GUN +401.28% in 24 hours as short-term technicals align with bullish momentum

On SEP 8 2025, GUN rose by 401.28% within 24 hours to reach $0.00002592, GUN rose by 0% within 7 days, rose by 273.48% within 1 month, and dropped by 4872.4% within 1 year.

The coin has experienced a sharp and sustained rise in the past 24 hours, with the 24-hour gain being the most pronounced. While the 7-day horizon remains flat, the one-month trend shows a 273.48% appreciation. This suggests a potential reversal from a long-term downward trend and a concentration of activity in the short term. Analysts project that such rapid upward movement may indicate either speculative accumulation or a shift in sentiment among core holders.

From a technical standpoint, the recent price action has brought GUN to critical levels of support and resistance. Short-term indicators, including RSI and MACD, are showing overbought conditions, which is not uncommon during sharp price surges. However, the divergence between price and momentum indicators raises questions about the sustainability of the move. Analysts caution that while the move is bullish in the immediate term, the absence of volume confirmation could indicate a lack of broad-based participation.

Backtest Hypothesis

A proposed backtesting strategy explores the potential of capturing short-term volatility in GUN using a combination of moving averages and RSI divergence signals. The strategy enters long positions when the 12-period and 26-period exponential moving averages cross above one another and RSI shows a bullish divergence, indicating weakening bearish momentum. Exit rules include a trailing stop loss and a target based on the 200-period moving average. This approach is designed to capture sharp price reversals while limiting exposure during consolidation phases.