$GNS just lost its last leg low — $0.378 broke on three straight hourly closes, and it's sitting $0.014 above fresh air.
The wobble from this morning is now a leg. The reclaim failed, then GNS chopped $0.399–$0.407 all night before rolling over: 03:00 closed $0.376 under the $0.378 leg low, 04:00 $0.371, a 05:00 reclaim to $0.382 that lasted exactly one hour — then 06:00 $0.375, 07:00 $0.377, 08:00 $0.368. Three straight closes under the line. The 08:00 hour even wicked to $0.356, a fresh 24-hour low.
Live $0.364, -23% in 24 hours, $3.37M of Binance volume. From the $0.575 high two days ago that's -37% peak to trough. The chart sits under both EMAs ($0.394 / $0.400) with RSI 39 — cooled, not washed out.
Gains Network is a perp DEX token, rank #1302, $8.7M market cap, every token already circulating, 97% below its $12.48 all-time high. No fresh headline — quote pages only. This is flow, not news, and the same no-news flow that blasted it +45% on Saturday is now giving it all back. That's the warning from October too: the $0.579 spike flushed 20% the same day.
The other side: the break printed on thin volume — $14k–$50k an hour overnight, collapsing all night. A reclaim of $0.378 on a real bar unwrites the chapter fast.
Levels: $0.378 is the line now. Under it, $0.357 is the fresh low — a closed hour below that and there's no recent shelf until $0.324, then $0.305. Above, $0.450 is the shelf it lost yesterday, $0.467 the reclaim line.
Not a call, either way. The 10:00 UTC close decides the next one — does $0.357 hold, or does the leg keep chewing?