- 1 GNO coin delivered a massive surge and noticed a rally on the charts.
- 2 Buyers have gained momentum and persisted in hoarding the coin.
Gnosis coin (GNO) price overtook the prompt hurdle of $200 and sprayed over 100% in the last weeks. GNO coin showcased the bull dominance and loomed the blue skyzone above $200. At present, GNO coin is trading in the unrestricted area where sellers are not able to dominate. Buyers are riding the advantage of the crypto market pump. GNO coin is the investors’ favorite now and buyers are acquiring traction.
Gnosis coin price is trading above the key moving averages and a sharp vertical spike was noted. Furthermore, the coin surpassed multiple hurdles decisively in a single go. GNO coin is resuming to form higher highs and is heading to retest the supply zone of $230, which is a strong resistance mark. If buyers sustain the pressure and succeed in escaping the zone of $230, a further surge of 10%-15% can be anticipated post-breakout.
The live price of the Gnosis (GNO) coin is $204.35 with an intraday gain of 0.07%, showing bullishness on the chart. Moreover, the trading volume increased by 1.42% to $8.61 Million and the pair of GNO/BTC is at 0.00542 BTC; market cap of GNO stood at $225.99 Million. Analysts have maintained a buy rating and suggest that GNO coin will perform well in the coming sessions.
Will GNO Coin Meet the Supply Zone of $230?
On the daily chart, GNO price is trading in the bullish trajectory and showcased bullish dominance. Furthermore, the price action shows buying momentum as investors show their interest signaled by the impulsive elevation in the trading volume this month.
The RSI curve is above 70, signaling an overbought status. GNO coin needs a retracement to continue the rise. The MACD indicator shows a bullish crossover and green bars on the histogram, suggesting a bullish outlook for the upcoming sessions.
Weekly Charts Displays Range Breakout
On the weekly chart, the Gnosis coin exhibits an intense retreat from the bottom mark of $90 and surged sharply. Moreover, the GNO coin surpassed the R1, and R2, and is approaching the R3 mark. Buyers are targeting the R4 mark which is near $230.
Gnosis (GNO) coin price exceeded the $200 mark and is steering to meet the R4 mark of $230 in a gigantic pullout move. A double bottom pattern was noted near $90, post which, the neckline of $170 was smashed through and GNO price escaped the 100-day EMA decisively.
Support Levels: $190 and $175
Resistance Levels: $215 and $230
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.