$GMX /USDT is recovering from a sharp dip, but the challenge lies ahead as it faces EMA25 resistance, which will decide whether momentum carries it higher or stalls into consolidation.

Technical Analysis

Current price is 10.41, up +0.29% on the day. The coin recently bounced from a low of 9.55 and is now trading above EMA7 (10.26), signaling early bullish momentum. However, EMA25 (10.75) stands as the next key resistance, while EMA99 (12.60) represents the major trend barrier. RSI at 52.11 shows a neutral-to-slightly bullish outlook, while MACD is flat, reflecting the start of a possible trend reversal.

Trade Setup

Bullish: Entry around 10.30–10.40, target 10.75 and 11.55, extended target 12.60, stop-loss 9.90.

Bearish: If rejected near 10.75, short entry with target 9.80–9.55, stop-loss 11.10.

$GMX is in a recovery phase, but a decisive close above 10.75 is required to confirm further upside potential.

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