In this Gains Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for GNS-BTC. Sure, here are three sentences about Gains Network (GNS) cryptocurrency: Gains Network (GNS) is a decentralized platform that leverages blockchain technology to provide users with a secure and transparent way to earn rewards in the form of cryptocurrency. By participating in various activities such as content creation, voting, and social engagement, users can accumulate GNS tokens, which can be used to access premium content, merchandise, and other exclusive offerings within the platform’s ecosystem. With its innovative approach to rewarding user engagement, Gains Network is poised to revolutionize the way we interact with online communities and content.
Gains Network Price Overview:
As of October 03, 2023, Gains Network is trading at approximately 0.00012 BTC. Let’s dive into the detailed price action for GNS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00012 |
| High (H) | 0.00013 |
| Low (L) | 0.00012 |
| Close (C) | 0.00012 |
| Volume (C) | 7,262.63 |
- Open (O): The opening price for today’s trading session was approximately 0.00012 BTC.
- High (H): Gains Network reached a daily high of around 0.00013 BTC.
- Low (L): The daily low for GNS-BTC was approximately 0.00012 BTC.
- Close (C): At the time of analysis, Gains Network is trading near its daily close of 0.00012 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -6.21% |
| 3D Change (%) | -11.49% |
| 7D Change (%) | -3.65% |
| 30D Change (%) | -3.00% |
| 90D Change (%) | -14.92% |
| YTD Change (%) | -54.45% |
Over the past three days, GNSBTC has declined by approximately -11.49%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.65%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GNSBTC maintaining a downward trend of approximately -3.00%, despite intermittent fluctuations. Examining the last 90 days, GNSBTC has witnessed substantial drop of approximately -14.92%, reflecting strong long-term confidence. Year-to-date, GNSBTC has steadily decreased by around -54.45%, 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 0.38906.
- Momentum score is -0.03003.
GNS BTC Technical Analysis
Gains Network Trading Volume:
The trading volume for Gains Network (GNS) over the past 24 hours has been significant, with approximately 7,262.63 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 40.2225. 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 significant trading volume are low signals for potential downward movement.
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.
