In this Gains Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for GNS-BTC. Gains Network (GNS) is a decentralized platform that enables users to trade digital assets with leverage, providing liquidity and capital efficiency for both retail and institutional investors. The platform utilizes a novel consensus algorithm called “Proof of Gain” to incentivize participants and ensure the integrity of the network. With GNS, traders can access a wide range of digital assets and trading pairs, all within a secure and transparent ecosystem.
Gains Network Price Overview:
As of July 06, 2024, Gains Network is trading at approximately 7e-05 BTC. Let’s dive into the detailed price action for GNS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 7e-05 |
| High (H) | 7e-05 |
| Low (L) | 7e-05 |
| Close (C) | 7e-05 |
| Volume (C) | 361.32 |
- Open (O): The opening price for today’s trading session was approximately 7e-05 BTC.
- High (H): Gains Network reached a daily high of around 7e-05 BTC.
- Low (L): The daily low for GNS-BTC was approximately 7e-05 BTC.
- Close (C): At the time of analysis, Gains Network is trading near its daily close of 7e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.14% |
| 3D Change (%) | -1.90% |
| 7D Change (%) | -4.38% |
| 30D Change (%) | -32.55% |
| 90D Change (%) | -35.62% |
| YTD Change (%) | -38.06% |
Over the past three days, GNSBTC has fallen by approximately -1.90%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.38%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GNSBTC maintaining a downward trend of approximately -32.55%, despite intermittent fluctuations. Examining the last 90 days, GNSBTC has witnessed substantial decrease of approximately -35.62%, reflecting strong long-term confidence. Year-to-date, GNSBTC has steadily decreased by around -38.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Gains Network Live Chart:
You can access a live price chart for GNS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.29582.
- Momentum score is -0.16065.
GNS BTC Technical Analysis
Gains Network Trading Volume:
The trading volume for Gains Network (GNS) over the past 24 hours has been insignificant, with approximately 361.32 BTC traded against GNS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): GNS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Gains Network is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GNS-BTC is currently in the low zone, around 31.18217. This suggests that Gains Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Gains Network (GNS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Receive signals of caution for potential Gains Network (GNSBTC) downturns at 7.21e-05 BTC through bearish technical analysis, accompanied by weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on GNS USDT Gains Network Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.