Market Overview for GMX/USDC on 2025-12-20

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 20, 2025 3:13 am ET1min read
USDC
--
Aime RobotAime Summary

- GMX/USDC tested $8.02 support, rebounding with a bullish hammer pattern after a sharp pullback.

- Late-session volume surge confirmed short-covering, while RSI (45-55) showed moderate momentum without overbought/oversold signals.

- Bollinger Bands expanded (upper $8.26, lower $7.94), with price closing near mid-band amid $8.08-8.11 resistance tests.

- MACD showed slight bullish divergence, but 200-period MA remains key long-term floor as traders watch $8.08 breakout potential.

Summary
• Price tested key support at $8.02 before rebounding, forming a bullish hammer.
• Volume surged in the late hours, confirming a potential short-covering rally.
• RSI indicates moderate momentum with no clear overbought or oversold signals.
• Bollinger Bands show mild volatility expansion, price hovering near the upper band at peak.
• MACD remains neutral with a slight bullish divergence in the last 5-minute candles.

GMX/USDC opened at $8.11 on December 19 at 12:00 ET, reaching a high of $8.24 and a low of $7.98, closing at $8.05 at 12:00 ET on December 20. Total volume was 2,412.56, with turnover at $19,614.76 over 24 hours.

Structure & Formations


Price action displayed a clear swing low at $7.98 before rallying, forming a bullish hammer pattern near $8.02.
Resistance levels were tested at $8.08–8.11, with a potential new support forming at $8.02–8.05 as the price consolidated after the sharp drop.

Moving Averages


On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early hours, suggesting a short-term bullish bias. Daily MAs show no significant crossover, with the 200-period MA acting as a potential long-term floor.

MACD & RSI


The MACD line showed a slight positive divergence in the last hour before the close, aligning with the volume increase. RSI hovered between 45–55 for most of the session, indicating moderate momentum with no clear overbought or oversold signals.

Bollinger Bands


Volatility expanded during the session, with the upper band reaching $8.26 and the lower band dipping to $7.94. Price closed near the mid-band, suggesting indecision, though the upper band acted as a temporary ceiling during the early-morning push.

Volume & Turnover


Volume spiked to 363.486 at 17:45 ET, signaling a sharp sell-off, while late-night volume at 149.614 confirmed a rebound. Turnover mirrored volume, peaking at $2,878.54 at 00:15 ET.

Fibonacci Retracements


The 61.8% Fibonacci level from the low at $7.98 and high at $8.24 came in at $8.09, where price briefly stalled before retreating. The 38.2% level at $8.03 acted as a support zone for a portion of the session.

The price appears to be in a consolidation phase after a sharp pullback, with support at $8.02 offering a potential floor for the next 24 hours. Traders should watch for a break above $8.08 to confirm a potential reversal, though caution is warranted if volume fails to confirm any directional bias.