take Profit Zones: Monitor psychological levels at $6.00 and $7.00 for partial exits.

Final Thoughts

GAS appears well-positioned for its next significant move, provided it continues to hold above the ascending support. Traders should remain cautious yet optimistic as the market develops. Keep this one on your watchlist for further updates!

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