Market Overview: Gnosis (GNOUSDT) 24-Hour Technical Review

• Gnosis (GNOUSDT) tested key support at $132.00–130.74 and bounced amid mixed momentum.
• Price formed bearish engulfing patterns on the 15-minute chart during the early NY session.
• Volatility widened with a 24-hour range of $135.45–128.84, but volume declined toward the close.
• RSI indicated oversold conditions below 30, but price failed to close above critical psychological level $135.
• Bollinger Bands suggest tightening range-bound behavior as price reverts toward the 20-period MA.

Gnosis (GNOUSDT) opened at $134.25 on 2025-08-18 12:00 ET, reached a high of $135.45, touched a low of $128.84, and closed at $130.03 by 2025-08-19 12:00 ET. Total volume for the 24-hour period was 1,369.14 units, and notional turnover (amount in USD) summed to $176,031.45.

Structure & Formations

Price broke below a key consolidation zone between $134.00 and $135.45 with a bearish engulfing pattern around 19:15–19:30 ET. This triggered a sharp move to the downside, with the 15-minute chart showing multiple bearish reversal signs during the NY trading session. Notable support levels tested included $133.00 and $132.00, with the latter holding during the early morning hours. A doji formed near $130.74, suggesting a temporary pause in the bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period MA acted as a dynamic resistance during the initial bearish phase, with price failing to retest the 50-period MA after the $134.90 high. The 50-period MA on the daily chart currently sits above the recent close, reinforcing a short-term bearish bias. The 200-period MA is far higher, indicating a broader bearish context.

MACD & RSI

The MACD line showed a bearish crossover on the 15-minute chart during the NY session, with the histogram diverging as price continued lower. RSI dropped below 30 late in the session, indicating oversold conditions. However, the failure to rebound above the 50-level suggests buyers are hesitant. Momentum appears to have waned, and without a retest of the 135.45 high, a bearish continuation seems likely.

Bollinger Bands

Volatility expanded during the initial breakdown from the $134.00–135.45 range, with price briefly touching the lower band at $129.22. The bands have since narrowed, indicating a potential return to range-bound trading. If price breaks out of the current $129.00–132.50 range, the next Bollinger Band target could be either the upper $134.50 or lower $127.00 level.

Volume & Turnover

Volume spiked during the breakdown from $135.45, with a 15-minute bar near that level showing 35.086 units. However, volume has since declined, particularly in the final 6 hours of the period. Notional turnover also shows a divergence from price, with the largest turnover occurring before the bearish reversal. This suggests a potential shift in short-term sentiment.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $135.45 to $129.22, key retracement levels at 38.2% ($132.84) and 61.8% ($133.78) were both tested but failed to hold. On the daily chart, the 61.8% retracement level of the larger uptrend remains at $135.00, which could become a significant resistance if price retraces upward.

In the next 24 hours, Gnosis (GNOUSDT) may attempt to test $133.00–134.50 as a short-term target, with a potential breakdown toward $127.00–128.00 looming if the current bearish momentum persists. Investors should monitor the 20-period MA and 133.00 support for early signals of a reversal. As always, be cautious of macro events and broader market sentiment that may influence price behavior.