The 0xGasless (0XGAS) token, a decentralized asset designed to support gasless transactions and Ethereum smart wallet functions, has experienced a noticeable price correction. After reaching an all-time high earlier this month, the token has now dropped approximately 6% in the last 24 hours, trading around $0.93.
0xGasless Price Performance: Weekly and Daily Trends
The recent decline follows a 20% weekly loss, reflecting a broader cooling in speculative buying. The token’s price peaked at $1.39, which means it’s now trading at over 30% below its highest level. While long-term holders still show confidence in the token’s fundamentals, short-term traders have begun to exit positions.
The recent downtrend is accompanied by a major drop in volume, with current daily trading volume hovering under $40,000, signaling reduced buyer demand and thinning liquidity.
0XGAS Token Market Cap and Circulating Supply
The 0xGasless market cap is estimated between $8.8 million to $9.7 million, depending on the price source and platform. The circulating supply sits close to 9.5 million tokens, out of a maximum supply of 11 million.
This limited supply model has historically supported bullish sentiment, especially during phases of rising adoption and wallet integrations.
Technical Outlook: Support and Resistance Zones
From a technical analysis perspective, the key support level is around $0.90. If this breaks, the token could face further downside toward the $0.72 range. On the upside, resistance lies near $1.14 and $1.25, with a longer-term target back toward its $1.39 all-time high if momentum returns.
Investors are closely monitoring whether the price can reclaim the $1.00 level, which has served as a psychological anchor in recent weeks.
Is the 0xGasless Token Still a Strong Long-Term Project?
Despite the current pullback, the 0xGasless protocol continues to gain attention for its focus on gasless Ethereum transactions, a feature tied to account abstraction and wallet usability improvements.
If adoption of smart wallets and gasless dApps continues, 0XGAS may find renewed support from long-term investors betting on Ethereum’s usability growth.
Watch Volume and Network Activity
While the token is currently under pressure, price may stabilize if trading volume recovers and developers continue to build around its ecosystem. For now, the focus remains on volume, support levels, and broader DeFi sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.