Analysis: At $0.00035, 
GNC appears to be in a consolidation phase after an initial post-listing pump, as observed on the 1-hour chart. The token is trading within a tight range of $0.00033–$0.00037, with declining volatility suggesting a potential big move soon. A bearish RSI divergence is forming, where the price is making higher highs, but RSI (currently 58) is showing lower highs, indicating weakening momentum. This could lead to a short-term pullback to the $0.00030–$0.00032 support zone, aligning with the 50-period MA. However, the broader trend remains bullish, supported by the GameFi narrative and Greenchie’s engaged community. The MACD indicator shows a bullish crossover, with the signal line above the MACD line, but the histogram is flattening, hinting at a pause in momentum. Post-airdrop distribution (200M GNC) may cause selling pressure from profit-takers, but the 5% airdrop allocation and 36-month vesting for community rewards suggest long-term HODLing incentives. If GNC holds above $0.00030, a bounce toward $0.00040 is plausible by May 20, 2025.
Key Levels:
Resistance: $0.00037, $0.00040
Support: $0.00032, $0.00030
Action: Wait for a dip to $0.00032 for a low-risk entry or enter long above $0.00037 with a stop-loss at $0.00029. Watch RSI and MACD for trend confirmation. #GNC #GameFi #CryptoAnalysis
GNC appears to be in a consolidation phase after an initial post-listing pump, as observed on the 1-hour chart. The token is trading within a tight range of $0.00033–$0.00037, with declining volatility suggesting a potential big move soon. A bearish RSI divergence is forming, where the price is making higher highs, but RSI (currently 58) is showing lower highs, indicating weakening momentum. This could lead to a short-term pullback to the $0.00030–$0.00032 support zone, aligning with the 50-period MA. However, the broader trend remains bullish, supported by the GameFi narrative and Greenchie’s engaged community. The MACD indicator shows a bullish crossover, with the signal line above the MACD line, but the histogram is flattening, hinting at a pause in momentum. Post-airdrop distribution (200M GNC) may cause selling pressure from profit-takers, but the 5% airdrop allocation and 36-month vesting for community rewards suggest long-term HODLing incentives. If GNC holds above $0.00030, a bounce toward $0.00040 is plausible by May 20, 2025.Key Levels:
Resistance: $0.00037, $0.00040
Support: $0.00032, $0.00030
Action: Wait for a dip to $0.00032 for a low-risk entry or enter long above $0.00037 with a stop-loss at $0.00029. Watch RSI and MACD for trend confirmation. #GNC #GameFi #CryptoAnalysis
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.