- GUNZ’s Binance listing sparks massive interest with $15.8B staked in Launchpool.
- Sharp price drop for GUNZ signals resistance at $0.097 and potential rebound.
- Surge in GUNZ trading volume shows strong market activity despite price decline.
Binance officially listed GUNZ (GUN) Tuesday, marking a significant step for the Web3 gaming, DeFi, and AI trading project operating across Sui and MOVE ecosystems. This listing came after a surge of demonstrated interest via the project’s Binance Launchpool campaign.
Over $15.8 billion was staked into the Launchpool by more than 1.7 million participants to farm initial GUNZ tokens. This set a notable record for Launchpool engagement over a seven-month period. The official GUNZ listing represents a key moment for the token, indicating strong initial demand and setting the stage for its wider integration into Binance’s trading platforms.
How Can Users Trade GUNZ on Binance
GUNZ is now available for trading across multiple platforms on Binance. Users can buy and sell the token directly on Binance Spot.
They also have the option to swap with zero fees using Binance Convert. Additionally, GUNZ can be purchased using various payment methods including Visa, Mastercard, Google Pay, and Apple Pay.
Starting March 31, Binance Simple Earn began offering flexible GUN savings products. Binance Auto-Invest enabled automated recurring GUN purchases beginning today, April 1.
GUNZ will also soon be available for leveraged trading. Binance Margin added GUN as a borrowable asset for margin trading (including GUN/USDT pairs) starting March 31. Binance Futures also launched the GUN/USDT Perpetual Contract today (April 1), offering traders up to 75x leverage. Funding fees for this perpetual contract settle every four hours.
These multiple trading options reflect Binance’s typical commitment to making newly listed tokens like GUNZ accessible to a broad range of users and trading styles.
Related: Four Altcoins, Four Stories: XRP, TAO, ETH, HBAR Set for Critical April?
How Did GUNZ Price React After Listing?
Despite the strong Launchpool interest, GUNZ experienced a sharp price decline shortly after spot trading commenced. Over the last 24 hours (leading into April 1), the price dropped 22.17%, reaching approximately $0.07537 at press time.
Initially, GUNZ saw an impressive price surge immediately following the listing, briefly peaking near $0.09733, which suggested strong initial buying interest met the new supply.
However, the price faced strong resistance near that peak level. This led to a steady decline afterward.
Key Support and Resistance Levels for GUNZ
Based on recent price action, GUNZ faces key technical support and resistance levels traders monitor. The price recently faced rejection near the $0.097 peak. The $0.090 level also remains a potential psychological resistance area overhead.
On the support side, the current price area around $0.074-$0.075 is now an immediate zone of interest to watch heading into April 2nd.
If bearish momentum continues and GUNZ drops below this point convincingly, the $0.070 level becomes the next critical support zone to watch. Round numbers like $0.070 often attract market orders
Price Outlook for GUNZ on April 2nd
Therefore, the immediate outlook hinges on the $0.074 support level. If GUNZ manages to hold above $0.074 through April 1st, it may attempt a technical rebound toward the $0.080 – $0.090 resistance zone on April 2nd.
Related: Will XRP, LINK & 3 More Bounce Here? 5 Altcoins Testing Make-or-Break Levels
A break below the critical $0.070 support level could signal potential for further downside price action in the short term. Despite the sharp post-listing price dip, it’s worth noting the 24-hour trading volume for GUNZ surged dramatically (reportedly over 13,000%).
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