✴️ NeoGas 2nd Round? 653% Bullish Potential Explained!

Here is why NeoGas (GASUSDT) can produce another bullish round, a strong one.

A new All-Time High came in November 2023.
The low came in May 2022 but the November 2022 low or August 2023 can work as well to extract the total growth of the bullish wave. We will go with May 2022.

From May 2022 through November 2023, GASUSDT grew an astonishing 1,620%.
This tells us that massive grow is always happening in this market; which is great.

From November 2023 through the 1st of January 2024 we have the classic correction that happens after a strong move. The correction ended as a 85% drop (-85%). A bounce happened perfectly at EMA50.

Currently, we have short-term higher lows, the current candle with a long lower wick as it moves to trade above EMA10/EMA21 with a strong RSI.

Since an 85% correction already took place and we have bullish signals within a bullish market, we can expect additional growth. This would be the most reasonable and high probability scenario.

👉 My projected targets start at 227% followed by 653% at $49.55 as the next high.

Thank you for reading.

Namaste.