Gas Price Skyrockets 29% as ‘’Escape the Matrix’’ Game Launches Today – Will the Bulls Hit $10?

Highlights:

• Gas price emerges among the top gainers, soaring 29% to $6.03 as of press time. 
• Neo is launching its first experimental AI Agent product on Neo X at 12 UTC, Jan 9, 2025.
• With exceptional volume and breaking key levels, Gas price signals a bullish continuation.

The Gas price has gained a spot among the top gainers, elevating 29% in the past 24 hours to $6.03 at press time. The growing interest in the token has seen the trading volume spike by 2522% to $610.97 million. GAS has reclaimed the top 200 positions, ranking #170 among other cryptos.

Can Gas prices be pumping because of the Matrix game news? Neo is launching its first experimental AI Agent product on Neo X at 12 UTC, Jan 9, 2025. The “Escape the Matrix” explores the potential of multi-AI Agent interactions, featuring puzzle-solving game mechanics, AI-assisted multi-layer encryption verification, automated tasks, and asset distribution.

⏳ 4 HOURS LEFT! ⏳
Get ready for The Matrix! 🕶️

Make sure you’re prepared — bridge your $GAS token to Neo X now!
👉 https://t.co/szwbGxO8km https://t.co/wms5auNXWc

— Neo Smart Economy (@Neo_Blockchain) January 9, 2025

Further, the Neo Foundation is offering a $30,000 prize pool. The fees submitted by all players will be added to the prize pool, and the first to crack the game wins.

Gas Statistical Data

Based on CoinmarketCap data:

• GAS price now – $6.03
• Trading volume (24h) – $610.97 million
• Market cap – $392.2 million
• Total supply – 64.99 million
• Circulating supply – 64.99 million
• GAS ranking – #170

Gas Price Technical Indicators Signal a Bullish Continuation

Gas price has shown explosive momentum, sharply increasing to a 24-hour high of $6.38 before a slight pullback to $6.03 at press time. The GAS token has surged with exceptional volume, breaking key levels and signaling a bullish continuation. A rounding bottom pattern has come in handy, reinforcing the bullish trend in the GAS market.

Moreover, the bulls are in charge as they have broken above the 50-day SMA at $5.417, flipping it into the support floor. If the key levels at $5.417 and $4.149 hold, the bulls may soon keep the upward trajectory, reclaiming the $7.748 high.

The Relative Strength Index (RSI) is also northbound, showing increased buying activity. Its position at 63.62 suggests that the bulls are showing no signs of slowing down anytime soon. Moreover, there is still more room for the upside before GAS is considered overbought.

Gas Price Poised for a Rally to $10

The rising volumes and northbound RSI show that the bulls still have control. This could push the Gas price further north. The Moving Average Convergence Divergence reinforces this stance, holding in positive territory and above the signal line, depicting a potential rally in the Gas market.

If the support levels stay intact, the gas price could steadily rise, hitting the $7.748 high in the short term. A break and close above it would encourage more buy orders, potentially sending the Gas Price to $10.

Conversely, if early profit booking commences, the Gas price will fall through. The $5.417 will absorb the potential selling pressure in such a case. A breach and break below that level would invalidate the bullish grip, as the $5.015 support level will cushion against downward pressure.