Here’s what Gnosis needs to do to flip BONK on the market cap charts
Gnosis (GNO) recently rallied 13% in 24 hours, bringing its market cap to $303.88 million and close to BONK's $330.07 million. However, technical indicators suggest a near-term pullback is likely. GNO's price pushed into the overvalued upper Bollinger Band, while the Money Flow Index shows heavy capital outflows, indicating active profit-taking. On-chain data reveals spot netflow turned negative, with significant selling into the rally. To flip BONK's market cap, GNO's price would need to climb to approximately $125.48. Analysts suggest this move may require a period of consolidation or a pullback to support levels before a renewed advance can occur.
ambcrypto07/16 06:02
