GNO Technical Analysis Jan 23
The post GNO Technical Analysis Jan 23 appeared on BitcoinEthereumNews.com.
GNO’s RSI at 48.29 shows neutral momentum, while MACD’s negative histogram emphasizes short-term pressure; the price remaining below EMA20 signals weakness in trend strength. Trend Status and Momentum Analysis GNO is trading at 136.93 dollars as of January 23, 2026, recording a slight 0.54% increase in the last 24 hours. The daily range is stuck between 134.34-139.42 dollars, indicating a sideways trend. Momentum indicators paint a generally indecisive picture: RSI at 48.29 hovers in the neutral zone, MACD gives a bearish signal, and with the price below EMA20 (139.16 dollars), the short-term trend is weak. The Supertrend indicator is also in a bearish position and highlights the 154.97 dollar resistance. Volume is low at 263.789 dollars, showing that momentum has not yet determined a strong direction. In multi-timeframe confluence, 16 strong levels have been identified; 1D has 4 supports/2 resistances, 3D has 3 resistances, 1W has 3 supports/4 resistances balance. This structure reflects the squeezed altcoin dynamics under BTC dominance and requires a cautious approach for momentum traders. RSI Indicator: Buy or Sell? RSI Divergence Analysis RSI (14) is currently at 48.29 and positioned in the neutral zone, giving neither overbought nor oversold signals. No regular divergence has been observed recently; while the price moves sideways, RSI follows a similar horizontal course. However, there is a slight trace of hidden bullish divergence on the 1D chart: While the price made a deeper low at recent bottoms (134.34 dollars), RSI formed higher lows (around 42). This indicates that momentum is weakening at the bottom and could be laying the groundwork for a potential reversal. Nevertheless, the divergence is likely to remain weak without volume confirmation; traders should confirm divergence with EMA crossovers. On the 4H timeframe, RSI dipped below 50, reinforcing bearish momentum, but on the daily chart, it shows stability…
Filed under: News - @ January 24, 2026 1:25 am