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- The Gnosis crypto hit its all-time high price almost two years ago.
- In the last 24 hours, GNO crypto has lost its value by more than 7.3%.
Gnosis is a DAO that builds and uses decentralized products for the Ethereum ecosystem. It aims to solve scaling problems and enable prediction markets, multi-sig accounts, and composable DAOs. It was founded by ConsenSys in 2015 and became independent in 2017.
The Gnosis crypto hit its all-time high price of $644.20 about two years ago and since then the price has declined by 65%. The current trading price of the crypto is $206.50 and the market cap dominance of the crypto is 0.032%.
Also, the volume/market cap ratio of the crypto is 0.30069 and the market cap rank of the crypto is 113th as per Coingecko. The trading volume of the Gnosis has advanced by 14.1% in the last 24 hours and the market cap has declined by 7.4% resulting in $533.354M.
The current TVL of the Gnosis crypto as per DefiLlama is $234.85M, which has subsequently in recent times. It is further followed by 9.04K active addresses for the crypto.
Gnosis Crypto Token Overview
The total supply of the Gnosis crypto is just 3.0M GNO followed by the same amount of max supply. The current circulating supply of the crypto is 2.589M GNO, which is 86% of the total supply. Also, the fully diluted market cap of the crypto is $617.619M.
GNO Crypto Technical Analysis
The GNO crypto price has broken above the change of character level, which indicates a strong change in trend to bullish. The price of the crypto is currently retracing from the higher levels and if it manages to sustain above the level of $195.00, we might get to see higher levels in the future.
GNO/USD Chart by TradingView
The 50-day and the 200-day EMAs are trading in a golden cross and GNO crypto price is slightly declining towards the 50-day EMA. Although the price of the GNO crypto also has declined below the median line of the Bollinger Band, it might rebound as it is trading above the 50-day EMA.
After trading in the overbought zone for a long time, the value of the RSI is quickly declining and has broken below the 50-level. Despite this, if the RSI fails to hit the oversold zones and rebounds above the 50-level, the price of the crypto can continue the uptrend.
Conclusion
The GNO crypto price has recently broken above a crucial resistance level, signaling a potential bullish trend reversal. The technical indicators are also supportive of further upside, as long as the price stays above the key support levels. GNO crypto could be on the verge of a major rally, as it aims to reclaim its all-time high and beyond.
Technical Levels
- Support levels- $126.60 and $185.00
- Resistance levels- $290.00 and $330.00
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
