Gemini Stock’s Epic Fall: Is it Worth Buying After a $2.6 Billion Wipeout?

Ah, the tale of Gemini stock, once a promising star, now descending into the abyss. From the heights of glory to the depths of despair, this poor stock has plummeted to a record low, following a pattern that began shortly after its ill-fated debut in September. Truly, a classic case of “from hero to zero,” but with a lot more zeros than anyone anticipated. 😅

//media.crypto.news/2025/12/Gemini-stock.webp”/>

The two-hour chart paints a grim picture. Gemini stock has been on a relentless downward trajectory for months, forming a descending channel that no one asked for. It’s stayed well below the 50-period moving average, and let’s just say the technicals aren’t looking too hot either. 🥵

It’s stuck below the Supertrend indicator, and the chart’s been forming a series of lower lows and lower highs. The bears are out, and they’re targeting the support level at $5. Yes, $5. If that doesn’t sound like a bargain, I don’t know what does. Of course, if the stock rebounds and breaks above the upper channel boundary, all bets are off. But don’t hold your breath. 😤

Read More

2025-12-03 19:36