Gnosis Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Gnosis

  • Currently, GNO’s price is up $2.04 (0.68%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Gnosis’s hourly price chart is shown below.

GNO

The Daily View for Gnosis

  • At the moment, GNO’s price is up $1.41 (0.47%) from the day prior.
  • This is the 2nd day in a row Gnosis has seen its price head up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between GNO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GNO’s price.

Below is a daily price chart of Gnosis.

GNO

The Latest From GNO’s Blockchain

  • Over the past 29 weeks, the trend for GNO’s daily transaction count has been choppy and unclear. It has oscillated between 8 and 2863.
  • For GNO, its number of daily new addresses is now at 26.
  • GNO has an average transaction value of 68.416, down 44.42% from its value day prior.