GMX/USDT Market Overview

Generated by AI AgentAinvest Crypto Technical Radar
Tuesday, Jul 15, 2025 5:56 pm ET1min read
USDT
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GMX/USDT (24-hour summary: July 14–15, 2025)
GMX/USDT opened at 12.73 (12:00 ET-1), hit a high of 12.76, bottomed at 11.99, and closed at 12.34 (12:00 ET). Total volume reached 78,484 units, with a notable spike during the sharp decline.

Market Analysis

Structure & Formations


The price tested 12.63 resistance multiple times but collapsed sharply to 11.99, forming a bearish engulfing candle at the peak. The subsequent rebound to 12.34 suggests consolidation, with 11.99 acting as critical support. No clear doji patterns emerged, but lower volatility post-dip hints at indecision.

Moving Averages


On the 15-minute chart, the 20-period MA (≈12.30) hovers near current prices, while the 50-period MA (≈12.45) offers resistance. Daily charts show the 50-day MA (≈12.50) above the 100-day MA (≈12.40), suggesting neutral-to-bullish bias unless the close drops below 12.0.

MACD & RSI


MACD dipped into negative territory during the drop but rebounded slightly, signaling reduced bearish momentum. RSI briefly hit 28 (oversold) at the low, now hovering near 45, indicating neutral sentiment. No clear divergence detected yet.

Bollinger Bands


Price touched the lower band (≈12.10) during the low, followed by a rebound toward the middle band (≈12.35). Volatility remains elevated but narrowing, suggesting a potential breakout ahead.

Volume & Turnover


The massive volume spike (65,830 units) during the 11.99 low confirmed strong selling pressure. Post-rebound volume dropped significantly, signaling exhaustion. No clear turnover divergence noted, but low volume at recent highs raises caution.

Fibonacci Retracements


A 38.2% retracement (≈12.23) and 61.8% (≈12.42) define key resistance levels between 11.99 and 12.63. A break above 12.42 could signal a return to pre-dip levels.

Outlook & Risk


GMX/USDT may consolidate between 12.0 and 12.6 over the next 24 hours, with 11.99 as critical support. A sustained close above 12.42 could reignite bullish momentum. Investors should monitor volume and RSI for confirmation, as volatility remains high. Risk-averse traders may consider stop-losses below 11.90 to mitigate further declines.


• Price plummeted to 11.99 with record volume, testing key support.
• RSI dipped into oversold, hinting at potential short-term rebound.
• Resistance at 12.63 remains intact, with consolidation likely between 12.0–12.6.