Gnosis Crypto Price Forecast: Will GNO Price Reach the $110 Mark?

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Gnosis Crypto Price Forecast: Will GNO Price Reach the $110 Mark?

  • 1 Gnosis crypto price decreased by 1.02% over the past seven days.
  • 2 Gnosis crypto price is currently trading at $99.51 with a rise of 0.88%% in the last 24 hours, with a market cap of $258.208 Million.

Gnosis crypto continues to exhibit weakness on the charts, with sellers exerting significant pressure in recent trading sessions. Furthermore, the chart structure favors the bears, and the price continues to form the lower low structure, which shows a fight between bears and bulls.

At the time of writing, Gnosis crypto price was $99.51 with an intraday rise of 0.88%, indicating bearishness. Buyers are making efforts to gain traction in the market, but they were only able to secure a few critical support levels. Intraday trading volume also decreased by 0.99% to $9,284,718 million. Moreover, the GNO crypto suggests further volatility in the following sessions.

The Gnosis crypto is trading in a downtrend on the daily charts and has underperformed in the past months. Furthermore, the technical indicators continue to signal bearishness.

Technical Analysis of Gnosis Crypto Price in 1-D Timeframe

Gnosis Crypto Price Forecast: Will GNO Price Reach the $110 Mark?

Source: Gnosis.1D.USD by TradingView

On the 4-hour charts, the GNO crypto price is currently under the control of the sellers, and buyers are not able to surpass the range of neutrality. The price action indicates that sellers are persistently pushing back against the bulls below the lower trajectory, causing the gains from the top to erode.

The relative strength index (RSI) curve is near the neutral range of 52, indicating negative divergence and bearishness on the charts.

The MACD indicator is neutral, and both the moving averages converge, which suggests that a significant move can be seen in the upcoming sessions.

At the time of publishing, Gnosis crypto (USD: GNO) is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price trend.

However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the GNO price is expected to move downwards giving bearish views over the daily time frame chart.

The current value of RSI is 42 points. The 14 SMA is above the median line at 40 points which indicates that the Gnosis crypto is bearish.

The MACD line at -1.68 and the signal line at -1.81 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the GNO crypto price.


Gnosis (USD: GNO) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the GNO crypto price. Gnosis Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.

Technical Levels

  • Support Levels: S1 $93.48, and S2 $85.04.
  • Resistance Levels: R1 $105.00, and R2 $113.44.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions


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