$GUN 📈 Trend: Bearish to Oversold — Support Test in Progress
👉 Buy Zone: $0.02150 – $0.02240
🎯 Target: $0.02450 – $0.02700
🛑 Stop Loss: $0.02050
🧠 Market Note:
GUN is currently facing heavy selling pressure, down approximately 16.91% in the last 24 hours. However, the price is approaching a potential local bottom near $0.02204. The RSI(6) is at 29.75, indicating that the asset is in the oversold territory, which often leads to a technical bounce or relief rally.
The MACD shows bearish momentum is still present, but the shrinking red bars suggest the selling force might be exhausting. A break above the MA(50) at $0.02348 would be the first signal of a trend reversal. Traders should watch for a high-volume reversal candle at these support levels before entering.
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