GMX (GMX) – April 22, 2025 Update
Current Price: $14.37 USD
24h Change: +0.98%
Market Capitalization: $63.78 million USD
24h Trading Volume: $10 million USD
Circulating Supply: 4.44 million GMX
Max Supply: 5 million GMX
All-Time High Price: $95.21 USD (March 25, 2025)
📊 Technical Analysis:
Overall Signal:
Signal: Mild Buy (Buy)
Specific Indicators:
RSI (14): 56.8 – Neutral zone, may increase significantly if momentum is maintained.
MACD (12,26): +0.04 – Mild buy signal, indicating a slight upward adjustment could continue.
Stochastic (9,6): 47.8 – Neutral zone, no strong trend signals at the moment.
ADX (14): 18.6 – Weak trend, suggesting the market is not showing strong fluctuations.
CCI (14): +30.1 – Positive signal, indicating the uptrend may continue.
Support and Resistance Levels:
Nearest Support: $13.50
Nearest Resistance: $15.00
📈 Trend Analysis:
GMX is currently in a stable uptrend with slight growth observed in the past 24 hours. Technical indicators like MACD and RSI suggest that there hasn't been significant market volatility, and the current trend could continue with a mild upward movement. The stable trading volume indicates continued investor interest.
Strategy Recommendations:
Short-Term: Consider buying when the price breaks above the $15 resistance level, with the next target being around $16.00 USD.
Long-Term: Keep monitoring the project’s development and broader market trends to make a more informed investment decision.