The $GMX /USDT chart shows that the token is currently trading at 15.49 USDT (Rs 4,391.72), reflecting a modest increase of +0.19%. Over the past 24 hours, the token has experienced a high of 16.95 USDT and a low of 15.01 USDT, indicating a relatively wide intraday trading range. The 24-hour trading volume of 291,014.61 GMX (≈4.64M USDT) suggests moderate market activity, with traders actively buying and selling within this range.
Analyzing the moving averages, we see MA(7) at 15.49, MA(25) at 15.71, and MA(99) at 15.63, which shows that the short-term trend aligns closely with the current price, while the medium and long-term averages are slightly higher. This alignment suggests that GMX is experiencing a consolidation phase, where short-term price movements are stabilizing around the recent average, potentially signaling either a near-term breakout or continued sideways trading.