GNO -19.5% 24h Drop Amid Extended Downtrend

On SEP 1 2025, GNO dropped by 19.5% within 24 hours to reach $129.55, marking a continuation of a long-term bearish trend. Over the past 7 days, the token has seen a staggering decline of 272.2%, while over the last month, the price has fallen by 19.5%. The annual performance remains particularly severe, with a 5192.03% drop since this time last year.

The recent sharp correction has intensified market sentiment, with traders and investors closely monitoring technical levels and volume patterns for potential support. The asset has been unable to maintain any meaningful bullish momentum in the face of continued selling pressure. Analysts project further volatility in the near term as market participants attempt to assess the extent of the bearish trend and potential catalysts for a reversal.

From a technical perspective, key indicators have aligned with the price action to reinforce the bearish outlook. The RSI remains in oversold territory, while the MACD has continued to trend downward, signaling a lack of upward momentum. These readings suggest a continuation of the current downtrend unless a strong positive catalyst emerges. However, the absence of significant buying pressure has left many questioning whether this is a temporary pullback or the start of a deeper correction.

GNO's recent price behavior highlights a structural challenge in regaining confidence among institutional and retail investors. While the token has seen occasional short-lived rebounds, these have lacked the volume and breadth needed to confirm a reversal. The broader market backdrop has also been a factor, with risk-off sentiment influencing trading decisions across crypto assets.