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TheBuzzingBee

#GMX has found support at the lower boundary of the descending channel formation on the weekly chart



Support remains firm despite recent selling pressure

A sustained move higher could target $60
$GMX ‌✅️ FOLLOW FOR MORE ✅️
GMX1,16%
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NightTideShell
· 13h ago
Recently, even with sell-offs, the support level hasn't been broken, indicating strong buying support below.
View OriginalReply0
GateUser-2393d371
· 18h ago
Ape In 🚀
Reply0
PerpNightRunner
· 22h ago
Now the key is whether we can increase volume to break back above the channel's midline; otherwise, it may continue to grind lower.
View OriginalReply0
Tuan13
· 22h ago
2026 GOGOGO 👊
Reply0
AlphaAfterTea
· 22h ago
A $60 target sounds appealing, but I'm more focused on how to break through the resistance level around 50.
View OriginalReply0
Paper-SculptedOctopusNight
· 23h ago
Supporting stability is one thing; capital inflow is another. Is there any update on on-chain data?
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MoonlightLiquidationLine
· 23h ago
As long as the weekly lower band holds, there is hope.
View OriginalReply0
ExitLiquidityStan
· 23h ago
I'll first make a small position, stop loss if it breaks below the lower band, and add more once it holds.
View OriginalReply0
MempoolMaggie
· 23h ago
Rebound at the lower boundary of the weekly downtrend channel is fine, but don’t forget that false breakouts are also common; it's best to wait for the weekly close to confirm the signal.
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