In this Gains Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for GNS-USDT. Gains Network (GNS) is a decentralized platform that utilizes blockchain technology to provide users with a secure and transparent way to earn rewards in the form of cryptocurrency. By leveraging machine learning algorithms, GNS enables users to optimize their investment strategies and maximize their returns. With its innovative approach to cryptocurrency rewards and user-friendly interface, GNS is poised to revolutionize the way we think about investing in the digital asset space.
Gains Network Price Overview:
As of July 08, 2024, Gains Network is trading at approximately 2.682 USDT. Let’s dive into the detailed price action for GNS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.553 |
| High (H) | 2.728 |
| Low (L) | 2.476 |
| Close (C) | 2.682 |
| Volume (C) | 180,150.50 |
- Open (O): The opening price for today’s trading session was approximately 2.553 USDT.
- High (H): Gains Network reached a daily high of around 2.728 USDT.
- Low (L): The daily low for GNS-USDT was approximately 2.476 USDT.
- Close (C): At the time of analysis, Gains Network is trading near its daily close of 2.682 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.05% |
| 3D Change (%) | 8.89% |
| 7D Change (%) | -8.37% |
| 30D Change (%) | -12.67% |
| 90D Change (%) | -42.30% |
| YTD Change (%) | -45.49% |
Over the past three days, GNSUSDT has increased by approximately 8.89%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -8.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GNSUSDT maintaining a downward trend of approximately -12.67%, despite intermittent fluctuations. Examining the last 90 days, GNSUSDT has witnessed substantial drop of approximately -42.30%, reflecting strong long-term confidence. Year-to-date, GNSUSDT has steadily decreased by around -45.49%, 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-USDT 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 0.63187.
- Momentum score is -0.05028.
GNS USDT Technical Analysis
Gains Network Trading Volume:
The trading volume for Gains Network (GNS) over the past 24 hours has been insignificant, with approximately 180,150.50 USDT 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-USDT is currently in the low zone, around 42.59304. This suggests that Gains Network is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Gains Network (GNS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Gains Network (GNSUSDT) at 2.68 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.
Missing our detailed breakdown on GNS BTC Gains Network Technical Analysis would be a lost opportunity if you found value in 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.