Gnosis (GNO) has been on a strong run, recently hitting a two-month high of $196.67 before settling at $190.4. The token has surged 86% this year, with a 13.7% increase in the last two weeks.
Key Price Levels to Watch Technically, Gnosis shows bullish momentum, trading above its 50-day and 100-day EMAs. However, its 14-day RSI of 62.94 suggests a potential short-term correction. Key support sits at $167.74, with resistance at $194.61 and a long-term target of $246.4.
What’s Driving Gnosis?
Gnosis Pay: A crypto debit card offering seamless crypto-to-fiat transactions, expanding to the US, Brazil, and Singapore.
Stablecoin Integration: Supports stablecoin EURe and fiat, attracting a wider user base.
Incentives: Cashback rewards for early adopters, boosting engagement.
Gnosis Ecosystem: Includes Gnosis Chain and GnosisDAO, fostering long-term growth.
Investment Outlook Gnosis blends innovation with strong fundamentals. While it’s showing growth potential, investors should monitor support levels and be mindful of possible short-term corrections.
