$GUN GUN/USDT in a Healthy Correction After Strong Rally
After a sharp rally from 0.040 to 0.067, GUN/USDT is now undergoing a healthy correction, which is a normal phase in any trending market.
Multi-Timeframe Analysis:
1H Chart: Price is consolidating above EMA-25 (0.0556). While volume is decreasing, the structure remains intact with no panic selling.
4H Chart: The price is retracing toward key EMAs (EMA-50 and EMA-99 near 0.057). RSI is approaching oversold territory (~29), indicating possible support and bounce.
1D Chart: The pullback is part of a market rebalancing after a vertical move. RSI(6) is around 20, suggesting potential accumulation zone.
Conclusion: As long as GUN/USDT holds above 0.057, this remains a healthy pullback. A recovery move is likely if we see a strong bounce with volume from the support zone.
Strategy: Watch the 0.057–0.058 zone for potential entry opportunities. A recovery confirmation would come from RSI and Stoch RSI turning upward, along with bullish volume.