$GUN /USDT TECHNICAL ANALYSIS: BEARS DOMINATE AS PRICE SLIDES TO $0.03108
$GUN /USDT pair is seeing strong bearish momentum, currently down -11.40% on the day, trading at $0.03108. With a steep -16.07% weekly decline and a brutal -51.46% loss over the past 30 days, market sentiment is decisively negative.
๐ Key Price Levels:
24H High: $0.03539
24H Low: $0.03052
Volume: 162.81M GUN traded, worth $5.40M USDT, confirming high selling pressure.
๐ Technical Analysis (1H Timeframe):
Resistance Zones: $0.03300 and $0.03450 โ key levels where rejection has occurred.
Support Zones: $0.03050 is immediate support; failure to hold could drop price toward $0.02900.
Trend Structure: Price action is forming a clear descending pattern with lower highs and lower lows, confirming continuation of downtrend.
๐ฎ Market Outlook:
Bearish Bias: Breakdown below $0.0305 could lead to a sharper fall toward untested support zones near $0.0280.
Short-Term Relief: Only a strong close above $0.0330 would suggest any short-term recovery potential.
โ Summary:
GUN is deep in bearish territory with strong volume confirming the downward move. Traders should remain cautious unless a reversal pattern or bullish breakout above resistance occurs.
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