GAS +12.48% 24h - Short-Term Rally Amid Extended Downtrend

On SEP 6 2025, GAS rose by 12.48% within 24 hours to reach $3.222, while recording 0% change over the past 7 days. Over the past month, the token has dropped by 183.49%, and over the past year, it has declined by 2805.92%.

Despite the recent 24-hour gain, GAS continues to trade far below its 52-week high, reflecting an ongoing bearish trend. The price move, however, appears to be a short-term bounce rather than a reversal of the long-term trajectory. The token has failed to maintain a 1-week positive trend, suggesting that the rally remains fragile and driven by immediate market sentiment rather than sustained investor confidence.

Technical indicators show mixed signals for GAS. The 50-day and 200-day moving averages remain wide apart, with the 200-day line continuing to act as a strong resistance. The RSI has moved above 50, signaling a potential shift toward buying pressure, but has not yet crossed into overbought territory. The MACD line crossed above the signal line in the last 24 hours, hinting at a short-term bullish momentum. However, the histogram remains compressed, indicating limited strength in the move.