$GNS /USDT – Oversold Territory, Potential Rebound in Sight?
🔻 Current Price: $1.580 (-26.20%)
🕐 Timestamp: 2025-06-23 16:15
📊 24h High / Low: $2.160 / $1.330
📈 24h Volume:
GNS: 10.04M
USDT: 17.31M
📉 Order Book Depth:
Resistance: 1.734 / 1.670 / 1.606
Support: 1.542 / 1.478 / 1.414
🔍 Momentum Analysis:
GNS saw a sharp 26% drop, tagging a low of $1.33 before recovering to $1.58. Volume surged, indicating panic sell-offs and possible capitulation. RSI and price action suggest oversold conditions, with buyers starting to step in around $1.40–$1.50 support.
📈 Long Setup:
Entry Zone: $1.50 – $1.60
Targets:
T1: $1.75
T2: $1.98
T3: $2.15
Stop Loss: $1.32 (below key swing low)
✅ Breakout Confirmation:
A decisive close above $1.75 on strong volume would confirm a rebound structure. Price reclaiming $1.98 opens doors to reattempt $2.15+.
🛡️ Key Support:
Major Support: $1.33 (24h low & liquidity pocket)
Secondary Support: $1.42 – $1.48 (short-term defense zone)
💡 Pro Tip:
Don’t chase the pump. Let GNS consolidate and form a higher low before entering. Look for bullish divergence on 1H charts and volume confirmation before scaling in.