GNO Technical Analysis Jan 23

GNO’s RSI at 48.29 shows neutral momentum, while MACD’s negative histogram emphasizes short-term pressure; the price remaining below EMA20 signals weakness in trend strength.

Trend Status and Momentum Analysis

GNO is trading at 136.93 dollars as of January 23, 2026, recording a slight 0.54% increase in the last 24 hours. The daily range is stuck between 134.34-139.42 dollars, indicating a sideways trend. Momentum indicators paint a generally indecisive picture: RSI at 48.29 hovers in the neutral zone, MACD gives a bearish signal, and with the price below EMA20 (139.16 dollars), the short-term trend is weak. The Supertrend indicator is also in a bearish position and highlights the 154.97 dollar resistance. Volume is low at 263.789 dollars, showing that momentum has not yet determined a strong direction. In multi-timeframe confluence, 16 strong levels have been identified; 1D has 4 supports/2 resistances, 3D has 3 resistances, 1W has 3 supports/4 resistances balance. This structure reflects the squeezed altcoin dynamics under BTC dominance and requires a cautious approach for momentum traders.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 48.29 and positioned in the neutral zone, giving neither overbought nor oversold signals. No regular divergence has been observed recently; while the price moves sideways, RSI follows a similar horizontal course. However, there is a slight trace of hidden bullish divergence on the 1D chart: While the price made a deeper low at recent bottoms (134.34 dollars), RSI formed higher lows (around 42). This indicates that momentum is weakening at the bottom and could be laying the groundwork for a potential reversal. Nevertheless, the divergence is likely to remain weak without volume confirmation; traders should confirm divergence with EMA crossovers. On the 4H timeframe, RSI dipped below 50, reinforcing bearish momentum, but on the daily chart, it shows stability around 48.

Overbought/Oversold Regions

RSI below 30 is defined as oversold, above 70 as overbought, and GNO at 48.29 is right in the middle. This neutral state reflects the sideways trend and is awaiting a catalyst for momentum to change direction. In the last 24 hours, RSI has shown a slight rise, confirming the price’s 0.54% gain but failing to break EMA20 resistance. If RSI breaks above 50, short-term bullish momentum could emerge; otherwise, a decline toward 40 would increase bearish pressure. Weekly RSI is near 52, keeping the overall trend strength neutral.

MACD Signals and Histogram Dynamics

MACD is in a bearish position; the signal line is below the MACD line, and the histogram is moving in negative values. Histogram bars have started to narrow recently, signaling that bearish momentum is losing strength and preparing for a potential crossover. On the daily chart, MACD is around -1.25, signal line at -0.85; the histogram’s approach to zero reflects the horizontal movement as part of the sideways trend. On 4H, the histogram shows negative expansion but conviction is weak due to low volume. For a bullish crossover, the histogram must break above the zero line; the current negative structure limits attacks toward the 137.95 dollar resistance. Momentum traders should monitor histogram expansion with volume, as narrowing could herald a reversal.

EMA Systems and Trend Strength

Short-Term EMAs

With the price below EMA20 (139.16 dollars), the short-term trend is bearish. There is consolidation between EMA10 and EMA20, with the ribbon narrowed, signaling consolidation. The price breaking above EMA20 could trigger bullish momentum with ribbon expansion; the current position carries the risk of testing the 135.40 dollar support. Short-term EMA dynamics support RSI neutrality and weaken trend strength.

Medium/Long-Term EMA Supports

EMA50 around 142.50 dollars forms resistance, while EMA200 above 150 dollars provides long-term support. The ribbon structure is bearish inclined in the medium term but horizontal in the long term; the price not falling below EMA50 shows that trend strength has not completely eroded. In multi-timeframe, 1W EMAs are supportive, promising a strong base around the 131.34 dollar confluence.

Bitcoin Correlation

BTC is at 89.583 dollars with a slight 0.11% increase and in a downtrend; Supertrend is bearish, and main supports are in the 88.382-84.681 dollar band. BTC dominance is pressuring altcoins, and GNO’s sideways movement aligns with BTC’s weak rally. If BTC fails to break the 91.079 dollar resistance, pressure on GNO below 135 dollars increases; conversely, a bullish BTC breakout could carry GNO to 144 dollars. BTC support loss requires caution in GNO Spot Analysis and GNO Futures Analysis positions.

Momentum Outcome and Expectations

GNO momentum analysis draws an indecisive picture with RSI neutrality, MACD negative histogram, and position below EMA20. Traces of divergence in the sideways trend carry reversal potential but lack volume confirmation. Supports at 131.34 (87/100), 135.40 (76/100); resistances at 137.95 (82/100), 144.50 (78/100). Bullish target 180.90 is low-scored, bearish 75.64 is weak; momentum confluence expects short-term consolidation in the 135-140 band. Traders should watch RSI 50 breakout and MACD histogram zero crossover. Overall outlook is neutral-bearish, with BTC correlation critical.