TLDR GARI Network’s price fell 8.78% in the past 24h, underperforming the broader crypto market (-4.63%). Key drivers include profit-taking after a 228% monthly rally, technical resistance, and lingering liquidity risks from exchange delistings.
- Profit-taking after parabolic rally – 30-day surge triggers sell pressure.
- Technical resistance – Bearish MACD crossover and rejection at key moving averages.
- Exchange delisting impact – CoinW’s June 2025 delisting reduced liquidity buffers.
Deep Dive
1. Profit-Taking After Parabolic Rally (Bearish Impact)
Overview: GARI rallied 228% in 30 days, peaking at $0.0183 before retracing. The token’s 24h trading volume spiked 88% to $1.2M, suggesting traders are cashing out gains.
What this means: Retail investors often exit positions after rapid appreciation, especially in low-cap assets like GARI ($3.67M market cap). The lack of major fundamental updates since July’s Aptos ecosystem hype (NullTX) left the rally vulnerable to corrections.
2. Technical Resistance at Key Levels (Bearish Impact)
Overview: GARI faces resistance at its 7-day EMA ($0.00669) and 200-day SMA ($0.00347). The MACD histogram turned negative (-0.00022564) on August 25, signaling bearish momentum.
What this means: Traders often interpret MACD crossovers as sell signals. The RSI (49.93) hovering near neutral suggests weak buying interest to counter selling pressure. A break below the 30-day SMA ($0.00476) could trigger further downside.
What to watch: Whether the price stabilizes above the 30-day SMA – a key support level.
3. Liquidity Risks From Exchange Delistings (Mixed Impact)
Overview: CoinW delisted GARI/USDT in June 2025, removing a liquidity pool. While Kraken and KuCoin listings provided offsetting exposure, smaller exchanges like CoinW historically accounted for ~15% of GARI’s volume.
What this means: Reduced liquidity amplifies volatility during sell-offs. However, the token’s 24h turnover ratio (0.332) remains healthy compared to micro-caps, suggesting core markets are intact.
Conclusion
GARI’s drop reflects natural profit-taking after a speculative rally, compounded by thin liquidity and bearish technicals. While the Aptos ecosystem narrative persists, traders appear cautious without fresh catalysts.
Key watch: Can GARI hold the $0.00476 support level, or will sellers push toward the 200-day SMA ($0.00347)?