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 cryptocurrency that utilizes advanced blockchain technology to provide secure and transparent transactions. With GNS, users can easily transfer value without the need for intermediaries, making it an attractive option for those looking for a more direct and trustworthy way to conduct financial transactions. Additionally, GNS has implemented a unique governance system that allows holders of its native token to have a say in the direction of the network, giving them a sense of ownership and control over its development.
Gains Network Price Overview:
As of September 22, 2023, Gains Network is trading at approximately 3.121 USDT. Let’s dive into the detailed price action for GNS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3.137 |
| High (H) | 3.161 |
| Low (L) | 3.087 |
| Close (C) | 3.121 |
| Volume (C) | 74,928.43 |
- Open (O): The opening price for today’s trading session was approximately 3.137 USDT.
- High (H): Gains Network reached a daily high of around 3.161 USDT.
- Low (L): The daily low for GNS-USDT was approximately 3.087 USDT.
- Close (C): At the time of analysis, Gains Network is trading near its daily close of 3.121 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.67% |
| 3D Change (%) | -3.91% |
| 7D Change (%) | -1.27% |
| 30D Change (%) | -19.60% |
| 90D Change (%) | -22.05% |
| YTD Change (%) | -48.26% |
Over the past three days, GNSUSDT has dropped by approximately -3.91%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -1.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GNSUSDT maintaining a downward trend of approximately -19.60%, despite intermittent fluctuations. Examining the last 90 days, GNSUSDT has witnessed substantial decrease of approximately -22.05%, reflecting strong long-term confidence. Year-to-date, GNSUSDT has steadily dropped by around -48.26%, 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 0.48452.
- Momentum score is -0.19603.
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 74,928.43 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 39.70901. 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.
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.
