Analysis: 
GNC, currently priced at $0.00035, is showing signs of a classic ascending triangle pattern on the 4-hour chart, a bullish setup often preceding significant price breakouts. The token has formed higher lows since its Gate.io listing on May 13, 2025, with resistance holding firm around $0.00038. Volume is steadily increasing, suggesting growing buyer interest, especially as the Greenchie Telegram game’s 40,000+ active users fuel community hype. The Relative Strength Index (RSI) is at 62, indicating room for upward movement before entering overbought territory (above 70). A breakout above $0.00038 could target $0.00045, a 28% gain, with support at $0.00032 if a pullback occurs. The 50-period moving average (MA) is trending upward, crossing above the 200-period MA, forming a golden cross—a strong bullish signal. However, traders should watch for a potential fakeout if volume doesn’t sustain the breakout. With the HODLer Airdrop ending May 13, 2025, increased liquidity from 200M GNC rewards could drive volatility.
Key Levels:
Resistance: $0.00038, $0.00045
Support: $0.00032, $0.00028
Action: Consider a long position on a confirmed breakout above $0.00038 with a stop-loss below $0.00032. Monitor volume and RSI for confirmation. #GNC #TechnicalAnalysis #Bullish
GNC, currently priced at $0.00035, is showing signs of a classic ascending triangle pattern on the 4-hour chart, a bullish setup often preceding significant price breakouts. The token has formed higher lows since its Gate.io listing on May 13, 2025, with resistance holding firm around $0.00038. Volume is steadily increasing, suggesting growing buyer interest, especially as the Greenchie Telegram game’s 40,000+ active users fuel community hype. The Relative Strength Index (RSI) is at 62, indicating room for upward movement before entering overbought territory (above 70). A breakout above $0.00038 could target $0.00045, a 28% gain, with support at $0.00032 if a pullback occurs. The 50-period moving average (MA) is trending upward, crossing above the 200-period MA, forming a golden cross—a strong bullish signal. However, traders should watch for a potential fakeout if volume doesn’t sustain the breakout. With the HODLer Airdrop ending May 13, 2025, increased liquidity from 200M GNC rewards could drive volatility.Key Levels:
Resistance: $0.00038, $0.00045
Support: $0.00032, $0.00028
Action: Consider a long position on a confirmed breakout above $0.00038 with a stop-loss below $0.00032. Monitor volume and RSI for confirmation. #GNC #TechnicalAnalysis #Bullish
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.