Gnosis (GNO)

Gnosis (GNO)
Gnosis is a consortium of synergistic projects transforming payment infrastructure to make decentralized financial tools accessible and user-friendly for everyone. The Gnosis ecosystem is built on the Gnosis Chain, a highly secure, resilient, and decentralized EVM Layer 1 network.

Gnosis has also been a part of crypto losers this week. GNO price suffered 2% this week making it the third most underperforming cryptocurrency this week. The daily chart highlights the formation of a falling wedge pattern with the price hovering near the lower boundary.

Gnosis saw a volatile week with the initial sessions headed for a recovery. However, the price suffered near the 200 day EMA and incurred a loss this week. The bulls need to surpass the 50 and 200 day EMAs in order to attain a bullish reversal.