#BinanceEarnYieldArena
GUN/USDT is currently in a downtrend, with a -16.27% drop in the last 24 hours. Key observations:
Price Trend: The price is consistently moving below the MA(7) and MA(25), indicating bearish momentum.
Support & Resistance: The 24h low is $0.04802, which is being tested again. If it breaks below this level, the next support could be around $0.047.
Volume: The selling pressure is high, indicated by strong red volume bars.
Moving Averages: The MA(7) at $0.05261 and MA(25) at $0.05403 suggest a short-term bearish outlook.
Possible Next Moves:
1. Bearish Scenario (More Likely): If selling pressure continues, the price may drop below $0.048 and test lower levels.
2. Bullish Reversal (Less Likely for Now): If buyers step in near $0.048, we could see a temporary bounce toward $0.052 - $0.054.
Conclusion:
If you're looking for short-term trades, wait for a strong bounce confirmation.
If you're considering long-term investment, monitor the trend and buy near strong support zones.
