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- 1 Gnosis is currently trading at $117.27 with a rise of 0.70% in the past 24 hours. However, it has inclined by 3.76% in the last 7 days.
- 2 The GNO crypto is about to break the major resistance.
The current price data of the Gnosis (GNO) crypto shows that the market is uncertain about the crypto, or in other words, the price is in a state of indecision right now. The year-to-date data shows that GNO did not give any good returns to its investor.
The price data of the GNO crypto shows that it is in a huge downtrend in the long term. However, investors have already suffered a massive 82% loss of their invested assets, which has shattered their hopes for this crypto.
Gnosis (GNO) plunged by -88.80% from its all-time high of $644.20 in two years. The current market sentiment is very negative about GNO crypto. It seems that there is no demand for Gnosis lately. This crypto needs a strong catalyst to break this bearish trend and attract new buyers.
Gnosis Technical Analysis
On the daily time frame, the Gnosis (GNO) price is above the 50-day and 200-day EMA, but the price moves sideways between the 50-day and 200-day MA. A bearish cross between the 50-day and 200-day MA has been seen on the chart. The price is in a state of indecisiveness right now
The RSI value is currently 54.10 points. The 14 SMA line is above the middle line, around 52.43 points which shows bullish momentum in the market. The price is moving toward the overbought zone.
The MACD indicator is also heading to a positive zone indicating the price rise. The MACD line at 1.00 and signal line at 0.85 is above the zero line.
The supertrend indicator gives a green signal, confirming the bullish mood. This implies that GNO crypto will likely maintain its upward trend, providing potential opportunities for traders and investors.
Volume Analysis
Gnosis’s average trading volume for the last 24 hours is $3415525. It is showing a 3.50% increase in volume in a day. The lack of buying interest in the GNO crypto market is the primary reason behind its decreasing volume.
Summary
The GNO price of the crypto is trading in a tight-range triangle pattern. Gnosis (GNO) crypto is showing confusion in the market. The technical chart is also looking good, but the price is rangebound. The price action indicates it might rise more in the next few days if it slightly breaks its main trendline resistance. Gnosis’ crypto price is showing mixed signals at the moment. Investors and traders should wait for the perfect setup before taking any steps. They should also carefully monitor market trends and news to identify opportunities or risks.
Technical Levels:
- Support Level – The current support levels for GNO are $1.801 and $1.487.
- Resistance Level –The current resistance levels for GNO are $2.2501 and $2.531.
Disclaimer
The research given in this article is for informative and educational use only. Do not take this information as a financial or trading recommendation. Trading and investing have financial risks. Please consider your risk profile and circumstances before creating any investment or trading decision.