Gnosis (GNO) and Augur (REP) Technical Analysis: Eyes on All-Time Highs

Dalmas  |  Aug 25, 2021

Gnosis and Augur price actions are divergent. While REP coin consolidates, GNO bulls are galloping head along, targeting all-time highs of $320.

Gnosis (GNO)

The platform is a predictions market on the Ethereum platform using a dual-token system and staking. GNO is the primary token.

Past Performance of GNO

The Gnosis price is solid, trading at around new H2 2021 highs as per the GNO technical analysis in the daily chart.

Technically, every low may be a loading opportunity for optimistic buyers expecting a moonshot to new 2021 highs.

GNO is now up 15 percent versus the greenback on the last trading day.

Day-Ahead and What to Expect

The path of least resistance is northwards, and GNO crypto prices are solid.

Besides, the upside momentum of the Gnosis price is solid reading from the solid bars along the upper BB.

Overly, buyers are in control, breaking away from the consolidation from August 11 to 21.

Gnosis Technical Analysis

Gnosis Price Daily Chart for Aug 25

With buoyant bulls, Gnosis buyers are definitely in control.

There are on the cusp of retesting May 2021 highs of around $320—the immediate target.

Accordingly, GNO crypto traders may seek to load the dips on pullbacks with targets at $320, affirming Gnosis buyers of early August 2021.

Augur (REP)

The predictions market on Ethereum is one of the most active protocols. REP primes its ecosystem.

Past Performance of REP

It is chaos for REP coin traders in the short term.

As per the Augur price prediction, the token is trading in a bullish token from a top-down view.

However, there is no definitive trend now that Augur crypto is in a protracted consolidation weaving around $30.

REP coin is stable against the USD at the time of writing, sliding five percent on the last trading day.

Day-Ahead and What to Expect

The consolidation is being approached cautiously by traders reading from low trading volumes.

Although Augur coin is trading in a bullish breakout pattern, REP coin prices must first clear $40 to confirm the upswing of late July 2021.

REP Technical Analysis

Augur Price Daily Chart for Aug 25

Augur crypto prices are in an extended consolidation as per price action in the daily chart.

While REP traders might pick the dips, loading expecting prices to recover above August 2021 highs to above July 2021 highs of $40, some are cautious.

Losses below $23—August 2021 lows—would effectively deflate REP buyers, triggering a possible liquidation below $15—or worse.

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