$GNS has seen a modest rally of 1.867% in the past 24 hours, yet remains in a broader downtrend.
The recent high and low reflect a tight range, indicating low volatility.
Bollinger Bands suggest potential for price fluctuation between 1.625 and 1.707.
Support is established at 1.626, while resistance is noted at 1.72.
Macroeconomic factors, like upcoming inflation data, could create heightened volatility.
Despite Bitcoin's undefined influence, its movements still play a role in market sentiment.
Traders might benefit from a short-term strategy given the current volatility and downtrend.
Key takeaway: Watch for a breakdown below support at 1.626; it might signal further selling pressure.
