NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

GMX Token Top Arbitrum Network, How Far Can It Go?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of the GMX token has shown so much strength despite the downtrend across the market, with the GMX token eyeing a rally to its all-time high of $60. Bitcoin’s (BTC) price has shown less steam compared to recent times, this has affected most crypto assets, but this can not be said of GMX token. (Data from Coinex)

Related Reading: Robinhood Lists Cardano On Platform, ADA Price To Take A Push Upwards?

GMX Token (GMX) Price Analysis On The Daily Chart 

GMX token price has shown so much strength creating a higher high after hitting a low of $13; the price bounced off from this region and rallied to $55. 

The price of GMX rallied to a high of $55 but was rejected as this proved to be a resistance for GMX on the daily chart. 

GMX price dropped to a region of $35, forming daily support to hold off the price from selling. The price of GMX has continued to hold above support and build momentum to break above this region.

The price of GMX is currently trading above its support, with eyes set for more highs. 

Daily resistance for the price of GMX – $55.

Daily support for the price of GMX – $35.

Price Analysis Of GMX On The Four-Hourly (4H) Chart

Four-Hourly GMX Price Chart | Source: GMXUSDT On Tradingview.com

After falling from a high of $55, the price of GMX on the four-hourly timeframe has formed support at $30, holding the price of GMX from going lower as this has become an area of demand for GMX price.

The price of GMX has formed a bullish trendline acting as support for the price of GMX; as long as the price of GMX respects the trendline acting as support for its price, we could see the price of GMX going higher to a new high and possibly reaching its all-time highs.

If the price of GMX fails to hold this trendline and breaks below, we could see the price going lower to a region of $40, where it has formed support in the four-hourly timeframe before its rally.

Despite being rejected recently from the $55 mark, GMX price has continued to look bullish with more buy volume for this coin.

Four hourly (4H) resistance for the GMX price – $55.

Four hourly (4H) support for the GMX price – $40.

Price Analysis Of GMX On The One-Hour (1H) Chart

One-Hour GMX Price Chart | Source: GMXUSDT On Tradingview.com

The price of GMXon the 1H timeframe has continued to respect the trendline while creating higher highs; if the price of GMX continues its bullish structure, we could see GMX going past the $60 mark.

If the trendline supporting the GMX token is broken, we could see the price revisiting $43, just above the 200 Exponential Moving Average (EMA). The price of GMX is currently trading above the 50 and 200 EMA, acting as support for GMX’s price in the 1H timeframe.

The price of $47 and $43 corresponds to the 50 and 200 EMA values on the 1H chart.

The Relative Strength Index (RSI) for GMX on the 1H chart is above 60, indicating buy order volume for the GMX price.

One-Hourly (1H) resistance for the GMX price – $55.

One-Hourly (1H) support for the GMX price – $47, $43.

Related Reading: Bitcoin Derivatives Reserve Surges Up, More Volatility Soon?
Featured Image From Currency, Charts From TradingView.com 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Altcoin, solana

Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy

Nasdaq-listed firm Helius Medical Technologies Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by...

Rubmar Garcia 4 hours ago

SkinsLuck透明化改革引爆CS2賭場革命 黑箱時代結束玩家不再盲賭

當CS2皮膚價值在2025年持續飆升,過去那種以「隨機算法」為名的黑箱操作,終於開始崩解。SkinsLuck的重新登場,正是在這樣的背景下打開一條新路。這不是單一網站的成功,而是一種邏輯的轉向——從模...

Kelvin Lee 6 hours ago
도지코인, 클린코어 1억 2,500만 달러 매입에 20% 급등… 맥시 도지까지 수혜 가능성

도지코인, 클린코어 1억 2,500만 달러 매입에 20% 급등… 맥시 도지까지 수혜 가능성

도지코인이 최근 꾸준한 상승세를 보이며 약 20% 상승한 0.25 달러 선에 안착했다. 이번 상승은 클린코어 솔루션(CleanCore Solutions)의 대규모 매수에 힘입은 것...

Soyeon Lee 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

explosion-solana-galaxy-digital-forward-industries-institutions

Explosion à venir sur Solana ? Galaxy Digital, Forward Industries, et l’impact des investisseurs institutionnels

guillaumev 34 minutes ago
Bitcoin Hyper surinko $16 mln.: tikrasis BitcoinFi bumas prasideda su HYPER

Bitcoin Hyper surinko $16 mln.: tikrasis BitcoinFi bumas prasideda su HYPER

Tomas Jankūnas 44 minutes ago
Saylor’s $73B Bitcoin Move Ignites Crypto—Why Strategy Could Make ‘Hyper’ the Next Big Thing

Saylor’s $73B Bitcoin Move Ignites Crypto—Why Strategy Could Make ‘Hyper’ the Next Big Thing

Aaron Walker 1 hour ago

Premium Sponsors

Press Releases

  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    12 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    12 hours ago
  • 5 kriptovaluta koje treba pratiti u studenom zbog potencijalnog rasta od 5.000%

    5 kriptovaluta koje treba pratiti u studenom zbog...

    13 hours ago
  • Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17. září o úrokových sazbách

    Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17...

    13 hours ago
  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.