$GMX



#GMXUSDT
4-Hour Chart: GMX is recovering, trading at $25.36. It's approaching the 200-SMA resistance at $26.61, with RSI near overbought levels (67.71), suggesting possible consolidation or pullback. The MACD indicates bullish momentum, but caution is needed around resistance. The 4-hour chart indicates that GMX/USDT is attempting a recovery, trading at around $25.36. The 200-period SMA is currently at $26.61, acting as a dynamic resistance level. The price needs to break above this level to confirm a stronger bullish reversal.

1-Hour Chart: GMX faces resistance around $26, with support at $22.15 - $21.54. A break above $26 could lead to further gains, while a failure might prompt a pullback. Momentum indicators support the bullish case but suggest monitoring for potential corrections due to the overbought RSI.
The clusters on the chart show that the price is currently testing the upper boundary of a previous consolidation zone. If the price breaks above $26 with strong volume, it could lead to a rally towards the next resistance zone at $28. However, if the resistance holds, a retracement back to the $22.15 - $21.54 area is likely.

GMX/USDT is showing promising signs of recovery, with bullish momentum building up in both the 1-hour and 4-hour timeframes. The key levels to watch are the resistance around $26 and the support around $22.15 - $21.54. A breakout above the resistance could signal further gains, while a failure to do so might lead to a short-term pullback

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