May 28, 2025
GMX, the native token of the decentralized exchange on Arbitrum and Avalanche, is trading at $16.03, gaining 2.1% in the last 24 hours (CoinGecko). The growing interest in DeFi and real income from staking make GMX an attractive asset (@binance, @thedefiedge).
What's happening?
GMX maintains positions above $15, forming an upward channel on the daily chart, indicating potential growth to $18 (FXStreet). Support at $15.13, resistance at $16.13 (Changelly). RSI (64) reflects moderate bullish momentum, and the GMX protocol distributes ~27% of fees for token buybacks and staking, supporting the price (@jankelux). The excitement around DeFi and low P/F ratio (2.38x at a market cap of $166.9 million) highlight the undervaluation of the asset (@gotRekt1337).
Opportunities on Binance Buy GMX without commission through P2P or use Binance Convert. Staking GMX on Binance Earn offers up to 6% annually. Participate in airdrops through Binance Launchpool for bonuses.
What's next?
GMX may test $18 with the strengthening of DeFi trends and the growth of Arbitrum. A correction to $15.13 is possible if the market cools down. Follow Binance Square and trade on binance.com.
#gmx #Binance #BinanceAlphaAlert $GMX
