💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
#PostToWinCGN $CGN is displaying promising momentum as market sentiment continues to improve, with traders closely monitoring its Relative Strength Index (RSI) to gauge near-term direction. Currently, the RSI stands around 62–65, signaling a moderately bullish phase where buying pressure is evident but not yet overextended. This positioning suggests that $CGN still has room to advance before entering overbought territory, which typically occurs when RSI crosses above 70.
In recent sessions, $CGN has maintained a pattern of higher lows, indicating that bulls remain in control. The RSI’s gradual ascent reflects growing confidence and sustained accumulation rather than speculative spikes, a healthy sign for long-term stability. However, if the RSI begins to hover above 70 for an extended period, traders should be cautious of potential short-term corrections as profit-taking could emerge.
From a technical standpoint, support lies near $0.018, a zone where previous dips attracted strong buying interest, while resistance is observed around $0.026, where selling pressure tends to reappear. A decisive breakout above this resistance, accompanied by an RSI move toward 70+, could confirm renewed bullish momentum.
Overall, $CGN’s RSI points to a balanced yet upward-biased trend, favoring gradual accumulation over aggressive entry. As long as RSI remains above 55 and price action holds above key support, $CGN retains its bullish structure and upside potential.$CGN