Market Overview for GMX/USDC on 2025-12-09

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 9, 2025 11:13 am ET1min read
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Aime RobotAime Summary

- GMX/USDC rebounded from key $8.6–8.65 support amid thin volume, forming bullish 5-minute engulfing patterns.

- RSI signaled oversold conditions pre-noon, while late afternoon volatility pushed price toward $9.00 with surging volume.

- 61.8% Fibonacci level at $8.75 aligned with consolidation, but bearish reversal candles and weak turnover below $8.75 raised uncertainty.

- A close above $8.92 could extend bullish momentum, though insufficient volume risks a pullback toward $8.75 support.

Summary
• GMX/USDC tested key support near $8.6–8.65, rebounding amid thin volume.
• Momentum weakened in the early AM, with RSI signaling oversold conditions.
• Volatility expanded during the late afternoon surge toward $9.00.
• 61.8% Fibonacci level on the 5-min chart aligned with the 8.75–8.83 consolidation.

At 12:00 ET on December 9, GMX/USDC opened at $8.92, touched a high of $9.00, and a low of $8.55, closing at $8.89. Total 24-hour volume was 2,419.28, with a notional turnover of $21,426.09.

Structure & Formations


GMX/USDC showed a sharp rebound from the 8.6–8.65 support zone, with a bullish 5-minute engulfing pattern forming at 06:45 ET. A bearish reversal candle appeared at 18:45 ET as the price broke below the 8.78–8.81 consolidation range.
The 20-period 5-minute moving average moved lower, suggesting ongoing bearish pressure mid-session before the late-day rally.

Momentum and Indicators


The RSI reached oversold territory below 30 during the AM hours, hinting at potential reversal. MACD turned neutral in the late afternoon, aligning with the bullish breakout. Bollinger Bands widened during the 5:30–6:30 ET period, showing increased volatility before narrowing again into the afternoon.

Volume and Turnover


Volume remained subdued during the 12:00–18:00 ET timeframe but surged sharply during the late afternoon rally toward $9.00, with a $329k notional trade at 15:45 ET. Turnover did not confirm the initial break below 8.75, suggesting a lack of conviction from sellers.

Fibonacci Retracements


On the 5-minute chart, the 61.8% Fibonacci level was at $8.75, aligning with key consolidation levels and showing how the price could find support before testing higher. The daily swing from $8.55 to $9.00 suggests a potential 78.6% retracement level at $8.85–8.87 as a key watch area.

Looking ahead, a close above $8.92 could signal a potential continuation of the late-day bullish momentum. However, risks remain if volume fails to confirm the rally, potentially leading to a pullback toward $8.75. Investors should monitor the 5-minute MACD and RSI for early divergence signals.