GNO, a governance-focused altcoin with DeFi utility, is facing downward pressure after a 3.19% drop. With RSI near neutral and volume thinning, the pair is testing key support levels that could define its next move.
📈 Technical Analysis
The 4H chart shows a bearish short-term trend, with price slipping below the $136 zone.
- Support: $133.73 and $126.00
- Resistance: $141.48 and $156.55
- Pattern: Lower highs forming, potential descending triangle
- Volume: 2.67K GNO – relatively low, signaling reduced momentum
- RSI (6): 49.54 – neutral, but leaning bearish
- MA(5) vs MA(10): Short-term MA below long-term MA, confirming bearish bias
Short-term Outlook: Bearish unless $141.48 is reclaimed with volume
📰 Market Data & News
- Current Price: $135.44
- 24h Change: -3.19%
- No major headlines, but 367K USDT traded shows moderate interest
🔄 Scenario Breakdown
- Bullish Case: Break above $141.48 with volume could target $156.55
- Bearish Case: Drop below $133.73 confirms downside toward $126.00
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will GNO reclaim $141.48 or slide toward $126.00? Drop your take below 👇
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📈 Comment your bias: Bullish or Bearish?
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⚠️ Disclaimer: This is for educational purposes only and is not financial advice.
