$GAIA Token Struggles Below Key Resistance as Downtrend Persists

GaiAl Token (GAIX) manages a tepid 1.19% gain to $0.11787, but remains trapped in a clear bearish structure. On-chain data reveals a sizable holder base of 27,292 addresses, supporting a $19.35 million market cap. However, liquidity is modest at $1.38 million, and a $117.87 million fully diluted valuation presents a steep future supply overhang.

The technical outlook is challenging. The price is trading below the critical Supertrend resistance at $0.1363, having been rejected from the $0.1319 level. It is currently caught between immediate resistance at $0.1169 and support near $0.1083, following a descent from the $0.195 high. Minor buying activity is noted from address 0xc12e...271dbb.

The asset is at a make-or-break level. A powerful breakout above the Supertrend line at $0.1363 is required to signal a potential trend reversal, targeting the $0.1555 resistance. However, the prevailing momentum is weak. A breakdown below the $0.1083 support risks accelerating the decline toward the $0.09 zone. Until it reclaims the Supertrend, the path of least resistance remains down.