$GAS 16.27% surge in 24 hours.
❇️$GAS price rose 10% in 24 hours due to a combination of exchange-driven demand for airdrop eligibility and bullish technical momentum.
❇️Technical indicators show overbought conditions (RSI 77.89) but bullish MACD divergence.
❇️Altcoin season momentum (index +36.84% weekly) supported speculative inflows.
❇️The 24-hour volume surged 152% to $43.6M, confirming buy-side urgency.
❇️RSI 7-day at 77.89 signals overextension but reflects strong momentum.
❇️MACD histogram turned positive (+0.044), with the MACD line crossing above the signal line on July 21.
❇️Fibonacci extensions suggest resistance near $3.91 (127.2% level), aligning with the current price of $3.83.
❇️The 7-day SMA ($3.42) crossed above the 30-day SMA ($3.03) on July 18, confirming a
bullish trend.
❇️Altcoin season index rose 36.84% weekly to 52, signaling capital rotation into smaller caps.
❇️GAS’s 18.27% weekly gain outpaced Bitcoin (+4.79%) and Ethereum (+2.61%), suggesting coin-specific drivers.
❇️Fear & Greed Index at 70 (“Greed”) reflects risk-on sentiment, though derivative open interest fell 22.9% in 24H, indicating caution.