⚠️ Will $GNO rebound or dip further? ⚠️

Looking at $GNO , we’re at a critical point where the market needs to decide its next move. After a long downtrend, the price is hovering around $147, struggling to break above the 7-day and 25-day moving averages, which are sitting at $149 and $148 respectively. These moving averages are acting as resistance, making it tough for GNO to climb higher.

The MACD is still in the negative zone, indicating a lack of bullish momentum. However, the histogram is flat, signaling that downward momentum is slowing down. But with the 99-day moving average looming high at $166, GNO would need a significant push to turn things around. Volume is also relatively low, showing that there isn’t enough buying pressure to initiate a strong recovery.

In short, the odds are still in favor of a bearish scenario unless a strong catalyst appears. If $GNO can’t break through the $150 zone soon, we could see a pullback to support levels around $130. Keep an eye on the volume—without it, the downtrend might continue.