đ $GNS /USDT â Bullish Reawakening or Fakeout?
GNS just delivered a powerful green candle, reclaiming lost ground and signaling renewed interest after days of consolidation. The move comes after price respected both MA25 and MA99 as dynamic support zones.
đ Technical Snapshot:
Price: $1.961
MA7: $1.746 â recently reclaimed
MA25: $1.714 â acting as local support
MA99: $1.402 â long-term bullish floor
đ Key Bullish Signs:
Strong bullish engulfing with above-average volume
Held above MA25 for 2 days â base forming at higher lows
Breakout candle closed above short-term resistance at ~$1.90
đŻ Resistance Levels:
$2.15â2.20: Local wick highs â needs strong push to flip
$2.50+: Major psychological and previous rejection level
$3.00+ â Long-term target if momentum sustains
đĄïž Support Zones:
$1.74â$1.71: MA cluster support
$1.60: Minor pullback zone
$1.40: Long-term MA99 safety net
đĄ Outlook:
GNS is flashing signs of a potential breakout continuation, but confirmation lies in follow-through above the $2.15 zone. A pullback toward $1.80 could offer a higher low entry if momentum cools. Overall, the structure favors bulls as long as $1.70 holds.
â ïž DYOR â Do Your Own Research. This is not financial advice. Markets can be volatile â always trade responsibly!