**Current situation (May 28, 2025)**:
- **Price**: ~$13.50–$14.50 (USD, based on current data).
- **Context**: GMX is the token of a decentralized exchange (DEX) on Arbitrum and Avalanche, supporting spot trading and perpetual futures with low fees. The ecosystem is growing due to integrations (Solana, TON) and staking (APR ~10–15%).
**Technical forecast for 2026**:
- **Prices** (according to analysts):
- **Optimistic**: $36–$94.69 (growth of 150–550%) in a bull market and DeFi development.
- **Neutral**: $15.40–$64.70 (growth of 10–350%).
- **Pessimistic**: $10.34–$12.32 during market correction.
- **Levels**:
- Support: $12.50–$13.60, $10–$11.
- Resistance: $16.69–$19.82, $36–$50.
- **Trend**: Bullish on long-term timeframes, but short-term volatility (RSI ~45–50, neutral; 50/200 MA indicate a bullish trend). Possible consolidation due to a recent decline of 9–13%.
**Fundamentals**:
- **Growth drivers**:
- Increased activity on GMX DEX: $390 million in liquidity, integration with LayerZero for multi-chain trading.
- Staking GMX with 30% platform fees and airdrops ($GLV, $GLP).
- Partnerships (TON, Solana) and a competition for Perp DEX development.
- Support for Chainlink Oracles and Arbitrum L2 for scalability.
- **Risks**:
- Regulatory restrictions (possible delisting of pairs, e.g., GMX/BTC on Binance).
- Competition from other DEXs (Uniswap, dYdX).
- Dependence on BTC/ETH and overall market dynamics.
- A decline of 81.9% from ATH ($91.39) indicates high volatility.
**Recommendation**:
- **For investors**: Buy on correction to $12.50–$13.60, stop below $10. Target: $36–$50. Staking for passive income.
- **For traders**: Buy on breakout at $16.69, target $36–$50. Sell below $12.50, target $10–$11.
- Risk: 1–2% of deposit, consider volatility.
*Risks*: Regulation, competition, decline in BTC/ETH.