Gandalf the White (Borderless) Price

Updated 2026-05-06

Gandalf the White Borderless is bleeding out in real time, down -13.7% from its $18.96 peak and caught in a slow leak that shows no signs of reversing. The 7-day decline of -1.7% compounds into a -9.0% monthly collapse, suggesting early specs are unloading rather than holding for a recovery. Price action is now pinned within a razor-thin band: current $16.37 sits just -0.1% above the 25-day trough of $16.39, indicating the floor is holding but demand has evaporated. This is the trade of someone who got caught long at $18 or higher and is now managing losses, not accumulating. The real question is whether this mythic foil finds fresh entry demand below the $15 level or continues its descent toward true capitulation. Watch for stabilization beyond five consecutive days without new lows; anything less signals this spec still has room to run lower.