- Bullish GNO price prediction is $193.7 to $420.
- The GNO price will also reach $500 soon.
- GNO bearish market price prediction for 2022 is $97.3.
In Gnosis (GNO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about GNO to analyze the future movement of the cryptocurrency.
Gnosis (GNO) Current Market Status
According to CoinGecko, the price of Gnosis (GNO) is $162.40 with a 24-hour trading volume of $2,511,645 at the time of writing. However, GNO has decreased to 3.33% in the last 24 hours.
Moreover, Gnosis (GNO) has a circulating supply of 2,579,588 GNO. Currently, GNO trades in cryptocurrency exchanges such as Binance, BTCEX, BingX, DigiFinex and XT.COM.
What is Gnosis (GNO)?
The native token of the Gnosis ecosystem is called GNO. Gnosis began as a decentralized prediction market on the Ethereum blockchain in 2015. Gnosis stated that it intends to evolve into a Decentralized Autonomous Organization (DAO) around the year of 2020. The term “Gnosis decentralized autonomous organization” (DAO) refers to a collective of Gnosis users that provide advice to users on how to establish, support, and regulate their token ecosystem. The Gnosis Chain is an Ethereum Virtual Machine (EVM) execution-layer chain that uses the xDAI stablecoin to enable transactions and cover fees. The Gnosis Beacon Chain (GBC) consensus layer protects the network. GNO serves as the governance token for the GnosisDAO and is utilised for staking on the Gnosis Beacon Chain.
Gnosis (GNO) Price Prediction 2022
Gnosis (GNO) holds the 95th position on CoinGecko right now. GNO price prediction 2022 is explained below with a daily time frame.
An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Gnosis (GNO) is at $162.40. If the pattern continues, the price of GNO might reach the resistance level of $193.7, $288.1, and $420. If the trend reverses, then the price of GNO may fall to $97.3.
Gnosis (GNO) Support and Resistance Levels
The chart below shows the support and resistance levels of Gnosis (GNO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Gnosis (GNO).
- Resistance Level 1 – $193.7
- Resistance Level 2 – $288.1
- Resistance Level 3 – $420
- Support Level 1 – $132.6
- Support Level 2 – $97.3
The charts show that GNO has performed a bullish trend over the past month. If this trend continues, GNO might run along with the bulls overtaking its resistance level at $420.
Accordingly, if the investors turn against the crypto, the price of the GNO might plummet to almost $97.3, a bearish signal.
Gnosis (GNO) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Gnosis (GNO) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GNO lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Gnosis (GNO) is shown in the above chart. Notably, the GNO price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, GNO is in a bullish state. There is a possibility of a reversal trend of GNO at any time.
Meanwhile, the relative strength index (RSI) of the GNO is at a level of 55.93. This means that GNO is in neither oversold or overbought state. However, this gives confidence to the traders to trade without any fear.
Gnosis (GNO) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Gnosis (GNO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Gnosis (GNO). Currently, GNO lies in the range of 34.1, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Gnosis (GNO). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GNO lies below 50, indicating that the direction of volatility is low. In fact, GNO’s RSI is at 55.93, thus confirming a potential buy signal.
Comparison of GNO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Gnosis (GNO).
From the above chart, we can interpret ETH, BTC, and GNO are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GNO also increase or decrease respectively.
Gnosis (GNO) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Gnosis (GNO) might probably attain $575 by 2023.
Gnosis (GNO) Price Prediction 2024
With several upgrades in the network, Gnosis (GNO) might enter a bullish trajectory. If the coin grabs the attention of major investors, GNO might rally to hit $700 by 2024.
Gnosis (GNO) Price Prediction 2025
If Gnosis (GNO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, GNO would rally to hit $810.
Gnosis (GNO) Price Prediction 2026
If Gnosis (GNO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, GNO would rally to hit $920.
Gnosis (GNO) Price Prediction 2027
If Gnosis (GNO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, GNO would rally to hit $990.
Gnosis (GNO) Price Prediction 2028
If Gnosis (GNO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, GNO would hit $1400.
Gnosis (GNO) Price Prediction 2029
If investors flock in and continue to place their bets on Gnosis (GNO), it would witness major spikes. GNO might hit $1900 by 2029.
Gnosis (GNO) Price Prediction 2030
With greater advancements in the Gnosis ecosystem, the crypto community might continue to invest in Gnosis (GNO) for the next 8 years and drive significant price rallies for the token. Hence, Gnosis (GNO) might hit $2500 by 2030.
Conclusion
With continuous improvements in the Gnosis network, we can say that 2022 is a good year for GNO. For this reason, the bullish price prediction of Gnosis (GNO) in 2022 is $420. On the other hand, the bearish price prediction of Gnosis (GNO) for 2022 is $97.3.
Furthermore, with the advancements and upgrades in the Gnosis ecosystem, the performance of Gnosis (GNO) would rise to reach above its new all-time high (ATH) of $644.20 very soon. But, it might also reach $500 if the investors believe that GNO is a good investment in 2022.
FAQ
GNO is the native token of the Gnosis ecosystem. Gnosis is an open-source, decentralized prediction market platform built on the Ethereum blockchain.
Gnosis (GNO) has been listed on many crypto exchanges which include Binance, BTCEX, BingX, DigiFinex and XT.COM.
With the ongoing developments and upgrades within the Gnosis platform, Gnosis (GNO) has a high possibility of reaching its ATH soon.
On November 08, 2021, Gnosis (GNO) reached its new all-time high (ATH) of $644.20.
Gnosis (GNO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Gnosis in the past few months, GNO is considered a good investment in 2022.
Gnosis (GNO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Gnosis (GNO) will hit $500 soon.
Gnosis (GNO) price is expected to reach $575 by 2023.
Gnosis (GNO) price is expected to reach $700 by 2024.
Gnosis (GNO) price is expected to reach $810 by 2025.
Gnosis (GNO) price is expected to reach $920 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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