$GNS has shown a modest price change of 1.156% over the past 24 hours, with a high of 1.246 and a low of 1.198.
Currently in a downtrend, the price is navigating a tight range defined by Bollinger Bands, with the upper and lower bands at 1.243 and 1.212 respectively.
Support at 1.198 and resistance at 1.245 indicate a cautious trading environment.
Macroeconomic factors such as inflation data may contribute to heightened volatility, impacting trading strategies.
While Bitcoin's influence remains largely undefined, its overall market trend can still sway altcoins like GNS.
Traders may consider a short-term approach due to the current volatility and lack of solid bullish momentum.
In conclusion, remaining vigilant to macroeconomic updates will be essential for GNS traders seeking to capitalize on potential price swings.
