$GNS
đšđš The official team is heavily pushing the "deflationary flywheel" narrative after burning over a million tokens in recent weeks, which has driven the total supply down to under 29 million
This deflationary trendâbacked by the redirection of revenue towards marketing growth following a governance voteâhas attracted significant speculative liquidity towards the gTrade leveraged trading protocol, particularly amidst surging trading volumes across the DeFi sector
Momentum is strongly bullish and the price is holding above all moving averages, though the RSI is in extreme overbought territory
$GNS
Entry: Buy on a pullback to 0.78â0.80 or on a clear breakout above 0.86
Targets: 0.92 \rightarrow 1.00 \rightarrow 1.10.
Stop-Loss: Below 0.74
âAny softening in trading volume could trigger a sharp correction
$GNS
#GNS #Market_Update
đšđš The official team is heavily pushing the "deflationary flywheel" narrative after burning over a million tokens in recent weeks, which has driven the total supply down to under 29 million
This deflationary trendâbacked by the redirection of revenue towards marketing growth following a governance voteâhas attracted significant speculative liquidity towards the gTrade leveraged trading protocol, particularly amidst surging trading volumes across the DeFi sector
Momentum is strongly bullish and the price is holding above all moving averages, though the RSI is in extreme overbought territory
$GNS
Entry: Buy on a pullback to 0.78â0.80 or on a clear breakout above 0.86
Targets: 0.92 \rightarrow 1.00 \rightarrow 1.10.
Stop-Loss: Below 0.74
âAny softening in trading volume could trigger a sharp correction
$GNS
#GNS #Market_Update