ETHGas Token GWEI Doubles to $0.20 in June as Technical Indicators Flash Buyer Exhaustion

GWEI-12.77%
According to data from TradingView and Etherscan, ETHGas native token GWEI doubled from June lows below $0.10 to over $0.20 as of June 13. The token has surged over 750% from February lows, making it one of the best-performing altcoins this year despite broader market contraction. Technical analysis suggests the rally could extend another 18% to target $0.25 if GWEI breaks above key trendline resistance. However, the daily RSI indicator has entered overbought territory, signaling potential buyer exhaustion. Support levels to watch are $0.16 and $0.10 should profit-taking intensify.
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