$GNO /USDT Daily Chart Analysis – 🚀 Bullish Momentum with Continued Upside Potential

Current Price: $110.6 (+1.37%)

Daily Range: High: $112.1 – Low: $108.5

🔹 Key Technical Insights:

Trend & Price Action:

✅ GNO has seen a solid upward movement of +1.37% today, signaling strong bullish momentum.

✅ The price has been consistently above the moving averages, indicating a continuation of the uptrend.

✅ Bollinger Bands are expanding, suggesting increased volatility and a potential for further price movement to the upside.

Moving Averages (MA):

✅ SMA 5, 10 → Bullish → Indicating a strong short-term uptrend.

❌ SMA 50 → Bearish → Long-term trend remains under pressure, suggesting caution at higher levels.

Momentum Indicators:

RSI (D: 53.77, 15: 35.39, 60: 47.26, 240: 55.91) → Neutral to bullish ⚠️

Stochastic RSI: Bullish crossover → Suggesting continued upward momentum ✅

MACD: Bearish crossover → A slight bearish indication, but momentum is still bullish ✅

ADX: Bullish crossover → Trend gaining strength ✅

MFI (Money Flow Index): Bullish range → Indicates buying pressure and positive sentiment ✅

VWAP: Uptrend → Institutional buying pressure supporting the price upward ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $112.1, $120.0, $125.0

📉 Support: $108.5, $105.0, $100.0

⚠️ Outlook & Trading Plan:

✅ Bullish Scenario: A break above $112.1 could lead to further upward movement toward $120.0 - $125.0.

⚠️ Bearish Risk: A failure to hold above $108.5 could lead to a pullback to $105.0 - $100.0.

📢 Conclusion:

GNO/USDT is showing strong bullish momentum with positive indicators across both short-term and long-term timeframes. However, the bearish MACD crossover suggests potential caution, especially if the price fails to hold key support levels. Watch for a breakout above $112.1 for confirmation of continued upside movement.

#GNO #Crypto #Trading #TechnicalAnalysis 🚀