$GMX GEARING UP FOR A BIG MOVE

Bulls Back in Control — Momentum Drive Past $17

GMX is showing strong recovery signs, trading at $16.59 after bouncing from the $15.12 low. Buyers have stepped up, pushing the price to test a fresh high near $16.62, with volume confirming renewed interest in this DeFi heavyweight.

Right now, $GMX is pressing against resistance in the $16.70–$17.00 zone. A decisive break above this level could open the doors for a stronger rally, while failure to hold may trigger a short-term retest of support. Momentum indicators are still flashing bullish, suggesting the bulls aren’t done yet.

Next Trade Setup:

Entry: Above $16.75 confirmation

Target 1: $17.50 (short-term breakout)

Target 2: $18.30 (extended rally)

Stop Loss: $15.40 (below recent support)

This is the tension point: one clean breakout candle could start the next leg higher. Traders should stay sharp, as GMX is at the brink of choosing its next direction.