GMX/USDT Trading Scenario
GMX is another undervalued asset in the current market. Its price is currently 70% below its all-time high (ATH), yet there is potential for it to reach that level again. The asset is currently trading at $28.37, close to its local minimum.
From a volume analysis perspective, the asset is at the Point of Control (POC), which formed in May 2024, when the asset was in an accumulation phase. Trading volumes also indicate heightened interest from market participants in this price range.
Despite the overall positive trend, the asset has not yet shown significant growth. However, with the upcoming altseason, it has strong potential to surpass its historical maximum.
From a volume analysis perspective, the asset is at the Point of Control (POC), which formed in May 2024, when the asset was in an accumulation phase. Trading volumes also indicate heightened interest from market participants in this price range.
Despite the overall positive trend, the asset has not yet shown significant growth. However, with the upcoming altseason, it has strong potential to surpass its historical maximum.
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