Here’s a snapshot and quick analysis of the $GMX /USDT pair:
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Current Status:
Price: $17.65 (+11.85%, strong upward momentum)
24h High/Low: $17.69 / $15.53
Volume:
GMX: 234,031.43
USDT: $3.92M
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Technical Summary:
Trend: Bullish with a sharp 1-day gain of nearly +12%
Support Zone: Around $16.00–$16.40
Resistance: Immediate at $17.69 (24h high), then psychological $18.00
Momentum: Very strong, possibly driven by news or DeFi sector rotation
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Quick Strategy Thoughts:
Bullish Traders: May look for entries on small dips toward $17.20–$17.40
Cautious Traders: Wait for consolidation or test of support to avoid FOMO entry
Stop-loss suggestion (short-term): Just below $16.80, depending on volatility
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Want a more detailed chart-based technical analysis or comparison to other DeFi tokens like SNX or HFT?