$GMX
Relative Strength Index (RSI)
14-day RSI: Approximately 35.7, indicating that GMX is approaching oversold territory.
Moving Averages (MA)
50-day SMA: $24.88 ·200-day SMA: $33.97 The current price is below both the 50-day and 200-day SMAS, suggesting abearish trend.
MACD (Moving Average Convergence Divergence)
MACD (12,26): Approximately -0.11, indicating bearish momentum.
Other Indicators
·ADX (Average Directional Index): Around 46.3, suggesting a strong trend.
·Williams %R: At -100, indicating the asset is oversold.
·CCI (Commodity Channel Index): Approximately -227, also pointing to oversold conditions.
GMX Price Forecast
· Short-Term: The price is expected to remain under pressure due to bearish indicators.
·Mid-Term: Potential for recovery exists if the price can break above resistance levels and moving averages.
·Long-Term: Forecasts suggest a gradual increase, with prices potentially reaching around $18.61 by 2030.
Key Support and Resistance Levels
·Support: $12.52 ·Resistance: $16.69, with further resistance at $19.82 and $22.57 if the price breaks above the initial resistance.
Note: This analysis is based on current technical indicators and market data. Cryptocurrency markets are highly volatile, and forecasts can change rapidly. Always conduct your own research and consider consulting with a financial advisor before making investment decisions.