$GNS
🚨🚨 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 trend—backed by the redirection of revenue towards marketing growth following a governance vote—has 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 0.78–0.80 or on a clear breakout above 0.86
Targets: 0.92 \rightarrow 1.00 \rightarrow 1.10.
Stop-Loss: Below 0.74
Any softening in trading volume could trigger a sharp correction
$GNS
#GNS #Market_Update
🚨🚨 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 trend—backed by the redirection of revenue towards marketing growth following a governance vote—has 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 0.78–0.80 or on a clear breakout above 0.86
Targets: 0.92 \rightarrow 1.00 \rightarrow 1.10.
Stop-Loss: Below 0.74
Any softening in trading volume could trigger a sharp correction
$GNS
#GNS #Market_Update