Gas (GASUSD) Remains Pressured above the $3.510 Supply Mark

Gas (GASUSD) Price Forecast: April 18

Today, the Gas market is showing promising signs of recovery and remains pressured above the $3.510 supply mark, indicating a significant upward. The crypto is trying hard not to fall by resisting sellers. If the bulls’ pressure breaks up the resistance level of $6.721, the coin price may increase further to a $7.271 high trend line, which will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $5.998 $5.999, $6.000
Support Levels: $4.173, $4.172, $4.171

GAS (USD) Long-term Trend: Bullish (Daily Chart)

GASUSD price is gaining traction as it remains pressured above the critical resistance level on the higher time frames. This is clear as we can see the prices trading above the moving average line indicating an uptrend.
The bulls’ pressure on the coin to a $3.301 resistance level in the previous action has enabled it to retain its upward growth in its recent high.

Today, the Gas market eyes a new high as it remains pressured above the EMA-50 at a $3.646 high level, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.

Therefore, if the bulls increase their confidence in the GASUSD investment, the coin market could see another uphill trend to hit the $7.271 peak resistance level, triggering a flurry of interest among investors.

Additionally, continuation to the upsides is likely as the price indicator projects an upward move, implying that the bullish trend will continue and might remain pressured above the supply level to hit the $7.271 upper resistance trend line soon, indicating a potential buy signal in its long-term view.

GAS (USD) Medium-term Trend: Bullish (4H Chart)

On the medium-term outlook, prices of GASUSD remain in an uptrend, resulting in a 5.46% increase in the market value.
The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high and implying that buyers are currently gaining more strength.

The high bullish impact on crypto at the $3.281 high level in the last action has contributed to its buy trade set-up in its recent high.

Today, the Gas market looks nice for buyers, correcting and remaining pressure at the $3.646 supply value above the moving average shortly after the commencement of the 4-hourly chart, encouraging buyers to invest, as possible future gains are certain.

However, there is a possibility of an increase in the price of the GASUSD pair, if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $7.271 supply level might be reached soon in its medium-term forecast.

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