Latest Gas (GAS) Price Analysis

Deep Dive

1. Exchange Delistings (Bearish Impact)

Overview: ProBit Global delisted GAS on August 19, 2025, following Binance’s earlier withdrawal support termination for Neo Legacy Network. These moves reduce accessible liquidity and signal declining exchange confidence in legacy Neo ecosystem tokens.

What this means: Reduced trading venues amplify sell-side pressure, as holders rush to offload tokens before liquidity dries up. GAS’s 24h volume fell 29.8% to $8.8M, reflecting thinner markets.

What to watch: Neo N3 adoption metrics – migration to the upgraded network could revive utility-driven demand.

2. Gas Fee Abstraction Innovations (Mixed Impact)

Overview: D’CENT Wallet’s GasPass (launched Sept 23) allows users to pay fees in stablecoins instead of GAS, aligning with industry shifts toward gasless transactions.

What this means: While improving blockchain usability, such features dilute GAS’s core utility as a fee token. Long-term demand hinges on Neo N3’s ability to expand use cases beyond transaction fees.

3. Technical Weakness (Bearish Momentum)

Overview: GAS broke below the 38.2% Fibonacci retracement level ($2.76) and trades below its 30-day SMA ($3.01). The MACD histogram (-0.0217) and RSI (42.22) confirm bearish momentum.

What this means: Traders often interpret breaks below Fibonacci levels as continuation signals. The next key support is $2.37 (61.8% retracement). A close above $2.76 could stabilize prices short-term.

Conclusion

GAS faces structural headwinds from exchange exits and utility erosion, compounded by bearish technicals. While the Neo N3 transition offers a potential recovery path, near-term risks dominate.

Key watch: Can GAS hold $2.57 (50% Fib level) amid rising spot volumes? Failure here may accelerate declines toward $2.10.

Deep Dive

1. GasPass Adoption Catalyst (Bullish Impact)

Overview: On September 23, D’CENT Wallet launched GasPass, enabling gas-free transactions on Ethereum and Base by abstracting fee payments. This directly addresses a key pain point for GAS (used for Neo network transactions), positioning it as a beneficiary of broader gas innovation trends.

What this means: While GasPass doesn’t eliminate GAS’s native role, it reinforces narratives about blockchain usability – a critical focus in 2025’s Web3 adoption push. Projects like D’CENT’s integration signal renewed developer confidence in GAS’s underlying tech stack.

Watch: Whether GasPass expands to Neo N3 (GAS’s native chain) – currently focused on Ethereum/Base.

2. Technical Rebound from Oversold Levels (Mixed Impact)

Overview: GAS’s RSI14 hit 28.14 on October 11 – its lowest since July 2025 – before rebounding to 32.26. The MACD histogram (-0.050448) also shows slowing bearish momentum.

What this means: Traders often interpret RSI <30 as a buying signal, especially when paired with high volume (GAS’s 24h volume spiked 9,270% vs. 30d avg). However, resistance looms at the 30-day SMA ($3.08) – 14% above current price.

Watch: A sustained close above $2.85 (23.6% Fibonacci retracement) could target $3.04.

3. Exchange-Led Speculation (Neutral Impact)

Overview: Social media buzzed about Coinbase Wallet’s July 2025 rebrand to “Base” and its “MagicSpend” gas features, though no direct GAS integration was confirmed.

What this means: While not fundamentally tied to GAS, the chatter likely fueled retail speculation. GAS’s 24h volume surged to $7.49M (+9,270% vs 30d avg), suggesting short-term traders dominated the move.

Conclusion

GAS’s rally combines oversold technicals, GasPass-driven utility hopes, and exchange-related speculation. However, its 30-day underperformance (-20.6%) and Neo ecosystem challenges (e.g., ProBit delisting in August) warrant caution.

Key watch: Can GAS hold above $2.70 (current price) through October 13? Failure may retest support at $2.46 (pivot point).