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NewsBTC 2022-09-01 20:14:37

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

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 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 ...

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