GMX +62.81% in 24 Hours Amid Technical Reversal Signals

On SEP 8 2025, GMX rose by 62.81% within 24 hours to reach $14.54, GMX dropped by 217.1% within 7 days, dropped by 136.8% within 1 month, and rose by 0% within 1 year.

Technical indicators are currently showing signs of a short-term reversal, with the RSI dipping below 30 and the 50-day moving average crossing above the 200-day line. These signals suggest that the recent downturn may be stabilizing, supporting the overnight rally. Traders are closely watching for a break above $16.00, a level that could confirm the emergence of a new uptrend.

The MACD has just crossed into positive territory after a prolonged bearish phase, reinforcing the possibility of a turning point in the GMX price structure. However, the longer-term trend remains deeply bearish, as illustrated by the steep decline over the past month and seven-day period. Analysts have noted that any sustained move above the $14.50 level would need to be confirmed with follow-through volume and a retest of key resistance levels.