Gas / TetherUS

GAS/USDT For the Bullish move, need to breakout the supply area!

550
đź’Ž GAS has indeed garnered significant attention in the market. Currently, there is a possibility that GAS will undergo a retesting phase at the support area before resuming its upward movement to attempt a breakout of the supply area. It's noteworthy that GAS has consistently faced rejection upon reaching the supply zone.

đź’Ž If GAS manages to successfully break above the supply area, it could trigger a bullish momentum, probability the price further upward toward our target area.

đź’Ž However, if GAS fails once again to break above the supply zone, there's a likelihood of the price being rejected and retracing back towards the support area, or potentially even descending to the demand area.

đź’Ž If GAS retraces to the demand area around $5.5, it is crucial for it to bounce from this level. Failure to do so could indicate a continuation of the downward movement for GAS, leading to further declines.






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