Here's a concise technical snapshot and trend analysis for $GMX /USDT,

📊 Current Trading Summary – GMX/USDT

Current Price: $14.69

24h Change: -7.55%

24h High / Low: $16.16 / $14.61

Volume (24h):

GMX: 115,142.45

USDT: $1.78M

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📈 Technical Indicators

MA(5): 9,701.22

MA(10): 8,353.93

Volume: 6,643.26

Trend: Strong short-term bearish momentum indicated by a steep drop from recent highs.

Support Zone: Around $14.50

Resistance Zone: Previous high near $16.16

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📉 Performance Summary

Timeframe % Change

7 Days -8.47%

30 Days +12.99%

90 Days -8.01%

180 Days -65.04%

1 Year -65.10%

GMX has recovered slightly over the past 30 days but is still significantly down over 6–12 months, suggesting long-term weakness or correction from earlier overvaluation.

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📌 Quick Take

Short-Term: Momentum is negative; watch for stabilization near $14.50 support. A break below could signal further downside.

Medium-Term: Range-bound unless volume picks up; sideways consolidation possible.

Long-Term: Still in deep drawdown territory. Recovery would require strong fundamental catalysts or market-wide DeFi resurgence.

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