2024

Gnosis

The post <a href="https://coinpedia.org/price-analysis/gno-price-analysis-will-gnosis-top-500-this-week/">GNO Price Analysis: Will Gnosis Top $500 This Week?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a visible uptrend in motion, the GNO price trend shows a continuous bull run. Regular breakout events and the surge in trading volumes fuel the uptrend in the Gnosis token price.&nbsp; 
As the altcoin shows a new bullish week, the sideline traders anticipate a new all time high in the coming days. Will the uptrend in the Gnosis token surge above the $450 mark? Let’s find out now if&nbsp; the GNO price will cross $500 this week.&nbsp; 
<h2 class="wp-block-heading" id="h-post-retest-in-gnosis-eyes-500">Post-Retest In Gnosis Eyes $500</h2> 
With a 22% jump in the last 30 days, Gnosis reaches a market cap of $910 million. As the bull run in the GNO token price, the altcoin aims for a billion dollar market cap this month.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" src="https://www.tradingview.com/x/uNtsa3Cy/" alt="">
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<a href="https://www.tradingview.com/x/uNtsa3Cy/">Tradingview</a> 
In the 1W chart, the GNO price trend shows a bullish trend continuation with multiple flag pattern breakouts. Further, the trading volume in 2024 is surprisingly more, bolstering the bullish trend.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" src="https://www.tradingview.com/x/kqAVcGt1/" alt="">
</figure> 
<a href="https://www.tradingview.com/x/kqAVcGt1/">Tradingview</a> 
In the daily chart, the ongoing recovery is a positive cycle in the pullback phase. Hence, the rising GNO price reveals a challenging resistance trendline keeping the bullish growth under check.&nbsp; 
Currently, the altcoin trades at $348 following the impressive jump of 8.34% last night, to form a bullish engulfing Candle. However, higher price rejection and the intraday pullback of 1.63% reveals strong overhead supply.&nbsp; 
Technical indicator: 
EMA: The bullish recovery surpassed the 50D EMA with a positive trend in the 200D EMA.&nbsp; 
RSI: The daily RSI line shows a spike in buying pressure as it surpasses the halfway line. 
<h2 class="wp-block-heading" id="h-will-the-gno-price-reach-500">Will The GNO Price Reach $500?</h2> 
With the buyers attempting a resistance trendline breakout of a falling channel, the Gnosis token is on the verge of a price jump. Further, the overall uptrend visible in the weekly chart reveals a stronger bullish side.&nbsp; 
If the uptrend gains momentum with a brawl rally, then the GNO price can surpass the psychological mark of $500. Optimistically, the bull run will continue to reach $556 this month.&nbsp;

GNO Price Analysis: Will Gnosis Top $500 This Week?

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