GAS Price Prediction 2021 — Will GAS Hit New ATH Soon?

Gas Price Prediction 2021 — Will GAS Hit New ATH Soon?
  • Bullish GAS price prediction ranges from $24.58 to $31.78.
  • GAS price may also reach $100.
  • Bearish GAS price prediction for 2021 is $4.22.

This Gas Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our GAS price analysis and prediction.

Gas is one of the two coins created by Neo Foundation. Gas is used as a processing fee for Neo coins. Neo hashing algorithm is Proof of Stake (PoS), where blocks processing power depends on the amount of tokens held by miners instead of the Proof of Work method which depends on the mining power that a miner has to create a new block.

For interested crypto traders, the crypto trades at exchanges such as Binance, Huobi Global, OKEx, Upbit, and VCC Exchange. 

Moreover, with these recent developments, is GAS a good investment in 2021? Let’s find out in this GAS price analysis 2021 article.

Gas (GAS) Price Analysis

Currently, GAS holds 279th place on CoinGecko. But will the recent changes in the blockchain and its governance help catapult the price to reach higher? Let’s proceed to the charts in this GAS price prediction article.

GAS/USDT Price Chart Showing Ascending Channel Pattern (Source: TradingView)

In the daily time frame chart shows the Ascending Channel pattern. An Ascending Channel is the price action that occurs between upper inclining equal trendlines. What’s more, higher highs and higher lows structure this price pattern.

GAS/USDT RSI (Source: TradingView)

Meanwhile, the relative strength index (RSI) of the GAS is already at its overbought state. For this reason, traders must be careful because GAS might trigger a price reversal any time, as shown in this price prediction.

According to CoinGecko, the GAS price is $19.61, at the time of writing. In terms of market position, the market capitalization of GAS amounts to almost $198,582,361. Furthermore, GAS has an average daily trading volume of over $139,756,057.

GASUSDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $24.58
  • Resistance Level 2 – $31.78
  • Support Level 1 – $11.19
  • Support Level 2 – $4.22

The above chart shows the impressive performance of GAS in the last few days.  GAS  is showing a bullish trend. However, if the trend continues,  GAS will run along with the bulls, overtaking the resistance level at 24.58 and climb higher to $31.78.

In contrast, if the crypto investors turn against the cryptocurrency, the bears might take over. More so, the GAS price might plummet to almost $4.22, a bearish signal. Even more, it may even reach $100 if investors have decided that GAS is a good investment in 2021.

Furthermore, the project seems promising. Moreover, it has high goals, clear ideas, and a use case that target a broad market. Along with increasing adoption, positive price predictions, and a community consists of thousands of retailers, GAS is likely a promising investment for 2021.

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

Recommended for You

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.