AnySwap (ANY) and Gnosis Protocol (GNO) Technical Analysis: Time for a New Dawn?

Dalmas  |  Oct 26, 2021

AnySwap and Gnosis Protocol buyers are in control. From the daily chart, ANY is dominating ETH as GNO bulls set sight on $650.

AnySwap (ANY)

The DEX is the most active in Polygon using the ANY token for governance.

Past Performance of ANY

The AnySwap coin prices remain in consolidation while ANY crypto dominates ETH.

Reading from the ANY technical analysis of the daily chart, AnySwap token buyers are in control. However, there are flashes of ETH strength.

Day-Ahead and What to Expect

As per the ETH/ANY candlestick arrangement in the daily chart, ANY coin buyers are in control.

Even so, prices are consolidating as ETH steadies. The result is a sideways movement with caps at 300 ANY and 530 ANY support and resistance levels.

A confirmation of the ETH gain of October 20 and 21 may see the ANY cede ground as momentum builds up for a retest of immediate resistance.

AnySwap Technical Analysis

AnySwap Daily Price Chart for October 26

ANY token is bullish when writing.

Although prices are moving sideways, inside a 230 ANY range, bears are in control unless there is confirmation of mid-last week's surge.

In the short term, support is at 300 ANY. A close below this mark may see the coin trend at new highs versus ETH.

On the flip side, a correction above the middle BB and 530 ANY may kick-start a reversal, placing ETH in control.

Gnosis Protocol (GNO)

The predictions market on Ethereum is one of the earliest using GNO for governance.

Past Performance of GNO

The Gnosis Protocol price is on a tear, reading from the GNO technical analysis. From the daily chart, the GNO token prices are trending at new 2021 highs and firm to the upside.

Day-Ahead and What to Expect

As per the GNO crypto candlestick arrangement, buyers are in the driving seat, printing higher in price discovery.

At this pace, the GNO/USDT price would likely continue expanding as more participants flow in.

Accordingly, aggressive traders may load the dips above $350 and the middle BB targeting $650---a key reaction point extended from H2 2021 highs.

Gnosis Protocol Technical Analysis

Gnosis Protocol Daily Price Chart for October 26

The path of the least resistance is northwards as GNO buyers have been rampant.

After edging past H2 2021 highs to new 2021 zones, price action is at price discovery.

As such, aggressive traders may find entries on dips, targeting $650—the 1.618 Fibonacci extension level of the H2 2021 trade range.

A dip below $350 may slow down the uptrend, while deeper losses below $320 would shift the trend in favor of sellers.

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