$GAS

$GAS/USDT: Airdrop Hype vs. Governance Turmoil ⛽

GAS (NeoGas) is currently showing signs of short-term recovery, trading at $1.92 with a minor +0.27% uptick in the last 24 hours. While the token has faced significant pressure, falling over 26% in the past 90 days, recent exchange events are keeping traders alert.

📊 Technical Snapshot:

* Trend: Short-term bearish. GAS is trading below its 7-day SMA ($1.99) and 30-day SMA ($2.05).

* Momentum: The RSI-14 at 40.86 indicates bearish momentum but has not yet hit "oversold" territory.

* Key Indicators: The MACD is slightly negative at -0.029, confirming persistent selling pressure despite the small daily bounce.

🎯 Trade Setup:

* Entry Zone: $1.90 – $1.92 (Look for support at the 78.6% Fibonacci retracement level).

* Take Profit 1: $2.06 (Immediate structural resistance).

* Take Profit 2: $2.18 (Target if reversal momentum builds).

* Stop Loss: Below $1.79 (Recent swing low and critical invalidation level).

💡 Market Context & Risks:

* Neo N3 Hard Fork: Upbit recently announced a temporary suspension of deposits and withdrawals for NEO/GAS starting February 2, 2026, for the N3 upgrade, which may impact short-term liquidity.

* Governance Feud: Investors remain cautious following a public dispute between Neo co-founders regarding treasury management and transparency.

* Airdrop Utility: Recurring weekly GAS airdrops for NEO holders on platforms like Upbit continue to serve as the primary incentive for holding the underlying asset.

> ⚠️ Risk Note: Trading volume dropped nearly 30% today, suggesting a "wait-and-see" approach from major market participants.

>

#GAS #NeoGas #NeoBlockchain #StrategyBTCPurchase #USIranStandoff #BinanceSquare #CryptoAnalysis #TradingSignals

Would you like me to analyze the correlation between NEO and GAS price action or check the status of the Neo N3 upgrade?