Gnosis (GNO) is currently priced at $118.09, reflecting a 24-hour decline of 1.55%. The daily trading range shows a volatility of 5.03%, with a high of $121.39 and a low of $116.36, indicating a tightening price action in the short term.

Volume stands at 3,195,750, resulting in a volume-to-market cap ratio of 1.02%, which is relatively low, suggesting a lack of strong buying interest. The hourly moving averages reveal a bearish trend, with the 8 SMA at $117.84 showing a slight uptick, while longer-term SMAs are declining, indicating potential downward pressure on the price.

The 1-hour RSI at 41 suggests that GNO is nearing oversold territory, while the 7-day RSI at 43 confirms that the asset is underperforming. Furthermore, the 7-day and 14-day price changes of -7.27% and -5.75%, respectively, indicate a persistent downtrend, with a more substantial 30-day decline of -14.35%.

Fundamentally, Gnosis has not shown significant upward momentum since its all-time high of $644.20 in November 2021, reinforcing the bearish sentiment in the market. The overall trend, combined with negative price action and low volume, suggests that investor confidence is waning.

Considering these factors, the recommendation for Gnosis (GNO) is a Sell rating. The persistent downward trends and technical indicators do not support a bullish outlook in the near term, and investors may want to exit their positions to minimize losses.