$GMX has seen a notable price increase of 5.238% in the last 24 hours, moving between a high of 13.5 and a low of 12.25.
Currently, traders exhibit mixed sentiment, reflecting uncertainty in market direction.
The RSI stands at 63.6, indicating that GMX is nearing overbought territory, which may lead to price corrections.
As it approaches the resistance level of 13.5, a breakout could occur if buying pressure persists, while rejection may push it back toward the support of 12.25.
Investors should also monitor any major news in the DeFi space that could influence GMX’s performance further.
